Generally, financial institutions operate based on multiple and complex rules, laws, and regulations. This increases the institution's chances of incurring a loss and facing lawsuits.
A small amount of lethargy, misinterpretation, or poor/faulty service can negatively impact your business, employees, brand, and could result in a claim against your company. Therefore, it is essential to have appropriate insurance to meet your needs. Protect yourself and your business with our professional indemnity insurance for financial services.
Explore the benefits of PI insurance for financial services:
Most PI insurance policies for financial services cover the following:
Though PI insurance is not legally mandatory, many companies deem it essential as it will keep you protected against unexpected risks. The benefits of having your company covered for professional indemnity for financial services are: