Financial Institutions Insurance
Why choose Zurich for Financial Institution insurance?
One relationship. Broad capabilities. Global reach.
Financial institutions are adapting to changing customer expectations by embracing new technologies and pursuing growth opportunities in areas such as digital banking, mergers and acquisitions, and wealth management. Zurich can help organizations address the risks accompanying that evolution while supporting the local presence and customer relationships that remain central to their success.
For more than 100 years, Zurich has provided insurance solutions to the financial services industry. Through a comprehensive suite of insurance solutions, Zurich serves financial institutions of all sizes and business models, providing access to property and casualty, financial lines, cyber liability, fidelity bond, accident and health, specialized banking coverages, risk engineering services, claims expertise and multinational capabilities, all backed by deep industry knowledge. This broad offering can help eligible financial institutions develop an insurance program that supports their current operations and future plans.
Through Zurich's multinational capabilities, financial institutions can access coordinated insurance solutions for domestic and international exposures through a single carrier relationship. Supported by local expertise, specialized underwriting resources and a broad range of insurance solutions, Zurich helps organizations manage risk across borders while addressing the evolving needs of their business.
Targeted Classes for Financial Institutions
Financial Institutions resources
Financial Lines Fact Sheet
Trust Protector Policy
Insurance solutions for Financial Institutions
Zurich’s broad all risk property form addresses the exposures that financial institutions face including:
- Technology Service Provider
- Unintentional Errors or Omissions
- Flexible Extended Period of Indemnity options
- Better Green™ - coverage to rebuild to same or higher green standard automatically included via sublimit after a covered loss
- Flexible Accounts Receivables, Valuable Papers, Computer Systems and Fine Arts limits
- Ordinance or Law applies to all covered property and time element loss, not just buildings
- Loss of Utilities includes overhead lines
- Broad personal property definition includes Personal Property of others in your care, custody and control
Coverage highlights that include:
- Broad Named Insured (includes Partnerships, Joint Ventures and LLC’s)
- Automatic Blanket Additional Insured
- Automatic Waiver of Right of Subrogation and primary non-contributory conditions
- Drive-through Automated Teller Machine (ATM) Property Damage
- Definition of Bodily Injury includes mental anguish, mental injury, shock, fright or death
- Crisis Reimbursement
- Essential Executive coverage
Coverage can include solutions for:
Exporter Solutions
- Coverage for domestic companies moving into the global arena
Zurich Envoy®
- Coverage for companies with an established foreign presence
Zurich Envoy® Global Property
- Coverage for larger and more complex risks, our "all risk" property form was built with both domestic and global clients in mind, providing flexibility and alignment with applicable insurance regulations in all jurisdictions where we provide insurance.
- Provides concierge services (e.g., forgotten prescription, lost passport) and facilitation for medical and security needs
- Directors and Officers (D&O), Employment Practices Liability (EPL), Fiduciary Liability and Crime
- Professional Liability or Errors & Omissions (E&O)
- Cyber
- Level and variable dividend options available
- Loss sensitive programs available
- Headcount retrospective options
- Pay-as-you-go payroll options
In addition to the many traditional insurance coverages needed by most businesses, Zurich can provide specialized insurance coverages tailored to the needs of financial services firms, including:
- REO Properties
- Mortgage Protection Policy
- Trust Properties
- Repossessed Auto
- Contingent Auto Leasing
- Business Travel Accident
- Leisure Travel Insurance
- Critical Illness Insurance
- Hospital Indemnity Insurance
- Group Personal Accident
- Gap Medical Insurance
Meet our Financial Institutions specialists
Ready to do business, but don't have a broker? Find a brokerAlex Muralles
Head of Financial Institutions
Financial Lines
alex.muralles@zurichna.com
Ready to do business, but don't have a broker? Find a brokerJonathan C. Gerold
AVP, Industry Practices Director, Financial Institutions and Professional Services
U.S. Middle Market
jonathan.gerold@zurichna.com
Ready to do business, but don't have a broker? Find a brokerTrey Martino
Head of Financial Institutions and Professional Services
U.S. Middle Market
t.martino@zurichna.com
Risk Engineering
Through Zurich Resilience Solutions, we provide specialized insights and tools to support our customers with solutions addressing traditional and evolving risks – above and beyond insurance.
Claims Services
Zurich Claims specialists are strategically deployed in the U.S. and around the globe to help customers mitigate and respond to loss events, and to gain insights into becoming more resilient against future losses.
Learn more
FAQs
Financial institution insurance refers to a combination of coverages designed to address the operational, property, liability, management, professional and industry-specific risks that financial organizations may face. Depending on the organization, an insurance program may include property, general liability, workers’ compensation, umbrella, management and professional liability, cyber, fidelity or crime, multinational, accident and health, and specialized financial institution coverages. Coverage availability varies by institution, location and underwriting qualifications.
Zurich provides insurance solutions for a wide range of financial services organizations, including asset managers, banks, lending institutions, insurance companies, insurance brokers, credit unions, and other financial service providers. We work with organizations ranging from small and mid-sized businesses to large, complex enterprises.
Zurich offers capabilities across property and casualty, management and professional liability, specialized financial institution coverages, multinational, construction, and accident and health. Bringing these capabilities together can help an eligible financial institution address multiple exposures within a coordinated insurance approach.
Yes. Zurich offers multinational insurance solutions that can help financial institutions manage risks across multiple countries while addressing local insurance and regulatory requirements. Our global network supports organizations with international operations, employees, and assets.
Yes. Zurich provides specialized solutions tailored to the financial services industry, including coverage for mortgage-related exposures, trust properties, REO properties, repossessed autos, and other unique risks faced by financial institutions.
Financial institutions choose Zurich for our long-standing commitment to the industry, broad insurance capabilities, financial strength, claims experience, risk management services, and ability to create customized solutions that meet complex business needs.
Yes. Zurich works with customers and brokers to develop insurance programs that align with an organization's size, operations, risk profile, and business objectives. Coverage structures and program design can be tailored to help address specific exposures.
As financial institutions expand internationally, they face risks and regulatory requirements in multiple countries. Multinational insurance helps provide coordinated coverage across global operations, supporting compliance, consistency, and protection for people, assets, and business activities around the world. Zurich offers multinational solutions designed to help organizations manage these complexities with confidence.
Zurich has more than 100 years of experience underwriting financial institutions. That history complements Zurich’s current property and casualty, management and professional liability, specialized financial institutions, multinational, construction, and accident and health capabilities.
Coverage needs depend on factors such as the institution’s services, assets, workforce, geographic footprint, technology environment and plans for growth. Working with an insurance broker and Zurich can help the institution evaluate its exposures and identify coverages that may be appropriate, subject to underwriting and product availability.