Financial Institutions Insurance
Why choose Zurich for Financial Institution insurance?
For over 150 years, Zurich has been delivering solutions to the Financial Services Industry. Today, with an extensive array of products, capabilities, services, and a dedicated team, Zurich can assist you in managing your people, assets, financial, and operational risks.
Zurich offers a comprehensive suite of insurance solutions for the financial services industry, including a proprietary package policy that combines tailored property and liability coverages for your financial institutions.
For financial services firms with global exposures, we can design and implement multinational solutions to ensure compliance with all local insurance and tax regulations.
This is supported by the financial strength of Zurich’s balance sheet and claims expertise. Additionally, our Risk Engineering services help you build resilience to protect your own balance sheet.
Targeted Classes for Financial Institutions
- Asset Managers
- Banks and Lending Institutions
- Insurance Companies and Brokers
Financial Institutions resources
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.
Zurich Travel Assist
- 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:
- Foreclosed Properties
- Mortgage Protection Policy
- Trust Properties
- Repossessed Auto
- Contingent Auto Leasing
Meet our Financial Institutions specialists
Ready to do business, but don't have a broker? Find a brokerJonathan C. Gerold
AVP
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 (ZRS), we provide specialized insights and tools to support our customers with solutions addressing traditional and evolving risks – above and beyond insurance.
Learn more
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 moreFAQs
Financial services institutions and related businesses – from banks and credit unions to asset managers as well as insurance companies and brokers – operate in a business environment that can change overnight. Further, they need the same property, liability, workers’ compensation and other lines of commercial insurance as other businesses.
Zurich understands that managing the complex risks facing financial services businesses can be particularly challenging in uncertain times. It is why we deliver a wide variety of financial services insurance products – from the traditional property and casualty insurance coverages all businesses need to specialized products attuned to the unique needs of companies in this important industry.
