Bankers PL
Offered by Chubb Group
Financial Institutions Bankers Securities Broker Banks Professional LiabilityDescription
Services and some of the corresponding exposures that may be addressed by Endorsement include:
- Securities broker dealer, which has exposure to allegations of misleading sales practices and documents, improper advice, "unsuitable" customer products, inadequate disclosure, failure to execute trades properly or conflicts of interest;
- Insurance agents or insurance brokerage which has exposure to allegations of conflicts of interest, misleading sales practices, improper coverage advice, errors in placing insurance coverages and in errors determining proper coverage or coverage limits, or failure to report all insureds to the carrier;
- Lending liability, where there is exposure is to breach of contract, violations of the Truth in Lending Act, failure to grant a loan after leading a customer to believe a loan would be granted, interference with a customer's business, or wrongful foreclosure on a loan or the repossession of collateral;
- Data processing services where there is exposure to errors in coding or in routing processed checks.
Primary aggregate limits reach $15 million. Excess limits of up to $10 million are available in layered programs of $100 million. Deductibles typically exceed $100,000.
Carrier Information
Chubb
Admitted
Non-Admitted
Rating A++
Rating By A.M. Best
Offered By
Availability 44 states
Covered
Not Covered