Bankers Professional Indemnity Insurance


A professional indemnity policy provides cover to a financial institution in respect of its liability to third parties for claims made during the period which arise out of negligence committed by its officers and employees and which occur during the performance of their duty as an employee i.e. when providing a professional service to clients.

The standard policy covers the following:
The financial institution's liability to third parties for compensatory damages, which includes defence costs and expenses; which result in financial loss caused by a negligent act, error or omission and which arise out of the ordinary course of the provision by the Insured of financial services detailed within the proposal form (duly completed by the financial institution prior to the attachment of the policy).

Additional coverage is available to include:
Libel and Slander
Loss of Documents

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