FINANCIAL INSTITUTIONS

Understanding your needs

Whether you are a Stockbroker, Fund Manager, Asset Manager, Investment Manager, Trust Company, Corporate Service Provider or other type of Financial Institution, Prime Professions can assemble the team with the expertise and knowledge you need to get the right Professional Indemnity Insurance solution. Your organisation requires specific strengths - and we tailor our services to those requirements. Every service we provide is bespoke and every solution we deliver is based on your organisation's needs.

Our Financial Institutions Division understands the challenging business and regulatory environment our clients operate in. We combine far-reaching industry knowledge and experience with a single focus - building client relationships that are based on trust.

We design insurance policies that are reliable, cost-effective and meet the exact needs of your business. From niche organisations to large international groups, each of our clients is a special case, and we make the challenges you face our own. When it's time for premium negotiations, we leverage our knowledge and market position to achieve the most favourable rates and widest coverage.

The types of organisations we can help include:

• Banks
• Corporate Finance
• Financial Service Companies
• Funds
• Fund Managers
• Hedge Funds
• Investment Banks
• Investment Managers
• Investment Trusts
• Pension Funds
• Private Equity
• Stockbrokers
• Trust Administrators
• Trust Companies

To find out more about working with us, please contact John Collier on 020 7173 2100 or email us

Professional Indemnity Insurance - The best partnerships result in the best solution

Financial Institutions operate in a complex business setting - one that's highly regulated and constantly changing. Professional Indemnity Insurance protects your business and employees against third party claims connected to negligent acts, errors or omissions and related legal costs.

Working in partnership, our Financial Institutions Division can guide you through all the options to find a solution that gives your business the right level of cover. Then, we negotiate with insurers on your behalf to achieve the best possible terms.

Comprehensive Crime - Delivering the best and most trusted coverage

Financial Institutions have potential exposure to crime, so a Comprehensive Crime policy can protect your organisation against everything from the infidelity of your employees and computer viruses to fraud connected to complex transfers and armed robbery. Commercial Crimes can cover the theft of your assets, including money and equipment by employees and third parties as well as digital crimes.

At Prime Professions, our Financial Institutions Division works with you to determine the exact scope of the policy you need. Our goal is to understand your business and plans for the future. With this knowledge, we can approach insurers directly to negotiate the broadest coverage and best rates.

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Directors' and Officers' Liability - Guidance where and when you need it

Directors and Officers of Financial Institutions need an additional indemnity insurance policy to protect their liability as decision makers against claims for wrongful acts. A standard Directors' and Officers' policy will pay damages, awards, settlements, investigating expenses and legal costs. These policies may be extended to include outside directorship liability. There's also a Directors' and Officers' policy to cover stand alone funds.

Policies like these can be complex. They can also be combined with a Comprehensive Crime and Professional Indemnity programme. The team at Prime Professions works closely with you to determine your needs. Our priority is to find the insurance solution that provides the broadest possible coverage.

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Unauthorised Trading - Protecting you from dishonesty

Unauthorised Trading Insurance will protect your business against employees charged with theft for improper personal gains under loans or trading situations.

At Prime Professions, we take these policies seriously and will work closely with your business to find the best insurance solution. We're experts in the field and we'll canvas the market to find a policy that's reliable and cost effective.

To find out more about what we can do for your business, please contact John Collier on 020 7173 2100 or email him directly by clicking here

Giving you exceptional support

Claims Management - support at every stage

Claims Management is an area where our in-depth industry experience can have a positive impact on final outcomes - our team always works closely with clients to achieve the best possible solution.

Insurer relations are one of our strengths and we are prepared to manage every step of the entire claims process. A well-managed claim may mean you remain with your insurer and avoid facing a substantial financial backlash. If legal mediation is required, our clients trust us to provide the best guidance and support.

Risk Management - improving your risk profile

We have a specialist risk management team that's well established in the industry. By looking at risk in terms of protecting your reputation, maintaining compliance and retaining customers, we can help you make changes that have a direct effect on the terms of your insurance. You may need to follow processes more closely, adopt new software or change your appraisal system. Whatever it is you need to do, we'll help you make changes, train your team and present improvements in your risk profile to your insurer.