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Bankers Professional Liability Insurance for Small Businesses
Bankers Professional Liability Insurance protects bankers and banking institutions against claims of actual or alleged wrongful acts, errors, omissions and failure to render professional services.  Commercial banks, saving banks and Savings and Loan institutions have increased errors and omissions exposures due to their complex financial services offerings.  These services include trust management, electronic data processing, wire transfer, real estate management and brokerage and security brokerage.  Due to the wide range of services, banks and loan institutions are more vulnerable to lawsuits. These lawsuits include failure to render professional services and commitment of errors and omissions.
Features and Benefits Back To Top
  • Provides payment for defense costs, settlements, judgments and other legal expenses
  • Covers claims brought against the insured anywhere in the world
  • Offers express coverage for loan servicing
 
Claims Back To Top

When a claim occurs, our goal mirrors that of our customer: To resolve it as quickly and fairly as possible. To achieve this goal, AIG Small Business draws on American International Companies' vast claims handling resources, including experienced claims specialists and the nation's premier defense attorneys, who have expertise managing even the most complex, sensitive claims and litigation.

To report a Bankers Professional Liability claim, download our claim reporting form and submit it via one of the following methods:

Mail: c-Claim for Financial Lines,
        AIG Domestic Claims, Inc.
        175 Water Street, 9th Floor
        New York, NY 10038

Fax: 866-227-1750
Email: c-claim@aig.com
For Financial Lines Claims Inquiries, email c-claim@aig.com

Applications and Forms Back To Top
Bankers' Professional Liability Policy Specimen(.pdf)
Specimen of the Bankers Professional Liability insurance policy.