BC Financial Institutions Insurance

Business insurance for financial institutions in British Columbia

Acera Insurance’s financial institution insurance team has years of experience in managing the risks of banks, credit unions, mortgage lenders, construction lenders, financial planners, stock brokerages and foreign exchange dealers. We understand the need for competitively priced programs, including coverage for direct losses to property, lost income and the timely replacement of assets.

Our liability programs provide protection of customer goodwill by insuring against third-party claims arising from your products and services. We also advise on the unique risks arising from providing professional financial advice, errors in administration and collateral asset impairment.

Our finance industry risk advisors will offer assistance in non-insurable areas as well. This includes supporting you with contract review, risk control for safety of premises and reviews of employee safety.

Our BC financial institution liability insurance solutions include:

• Claims management assistance and advocacy to smooth customer goodwill, settle claims quickly and maintain strong insurer relations
• Competitively priced property programs covering buildings, equipment, data processing equipment and related contents on site or in transit
• Liability programs providing protection from customer incidents on premises and claims arising from security protecting customers and the premises
• Loss of income programs for business interruption as well as expediting expenses to quickly reopen
• Professional liability programs for financial advisors and stock brokerages as well as executive protection for directors and officers
• Collateral loan/mortgage impairment programs
• Environmental protection programs for real estate lenders
• Employee group health and benefits programs
• Directors and officers, employment practices liability and fiduciary liability programs
• Cyber and privacy insurance
• Financial institution bonds and crime insurance designed for operations with large cash exposures and irregular limits on premises or off premises

D&O insurance for financial institutions: Protecting your key personnel

Directors, officers and other key personnel face increased risks from rapidly changing conditions in the financial industry. Insurance is playing a more critical role in protecting a financial institute’s key personnel, reputation and bottom line from expensive legal litigation. Our commercial insurance brokers constantly stay up to date with the changing conditions within the sector. They can help you choose the best insurance protection, backed with the responsive quality service you need when faced with an unexpected loss or lawsuit.