Financial Institutions

Verita > Industries > Financial Institutions

Financial Institutions and Professional Services

Our commitment to the sector includes a focus on improving the traditional insurance carrier experience for customers in the asset management, banking, lending, insurance and professional services fields. With our in-depth knowledge of commercial banking and the mortgage lending and servicing process, Verita underwriters will help you navigate the complex cycle and identify the insurable exposures in the loan origination practices, collateral impairment, mortgage errors and omissions, forced-placed/foreclosure actions and trust department activities. From ergonomic injuries to reputational risk, we can offer insurance to protect your company’s balance sheet.

Benefits

Underwriting

  • By bringing a deeper, more comprehensive understanding of an insured’s risks, we are better positioned to help handle the unique insurance needs of our customers within the segments we service

Claims management services

  • Specialized adjustment teams with deep technical expertise in the industries we serve
  • Additional benefits include custom reviews of process/agreements with third parties

Loss control services

  • A comprehensive approach towards total account safety culture including training and development of safety plans and other industry specific control needs

Data capabilities

  • Using digitization and data intelligence to optimize the transfer of risk from our clients to insurers and capital markets

Lines of coverage (bespoke or package)

Verita will underwrite multiple lines of coverage tailored to the unique needs of the financial institutions and professional services industries.

Property and casualty (including):
Primary general liability
Umbrella/excess liability
Auto liability
Property
Environmental liability
Management and professional liability (including):
Directors and officers (D&O)
Employment Practices Liability (EPL)
Errors and omissions (E&O)
Cyber
Fiduciary
Fidelity
Property (including):
Quota-share and single-carrier placements on both primary or excess layers
All risk capacity including CAT
Crime

Target classes of business

Verita efficiently solves for the risk profiles of a variety of financial institutions and structures.

  • Banking and lending institutions (including credit unions)
  • Asset managers (hedge funds, mutual funds included)
  • Private equity
  • Venture capital
  • Investment advisors
  • Insurance companies

Available program structure offerings

Verita will provide solutions for a variety of financial institutions and professional services program types and needs.

Guaranteed cost and loss sensitive program structures including:

  • Small deductibles
  • Large deductibles
  • Self-insured retentions
  • Retrospective rating plans
  • Captive reinsurance facilities
  • Structured programs

Are you interested in a more comprehensive approach to insurance and risk?

Get in touch
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Verita CSG, Inc. (d/b/a Verita CSG Insurance Services, Inc. in the States of California and New York) (“Verita”) is a general agent with its principal place of business in Portsmouth, New Hampshire (CA license #: 0660690).  Verita underwrites insurance business on behalf of certain non-affiliated insurance companies subject to pre-approved underwriting guidelines. Verita is licensed as a property casualty insurance agency in all states in which products are offered. Availability and qualification for coverage, terms, rates and discounts may vary by jurisdiction. Policy obligations are the sole responsibility of the issuing insurance carrier.  Coverage under any insurance policy is subject to the terms and conditions of that policy and is ultimately the decision of the buyer.  Verita receives commission and/or additional compensation from its insurance company partners in connection with its sale of insurance to you.