Financial Lines
What it is
Designed to cover specific, known legal risks identified in a transaction or structure. It allows parties to reduce or remove those risks from their balance sheet, creating greater certainty around completion and future outcomes.
In an M&A context, sellers can use contingent liability insurance to prevent identified legal issues from delaying or derailing a deal. Buyers can use it to ring fence a particular legal risk found in due diligence, strengthening their offer without demanding extra protection from the seller.
Directors & Officers (D&O) Insurance (Public & Private Companies)
• Protects directors, officers and senior management against personal liability arising from their decisions and actions in managing a company.
• Protects the company where it indemnifies individuals or faces entity-level or securities-related claims.
Management Liability Product (MLP)
• Combined protection for private companies and their leadership, covering directors, the business and its employees.
• Policies typically include D&O, Employment Practices Liability, Crime, PTL (Pension Trustee Liability) and corporate legal liability.
Professional Indemnity (Commercial PI)
• Protects businesses against claims arising from errors, omissions or negligence in the delivery of professional services.
• Essential cover where advice or services are relied upon by a business’ clients.
Financial Institutions (FI)
• Protects firms operating in financial services against regulatory, professional and management exposures.
• Policies can combine D&O, PI and crime cover within a single structure.
Speak to a specialist
Ariel Berman
Global Head of Financial Lines
Any further questions?