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Financial Lines
Please find below short descriptions in alphabetical order of products we are specialized in.
Financial Lines are Insurance Policies covering financial losses and costs. Financial losses are such damages which are neither personal nor property damages nor consequential losses therefrom. Consulting Service regarding these Financial Lines is better done if they are put into a single unit. Up to now this product combination still is an exception within the German insurance market. At German Insurers and Brokers you might find the Financial Lines spread over the Casualty-, Credit-, E&O- and Legal-Expense-Insurance-Departments which are separated from the “D&O-Department”. Employment Practices Liability Insurance, Pension Trustee Liability Insurance, Warranties & Indemnities Insurance and Kidnap Ransom and Extortion Insurance might not be offered. Employment Practices Liability Insurance as a German product wasn’t offered before 2006. Until 1998 Kidnap Ransom & Extortion Insurance was not permitted.
Within the USA and in Great Britain this combination of Financial Lines in a single unit is quite common. Claims which trigger D&O-, E&O-, Crime- and Legal-Cost-Insurance-Policies at the same time happen. Then it becomes obvious, that this requires an organization rather in one than in four Departments. As well confidentiality can be better protected this way. Therefore we look at all Financial Lines and do not only care about the D&O.
The purpose of these products is briefly outlined in the following:
- Bankers Blanket Bond, BBB
- Crime Insurance, Commercial Crime Insurance
- Commercial Criminal Defense Cost Insurance
- Directors & Officers Liability Insurance, (D&O)
- Directors & Officers Deductible Insurance Policy
- Directors & Officers Personal Policy
- Employment Contract Litigation Legal Cost Insurance
- Employment Practices Liability Insurance, (EPLI)
- Errors & Omissions Insurance, (EO)
- Excess Policy
- Fiduciary Liability Insurance
- Financial Loss Defense Cost Insurance
- General Equal Treatment Law Legal Expense Cost Coverage
- Initial Public Offering Insurance, (IPO)
- International Insurance Programs
- Kidnap, Ransom & Extortion Insurance, (KR&E)
- Multi Line Policies, Package Policies
- Outside Directorship Liability Insurance, (ODL)
- Pension Trustee Liability Insurance, (PTL)
- Professional Indemnity Insurance, (PI)
- Public Offering of Securities Insurance, (POSI)
- Representations and Warranties Insurance
- Side A D&O
- Top Manager Legal Cost Insurance
- Warranties & Indemnities Insurance, (W&I)
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