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”:
Protects company directors and officers against personal losses if they are sued for alleged wrongful acts in managing a company.
Covers professionals against claims of negligence, errors, or omissions made while providing services.
Covers claims made by employees for issues such as discrimination, wrongful termination, or harassment.
Covers losses resulting from employee theft, fraud, or other dishonest acts.
Covers financial losses from cyberattacks, data breaches, and privacy violations.