For an optimal site experience, we recommend using a different browser.
Using Internet Explorer may prevent you from accessing Chubb.com, and some site features may not function as expected.
Bankers Professional Liability for Financial Institutions℠
In today’s competitive environment, banks and other financial institutions are introducing a broad range of new services that go beyond traditional banking operations. The more services you offer, the greater your chances are of being sued. Designed to address traditional banking exposures such as deposit-taking and loan-making, but easily adapted to address emerging fee-for-service exposures, this policy provides a total insurance solution for today's diversified financial institutions.
Coverage Highlights
Definition of customer includes named beneficiary of any account held by the organization’s trust department who is entitled to receive professional services
Insured persons include directors and officers or their equivalents outside the U.S. as well as full-time, part-time, temporary, leased, or seasonal employees, and volunteers
Protection extends to the assets of spouses or domestic partners of insured persons
Coverage for punitive or exemplary damages is provided under the law most favorable to the insurability of these damages, where permitted by law
Insured has right to choose counsel
Noncancelable by the insurer except for nonpayment of premium