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AXIS INSURANCE SERVICES, LLC: E&O Coverage for Financial Institutions

As a leading provider of Professional Liability insurance products, Axis Insurance Services, LLC provides financial institutions with custom policies in the event a customer holds you responsible for a service you provided, or failed to provide, that did not have the expected or promised results. Whether the claim has any merit or not, an Errors & Omission (E&O) policy will respond and help pay for legal defense costs, settlements, and judgments. E&O insurance also helps manage legal costs in responding to formal regulatory or administrative proceedings in connection with a financial institution’s activities.

Product Overview

An E&O policy for financial institutions can cover the following exposures:

  • Breach of agreed investment parameters
  • Breach of management contracts
  • Perceived underperformance
  • Lack of due diligence prior to investments
  • Alleged dishonest acts of employees
  • Incorrectly executed trades
  • Failure of internal risk control
  • Suitability of investments
  • Alleged mismanagement
  • Bad faith

What differentiates us from others is that we don’t provide cookie-cutter solutions to our clients. No two clients are alike and their E&O solution should reflect this. Our staff, with nearly 20 years in designing and placing Professional Liability coverage, can build a policy to include:

  • Proper policy and aggregate limits
  • Coverage for the insured business entity and its employees, directors, of­ficers and other agents
  • Automatic coverage for newly acquired subsidiaries
  • Regulatory investigations
  • Fines and penalties
  • Network security and breach liability
  • Extended reporting period – a designated time period after a claims-made policy has expired during which a claim may be made and coverage triggered as if the claim had been made during the policy period
  • Coverage may be extended to include lender liability, trust services or vicarious liability for services that a financial institution may provide through a third party

In addition to financial institutions, we can provide coverage for:

  • Insurance Companies
  • Registered Investment Advisors
  • Broker/Dealers
  • Hedge Funds
  • Activist Funds
  • Private Equity
  • Real Estate Investment Trusts
  • Real Estate Syndications

Learn about our product

PRODUCTS

Tail Coverage Insurance

For nearly two decades, the insurance professionals at Axis Insurance Services, LLC

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Professional Liability Insurance (E&O)

Professions

As specialists in Professional Liability insurance, Axis Insurance Services, LLC offers Errors & Omissions Liability insurance products to almost any industry

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Professional Liability Insurance (E&O)

Insurance

Just as managing a client’s professional liability exposure properly is critical, insurance agencies must also ensure that their own Errors & Omissions (E&O)

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Professional Liability Insurance (E&O)

Legal

As an attorney or law firm, you’ve been on both sides of the table: defending professionals and their work in disputes

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Professional Liability Insurance (E&O)

Real Estate

As one of the nation’s largest independent firms writing Commercial Real Estate E&O insurance, we provide a unique perspective in this risk.

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Professional Liability Insurance (E&O)

Technology

Errors & Omissions (E&O) insurance for the technology industry is designed to cover the financial loss to a company’s customer as a result of an error or omission

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Professional Liability Insurance (E&O)

Healthcare/Medical

The healthcare and medical sectors have undergone major changes in the last decade due to increased regulation and oversight

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Professional Liability Insurance (E&O)

Architects & Engineers

Architects and engineers are increasingly seeing more professional liability lawsuits today with allegations that an error or omission in the work

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Professional Liability Insurance (E&O)

Financial Institutions

As a leading provider of Professional Liability insurance products, Axis Insurance Services, LLC provides financial institutions

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Professional Liability Insurance (E&O)

Consulting

As a consultant, your clients look to you to provide advice and recommendations based on your expertise and years of experience.

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Professional Liability Insurance (E&O)

Media

Creators of media content produce and market everything from ads, scripted and reality television programs, films and newspapers to Internet articles and blogs.

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Professional Liability Insurance (E&O)

Mortgage Bankers & Brokers

Our Mortgage Bankers errors and omissions insurance (E&O) programs are specifically tailored to each mortgage banker or broker.

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Professional Liability Insurance (E&O)

Miscellaneous Services

It’s inevitable that at some point in a company’s lifespan an error will occur that will cause financial damage or loss to a client.

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Professional Liability Insurance (E&O)

Resources

Following is information for greater insight into the need for Professional Liability insurance and risk management:

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Professional Liability Insurance (E&O)

Claims Scenarios

Following are several Professional Liability/E&O claims representing different professions.

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Professional Liability Insurance (E&O)

Construction

Construction Professional Liability Insurance can provide coverage for firm in the event of a lawsuit brought against it for claiming negligence in providing

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Contact us about our tailored cyber liability
and privacy & network security solutions.

How can we help you?

Your E&O Protection Is On Our Agenda

Our mission is to help customers identify and prioritize their Professional Liability insurance needs, provide the most competitive coverage options available, and offer superior customer service. Each and every business has a distinctly unique set of products or services. We are committed to offering flexible and intelligent coverage solutions tailored to meet our customers’ needs. Put our experience and expertise to work for you. Give us a call at (201) 847-9175.

Your E&O Protection Is On Our Agenda
Agents & Brokers
Agents & Brokers

Please visit our wholesale website for PLRisk for applications for Professional & Management
Liability products for your clients.

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& Resources
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