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Financial Lines

 Sub Products

​​​The freedom to focus on what matters


Liability claims are expensive. Besides the legal and dollar cost of claims expenses, the potential damage inflicted by a liability claim on client relationships and a firm’s reputation is hard to quantify, but can be devastating.

Liberty Financial Lines provides your clients with the protection they need so they can focus on their business. We know the local business, the political and regulatory environment as well as the language, which means you receive a well informed and fast response.

Liberty offers a diverse portfolio of Financial Lines solutions, including:
  • D&O: Directors & Officers (D&O) Liability
  • E&O: Errors & Omissions (E&O) Professional Liability
  • EPLI: Employment Practices Liability Insurance
  • BBB: Bankers Blanket Bond
  • Cyber: Cyber Liability

Liberty Financial Lines Insurance: The Facts


Capacity:

  • Large capacity, up to USD 25 million
  • Liberty also offers reinsurance and direct capability, giving your clients the freedom to focus on what matters most to them: running their business. Our coverages are offered on a primary and excess basis.

Products:


Directors & Officers (D&O) Liability 

  • Coverage for public and private firms of all descriptions, including Fortune 1000, technology and financial services.
  • Custom-tailored policies for:
    • ​Publicly traded companies
    • Privately held firms
    • Real Estate Investment Trusts (REITs)
    • Private Equity firms
    • Investment Management Insurance (IMI)
  • Program Features:
    • International D&O coverage for companies domiciled outside of the U.S.
    • Side A Difference in Conditions (DIC) coverage – A non-rescindable, excess policy with broader terms to increase personal asset protection for directors and officers.

 

Errors & Omissions/Professional Liability ​​

 

 

  • Coverage for a wide range of industries:
    • Accountants
    • Architects & Engineers
    • Lawyers
    • Miscellaneous Professional Liability
  • Program Features:
    • Coverage available on a Primary or Excess basis
    • Prior Acts Coverage available

Employment Practices Liability Insurance (EPLI)

  • Program Features:
    • ​Wrongful Employment Acts, including most employment-related torts, means that separate endorsements are not required for most primary policy coverage.
    • Discrimination or harassment against a Third Party
    • Domestic Partner/Spousal coverage
    • Definition of claim includes monetary and non-monetary relief
    • Expanded definition of employee to include independent contractors
    • Worldwide coverage
    • Loss control services

BBB (Bankers Blanket Bond): 

  • Coverage for commercial and financial services accounts
  • Program Features:
    • Commercial Crime and Financial Institution Bonds offered on a monoline
    • Coverage includes Public and Private companies, Commercial and Financial Institutions and Not-for-Profit
    • Primary, Excess and Co-Surety limits
    • Worldwide Coverage
    • Coverage for ERISA plans subject to ERISA bonding requirements
    • Computer and Funds Transfer Fraud Coverage
    • Clients’ Property Coverage
    • No arrest and convict clause
    • All forms can be amended to suit each Insured’s unique requirements and specifications​

Cyber Liability: 

​​The product of choice for insuring and protecting employee, customer or third-party data

  • Capacity
    • ​​Up to USD 5 million
  • Program Features:
    • Very broad definition of Covered Personally Identifiable Information.
    • Specialist claims resources on the Data Breach Service Provider Panel provide a flexible approach to data breach response.
    • No prior consent required for Notification Costs if the LIU Data Breach Service Provider Panel is used.
    • Misappropriation of Covered Personally Identifiable Information is included in the definition of Privacy Breach.
    • Up to a $5 million limit of Notification Costs is available in addition to the aggregate limit.
    • No deductible applies to the services of the Data Breach First Responder.
    • Pre-claim assistance available to investigate the source of a potential privacy breach – outside limit of liability and no deductible applicable.
    • Full media liability, which has a broad definition including social media.
    • Deductible credit of up to $50,000 is available if a claim is resolved through mediation.
    • First party cover is available for network business interruption, network asset damage and cyber extortion.
    • Affirmative cyber terrorism coverage is available.

Liberty Financial Lines Specialists:

We know Latin America. Our team of dedicated financial lines underwriters and claims professionals are experienced in doing business across Latin America. We work in the region, and are fluent in Spanish, Portuguese and English. Each member of our team specializes in specific product lines, so that you benefit from:
  • Direct contact with an experienced underwriting professional who has the seniority and authority to make well-informed decisions.
  • Unique perspective: underwriting skill and business experience helps pinpoint particular risks.
  • Local claims handling in your home country by expert professionals dedicated to professional liability claims.
  • Risk management services proven to help minimize loss. You have access to a network of experienced professional liability, industry, legal, and technical experts.
  • The financial strength and stability of Liberty Mutual Insurance​, rated A (Strong) by Standard & Poor’s.

 

 

Liberty International Underwriters is the marketing name for the broker-distributed specialty lines business operations of Liberty Mutual Insurance. LIU utilizes Liberty Mutual Insurance Company to reinsure risks underwritten directly on local paper. In US territories, certain coverage may be provided by a surplus lines insurer. Surplus lines insurers do not generally participate in state guaranty funds and insured’s are therefore not protected by such funds. This literature is a summary only and does not include all terms, conditions, or exclusions of the coverage described. Please refer to the actual policy issued for complete details of coverage and exclusions.