Professional/Business Risks

Professional/Business Risks

Financial Lines in insurance refers to a category of insurance that provides coverage for financial risks related to the management, governance, and operations of a business. It typically includes policies designed to protect companies and their executives from financial losses due to legal claims or regulatory investigations.

Common Types of Insurance under “Financial Lines Insurance”:

Directors and Officers (D&O) Liability Insurance

Protects company directors and officers against personal losses if they are sued for alleged wrongful acts in managing a company.

Professional Indemnity Insurance (PI)

Covers professionals against claims of negligence, errors, or omissions made while providing services.

Employment Practices Liability Insurance (EPL)

Covers claims made by employees for issues such as discrimination, wrongful termination, or harassment.

Crime Insurance / Fidelity Insurance

Covers losses resulting from employee theft, fraud, or other dishonest acts.

Cyber Liability Insurance (in some contexts, included under Financial Lines)

Covers financial losses from cyberattacks, data breaches, and privacy violations.