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Financial institutions

Solutions to help meet the unique risks you face.

Financial institutions are crucial to today's economy, providing money management services to help protect clients’ businesses and investments with an overall goal of making the economy more efficient. Consumers and commercial clients entrust financial institutions with their money and assets, and this in turn means financial businesses must be protected as well.

Insurance designed for the financial institution industry


By nature, financial organizations face many threats in a highly regulated industry. Markel understands these risks and provides dynamic insurance solutions to fulfill the unique needs of the financial sector.

Markel is committed to providing insurance solutions for financial institutions of all sizes. We have a broad underwriting appetite to help meet the needs of a variety of financial institution companies.

Asset management companies

Mutual funds, hedge funds, private equity funds, venture capital funds, pension consultants, financial planners, family offices, and more.

Investment advisors

Traditional registered investment advisors, municipal advisors, registered funds, us-based non-depository lending intuitions, non-bank trust, registered investment advisor with firm exposure, and more.

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Insurance companies

P&C insurers, life insurers, reinsurers, mortgage insurers, title insurers, and more.

Banks

Money center banks, super-regional banks, regional banks, community banks, and more.

Other financial institutions

Non-depository lending companies, community development financial institution fund, housing finance authorities, mortgage REITs, broker-dealers, FinTech, exchanges, and more.

Markel offers specialized coverage designed to help protect financial institutions from the unique industry risks they face. Some coverages available include*:

Errors & Omissions (E&O) liability

Offers insurance against claims resulting from alleged negligent acts, errors, or omissions in connection with the professional services being rendered.

Directors and officers liability

Offers insurance protection for the personal assets of directors and officers and their spouses, in the event they are personally sued by investors, competitors, employees, vendors or other parties for wrongful acts.

Employment practices liability

Coverage against employment-related exposures customized to fit each firm's needs.

Commercial package

Customized and account solutions for a wide-range of financial establishments, including property, casualty, auto, excess and workers compensation.

Workers compensation

Our robust workers compensation coverage helps with expenses resulting from on-the-job injuries for financial institutions of all sizes.

Financial institutions bonds

Financial institution bonds can provide coverage for losses resulting from a crime event such as employee theft, fraud or forgery, theft from property and impersonation fraud.

Cyber and social engineering

Helps safeguard businesses before, during and after a cyber-attack.

* Coverages offered vary and may not be available to all risks.

From Main Street to Wall Street

Connect with us to find the right mix of coverages for your business.

Why is financial institutions insurance important?


People entrust financial institutions with their money and assets. With this major responsibility comes substantial risks. Financial institutions must protect their assets from threats that can cause catastrophic damage to an institution and their clients’ financial portfolios. And should the unexpected happen, our experienced claims team is focused on helping you get up and running as quickly as possible.

Reasons financial institutions need insurance:

Potential lawsuits
While insurance coverage doesn’t prevent lawsuits, it can allow financial institutions to do their jobs effectively without fear of repercussions.

Cyber-attacks
Recovering from a cyber-attack can be expensive and time consuming. Specialized insurance helps safeguard businesses before, during and after a cyber-attack.

Inappropriate investments and lack of diversification
Insurance protection may cover losses resulting from employee misconduct if clients feel their investments are not in their best interest or lack diversity.

Protect your reputation
A bad reputation can impact a financial institution's bottom line. Insurance helps protect against losses due to reputational damage.

unique like you

Every business has different coverage needs.

We meet challenges head on to find creative coverage solutions, reduce risk, or help recover from a loss.

  • Risk Solution Services

    We guide you through the maze of risks with customized solutions designed specifically for your needs.

  • Claims

    Find a sense of comfort knowing you have a team working in your best interest to help you get the most from your insurance protection.

  • Company responsibility

    Our dedication to a responsible, sustainable approach consistently reflects the guidance of our company compass, the Markel Style.