Whereas the Comprehensive Crime policy covers a financial institution for direct financial loss of assets, the Professional Indemnity Policy covers a financial institution for liability to pay damages to third parties following an insured loss such as negligence.
The Policy is based on "tortious" liability and does not confer any indemnity for strict warranties or guarantees. Civil Liability forms are available in certain jurisdictions that have Statutes governing financial services.
We will offer Professional Indemnity insurance to those accounts for whom we write the Bankers Blanket Bond for. We also write investment managers, fund managers, venture capitalists, stockbrokers and the like on a stand alone basis.