Financial Institutions Appetite
Zurich has a broad appetite providing insurance and risk management services for various types of financial institutions, with a focus on banks, credit unions, asset managers, and insurance companies and brokers.
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Insurance solutions include the following coverages:
Property Insurance
Zurich’s broad all risk property form addresses the exposures that financial institutions face including:- Technology Service Provider
- Flexible Extended Period of Indemnity Options
- Unintentional Errors or Omissions
- 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
- Broad personal property definition – Personal Property of others in your care, custody and control
General Liability
Coverage highlights that include:- Broad named insured (includes Partnerships, Joint Ventures, and LLCs)
- Automatic Blanket Additional Insured coverage
- Automatic waiver of Right of Subrogation and primary non-contributory wording
- Drive-through Automated Teller Machine (ATM) Property Damage coverage
- Expanded definition of Bodily Injury to include mental anguish, mental injury, shock, fright, or death
- Broad named insured (includes Partnerships, Joint Ventures, and LLCs)
- Automatic Blanket Additional Insured coverage
- Automatic waiver of Right of Subrogation and primary non-contributory wording
- Drive-through Automated Teller Machine (ATM) Property Damage coverage
- Expanded definition of Bodily Injury to include mental anguish, mental injury, shock, fright, or death
- Broad named insured (includes Partnerships, Joint Ventures, and LLCs)
- Automatic Blanket Additional Insured coverage
- Automatic waiver of Right of Subrogation and primary non-contributory wording
- Drive-through Automated Teller Machine (ATM) Property Damage coverage
- Expanded definition of Bodily Injury to include mental anguish, mental injury, shock, fright, or death
- Broad named insured (includes Partnerships, Joint Ventures, and LLCs)
- Automatic Blanket Additional Insured coverage
- Automatic waiver of Right of Subrogation and primary non-contributory wording
- Drive-through Automated Teller Machine (ATM) Property Damage coverage
- Expanded definition of Bodily Injury to include mental anguish, mental injury, shock, fright, or death
International 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
Workers’ Compensation
Flexible options that include:- Level and Variable dividend options
- Loss sensitive deductible programs
- Headcount retrospective options
- Pay-as-you-go payroll options
Management and Professional Liability
- Directors and Officers (D&O), Employment Practices Liability (SPL), Fiduciary Liability and Crime
- Professional Liability or Errors & Omissions (E&O)
- Cyber
Specialized Financial Services Coverages
- Foreclosed Properties
- Mortgage Protection Policy
- Trust Properties
- Repossessed Auto
- Contingent Auto Leasing