• Bilateral discovery period offered as standard if the policy is not replaced
• Automatic cover for vicarious liability
• Insured persons are entitled to up to GBP 200 per day to attend court as a witness in connection with a claim Automatic cover for defamation claims
• Automatic cover for civil liability arising from the destruction, damage, loss, erasure or mislaying of documents: cover has no sub-limit
- Accident and Health
- AIG Combined
- Aviation
- Crime
- Crisis Management
- Directors and Officers
- Energy
- Environmental
- Financial Institutions
- Fleet Protector
- Kidnap, Ransom and Extortion
- Liabilities
- Lifeline Plus
- Major Accounts Practice
- Marine
- Mergers and Acquisitions
- Political Risk
- Professional Liability
- Property
- Risk Finance
- Risk Management
- Small Business
- Surety
- Trade Credit
Businesses
Insurance
Financial Institutions
- Accident and Health
- AIG Combined
- Aviation
- Crime
- Crisis Management
- Directors and Officers
- Energy
- Environmental
- Financial Institutions
- Fleet Protector
- Kidnap, Ransom and Extortion
- Liabilities
- Lifeline Plus
- Major Accounts Practice
- Marine
- Mergers and Acquisitions
- Political Risk
- Professional Liability
- Property
- Risk Finance
- Risk Management
- Small Business
- Surety
- Trade Credit
- CorporateGuard Hedge Funds
- CorporateGuard Approved Persons Insurance (Financial Institutions)
- CorporateGuard Civil Liability (Financial Institutions)
- CorporateGuard Comprehensive Crime Insurance (Financial Institutions)
- CorporateGuard Directors and Officers Insurance for Financial Institutions (SEC and non-SEC)
- CorporateGuard Employment Practice Liability Insurance
- CorporateGuard Investment Management Insurance
- CorporateGuard Pension Trustee Liability (Financial Institutions)
- CorporateGuard Public Offering of Securities Insurance
- CorporateGuard VC Protector
- Credit Card Insurance (Financial Institutions)
The AIG Building
-
58 Fenchurch Street
London EC3M 4AB
United Kingdom -
Tel: +44 (0)20 7954 7000
Fax: +44 (0)20 7954 7001 - Email: marketing.uk@aig.com
- Go to AIG UK Limited
CorporateGuard Civil Liability (Financial Institutions)
Overview: Professional services insurance on a civil liability basis for the financial institution, all its employees and others for whom it is vicariously liable.
Who is it for?: All financial institutions including Banks, Hedge Funds, Insurance Companies, Building Societies, Fund managers, Investment managers, Stockbrokers, Venture Capital firms and Finance Companies. Protects: The company and its subsidiaries including those created or acquired during the policy period, provided they meet pre-determined criteria / Anyone for whose acts the insured are responsible, including full, part time or temporary employees and approved persons of the company and subsidiaries / Automatic cover for domestic partners, administrators and executors.
Additional Features: Additional value-added risk management services, including pre-loss regulatory and governance advice, including DLA loss avoidance and mitigation package.
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Cover
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- Triggered by official investigations, proceedings or any claim for a legally enforceable civil liability to third parties arising from professional services. In the past, this extent of cover has generally only been available to the very largest financial institutions
- Full cover for individuals attending an official investigation without the need for any allegation of a wrongful act (cover subject to a sub-limit)
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Civil liability is comprehensively defined Wrongful acts comprise any act, error or omission arising out
of the provision of services by an insured or anyone for whom they are liable
Extensions Available
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