Insurance for Financial Services

Financial Services insurance

Customizable Insurance for Financial Services

With more than 30 years of experience insuring the financial service industry, we can help protect you against the evolving and complex risks you face.
 
Financial Services insurance
 

Financial Institutions Insurance for a Broad Spectrum of Needs

Financial institutions have a lot to balance. You must meet the increasing needs and wants of customers and employees, while improving performance and complying with changing laws and regulations. We know this exposes businesses to potential liabilities like never before.
 
That’s why we have a dedicated team of industry experts that can help financial institutions and service providers overcome challenges. This includes:
 
  • Underwriters
  • Risk engineering consultants
  • Claims specialists
  • Operations
Specialization in Action: Industry Spotlight - Financial Services

Action Video: Industry Spotlight – Financial Services

Heather Savino, Financial Services Industry Practice Lead at The Hartford, and Ziad Kubursi, Head of Financial & Executive Liability at The Hartford, talk about the company’s comprehensive product offerings and services for financial services.

Financial Institutions That We Serve

We can help protect a variety of financial institutions, including:
  • Asset management firms and funds
  • Banks/Depository institutions and lenders
  • Insurance companies
  • Private equity
  • Real estate investment trusts (REITs)

Specialized Coverage Solutions Designed for Financial Services Businesses

We offer comprehensive product offerings that your agent or broker can customize to meet the specific needs of your financial services business.
 
Our broad coverages include:
 
Management and professional liability insurance to help protect against liability risks that your financial institution’s leaders face. We offer:
 
  • Directors, officers and entity liability coverage (D&O insurance)
  • Errors and omissions (Professional Liability)
  • Employment practices liability (EPL) coverage
  • Fiduciary coverage
  • Crime coverage
  • General partners liability
Property Choice® helps protect your financial institution’s buildings, facilities, and business equipment.  You can work with your agent or broker to tailor coverage so it fits your business’ specific needs.  Property Choice includes valuable Coverage Extensions such as:
 
  • Accounts Receivable
  • Newly Acquired Property
  • Direct and Indirect Contingent Business Income
  • Utility Services Interruption
Optional additional coverages are available such as Cloud Computing Services, Professional Employee Replacement Expense, and Business Personal Property at Remote Worker Locations.
 
Mortgage protection insurance to address impairment and errors & omissions claims associated with a mortgage portfolio for lenders.
 
General Liability Choice® to help protect against claims that your business caused bodily injury and property damage. Our financial services liability insurance automatically covers employees. Your agent or broker can also easily extend coverage to others when it’s needed.
 
Workers’ compensation insurance to help your financial services employees recover from work-related injuries or illnesses. Our return-to-work program can help your employees recover from injury and get back to work faster.
 
Cyber liability insurance for financial institutions to help your business prepare for, respond to and recover from a cyber-attack. With the sensitive, confidential and personally identifiable information your financial services business handles, our CyberChoice First Response PolicySM gives you access to:
 
  • The Hartford Cyber Center, a portal with resources on risk management tools, trainings and best practices.
  • A 24/7 incident hotline to assist your business with cyber-attacks.
  • Coverages for payment card industry issues, cyber extortion, regulatory investigations and business income interruption.
  • Post-Incident Remediation Expense to help you improve your business’ cyber security after an incident.
Umbrella and excess liability, which gives your financial services business worldwide coverage and limits up to $25 million.
 
Multinational Choice, which helps protect your financial institution from losses and claims in over 200 countries. Even if you don’t have a location outside the U.S. or employees traveling abroad, this coverage is important because regular business insurance policies may not cover claims in foreign countries.
Financial institutions and risk engineering

Identifying Risks Before They’re a Problem for Financial Institutions

Our risk engineering team can help find and fix issues before they become a problem for your financial institution. Our specialists use a variety of resources to help make your business safer, including:
 
  • Business continuity planning
  • Emergency preparedness
  • Premises safety
  • Cyber security
  • Ergonomic evaluations
  • Return-to-work programs
  • Resources on controlling losses and limiting exposures

Exceptional Claims Service Dedicated to Financial Institutions

We know how to handle claims. In fact, over the last five years, we’ve handled more than 305,000 financial services claims and paid $784 million.
 
Our experienced claims and legal assistance teams take a timely, proactive approach to handling claims and whenever possible:
 
  • Avoid court
  • Limit publicity
  • Assign experienced counsel

Unique Offerings for Financial Institutions

Track Risk. Explore Opportunities. (TREO)SM
Our risk management information system is designed to simplify claims management and help lower loss costs.
 
ClaimPlus Team®
A team of professionals who work with each client’s operations and risk exposures.
 
Financial Institution insurance and Specialized Support

Specialized Support

We make it our business to figure out how to best support our customers. That means fully understanding your needs and risks. You can work with your agent or broker to create a customized insurance policy with specialized coverage for your financial services business.
 
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Why The Hartford

200+ years
financial strength
Ethisphere award
1 Financial ratings as of December 31, 2019.
The Hartford shall not be liable for any damages in connection with the use of any information provided on this page. Please consult with your insurance agent/broker or insurance company to determine specific coverage needs as this information is intended to be educational in nature.
 
The information contained on this page should not be construed as specific legal, HR, financial, or insurance advice and is not a guarantee of coverage. In the event of a loss or claim, coverage determinations will be subject to the policy language, and any potential claim payment will be determined following a claim investigation.
 
Certain coverages vary by state and may not be available to all businesses. All Hartford coverages and services described on this page may be offered by one or more of the property and casualty insurance company subsidiaries of The Hartford Financial Services Group, Inc. In TX, this insurance is written by Sentinel Insurance Company, Ltd., Hartford Casualty Insurance Company, Hartford Lloyd’s Insurance Company, Property and Casualty Insurance Company of Hartford, Hartford Underwriters Insurance Company, Twin City Fire Insurance Company, Hartford Accident and Indemnity Company and Hartford Fire Insurance Company. In Arizona, New Hampshire, Washington and California, the insurance is underwritten by Hartford Accident and Indemnity Company, Hartford Casualty Insurance Company, Hartford Fire Insurance Company, Hartford Insurance Company of Illinois, Hartford Insurance Company of the Midwest, Hartford Lloyd’s Insurance Company, Hartford Underwriters Insurance Company, Maxum Casualty Insurance Company, Maxum Indemnity Company, Navigators Insurance Company, Navigators Specialty Insurance Company, Pacific Insurance Company, Property and Casualty Insurance Company of Hartford, Sentinel Insurance Company, Ltd., Trumbull Insurance Company and Twin City Fire Insurance Company. The Hartford® is The Hartford Financial Services Group, Inc. and its subsidiaries, including Hartford Fire Insurance Company.
 
The Hartford® is The Hartford Financial Services Group, Inc. and its property and casualty subsidiaries, including Hartford Fire Insurance Company. Its headquarters is in Hartford, CT.
 
* Customer reviews are collected and tabulated by The Hartford and not representative of all customers.