Insurance for financial institutions
Financial institutions are exposed to a diverse range of risks. And the risks keep changing as financial regulations change. For financial institutions, expert insurance has become of critical importance.
Apart from the risks inherent in managing other people’s money, regulators such as the Financial Markets Authority and Commerce Commission represent a big risk by raising the bar of statutory compliance. Nowhere is this more pertinent than around disclosure.
In this ever changing environment, financial institutions from small stockbroking firms to merchant banks and finance companies require a range of insurances, including
- professional indemnity cover
- directors’ and officers’ cover
- statutory liability cover
- public liability cover
- fraud, computer crime and theft cover.
Specialist providers of financial institution insurance
Crombie Lockwood has a dedicated team to look after financial institution insurance, people with years of experience who have seen a tremendous range of situations play out. This equips us to give you expert advice on insurance for your stockbroking firm or bank.
Given that the risks are so big and the market so small, the insurance market for financial institutions in New Zealand is limited. Crombie Lockwood uses our excellent relationships with underwriters to secure insurance for financial institutions in New Zealand as well as overseas, mainly in London.
In addition, we offer our clients excellent agreed policy wordings, developed from years of experience, that give you superior cover.
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Important Information The information on this website is only intended to provide a general summary or introduction to a product, offering or service. Any decision to purchase this product should be based on specific advice for your business or personal needs. For further information on this product, offering or service please speak to your broker.