Financial Services

Financial Services - At HFP, we understand, and respond by providing not only the deep coverages you need, but also unique, blended solutions that protect your firm across multiple exposures. Our Financial Services Department is composed of a dedicated group of individuals who focus exclusively on the needs of Financial Service institutions; Banks, Insurance Companies, Investment Advisors, Mutual Funds, Diversified Financial, Trust Companies, Finance Companies, Government-sponsored Enterprises, Investment Banks and other types of Financial organizations.  Financial Services now incorporates all aspects of asset protection, asset accumulation and asset management including mutual funds, insurance products and investment advisory operations. With this new blurring of the traditional lines, you need corporate insurance protections that address both the depth and breadth of your financial services company. 

D&O Premier Defense^sm - (Directors, Officers and Entity Liability for Public Companies)Public company directors and officers face an array of challenges, as they find themselves operating in an exceedingly complex environment.   Judicial and regulatory scrutiny over corporate governance has intensified and shareholder litigation continues unabated.   Corporate leaders demand formidable protection against personal liability and financial loss.  While strong governance practices can help reduce a company's exposure, an effective risk management program, including broad D&O coverage, is also essential.

The Hartford Priority Protection Plus^sm (Broad Form Non-Indemnifiable D&O Coverage) - The Hartford Priority Protection Plus^sm policy, also known as "Side A" coverage, protects individual directors and officers when they cannot be indemnified by their company. This state-of-the-art policy can be written as Broad Form Primary, Excess Difference-In-Conditions ('DIC'), or Independent Director-only (IDL) Coverage

Insurance Company D&O Liability and E&O - In today's complex and litigious environment, professional liability and directors and officers liability insurance is essential for sophisticated insureds, especially in the Insurance Industry.  Even companies with advanced risk management practices still require this coverage, as laws and regulations governing their business practices often change faster than their business can.  Professional liability insurance has become an increasingly important component in almost every business transaction, with decisions to award contracts often contingent upon the presence of such insurance from a highly rated and financially stable insurance carrier, such as The Hartford.

The Hartford Premier Asset Management Protection Policy^sm - The Hartford Premier Asset Management Protection Policy offers Insureds the ability to design coverage by electing all or any combination of Investment Adviser Professional Liability, Directors and Officers Liability, Investment Company Directors and Officers Liability and Investment CompanyProfessional Liability, and affiliated Service Provider Liability.  The Policy helps protect investment advisers, mutual fund directors/trustees and hedge funds against claims resulting from wrongful acts.

The Hartford Universal Excess ^SM Simplified Policy - In today's challenging environment, seamless excess coverage is particularly important for managing enterprise, legal and regulatory risks.  Businesses seek excess insurance coverage for added protection against the perils of large financial loss.  With severity of losses on the rise, it has never been more important to have “follow form” excess coverage.  Failure to build an insurance program with a quality excess policy can leave a client exposed to significant gaps in coverage and create potential liability for the broker or agent.