Financial Lines

Financial Lines

Liberty successfully delivers market-leading protection to a wide range of corporate entities and key employees.

Our highly experienced underwriters recognise that each business requirement is different and work with brokers and clients to arrange tailor-made solutions with the specific needs of the organisation or individual in mind.

Non-damage Business Interruption & Trade Disruption

The risks facing businesses have changed significantly in recent years with organisations increasingly reliant on IT networks, outsourcing business processes or operating with a just-in-time supply chain model.

At Liberty we take an innovative and flexible approach to protecting our clients’ intangible assets offering fast and creative specialist insurance solutions. Insurance coverage to protect earnings lost through the failure of some element of a business’ supply chain or a critical degradation to business activity. Coverage is increasingly important in an environment where there is greater time-critical dependence upon third parties, delivery of raw materials and components and a changing risk landscape not supported by traditional business interruption (BI) insurance.

Cover included for:

  • Physical risks to assets in transit
  • Marine/blockade risks
  • Political and regulatory risks
  • Supplier insolvency
  • Inability to manufacture (contamination/recall)
  • IT network failure
  • Loss of Intellectual Property rights
  • Lost reputation (and crisis management costs)

Cyber

The risks facing businesses have changed significantly in recent years with organisations increasingly reliant on IT networks, outsourcing business processes or operating with a just-in-time supply chain model.

At Liberty we take an innovative and flexible approach to protecting our clients’ intangible assets offering fast and creative specialist insurance solutions. Cyber Suite offers insurance coverage tailored to the challenges faced by a business over their increased dependence on IT networks, third party IT and business processing providers as well as the digital assets and private data they keep.

Cover included for:

  • Loss of or damage to digital assets
  • Non-physical business interruption and extra expenses
  • Cyber extortion and cyber terrorism
  • Security and privacy liability
  • Privacy regulation defence
  • Special expenses such as notification expenses, PR expenses and credit monitoring
  • Reputational harm

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Directors & Officers

As a leading insurer of Directors & Officers, we work closely with our broker panel and have the in-depth knowledge to provide creative solutions which meet the specific needs of the organisation or individual.

Our experienced teams have multi-lingual skills allowing us to give first class service no matter where the client is based. We underwrite business from a wide range of companies including Fortune 1000, FTSE 250 as well as small to medium sized organisations on a primary and excess basis.

Classes of Business

  • Directors & Officers Liability – protection for individuals for their liabilities as a director or officer of a corporation or financial institution
  • Pension Trustees’ Liability (PTL) – protection for pension fund trustees, employees and others with responsibility for company pension plans
  • Employment Practices Liability (EPL) – protection from claims arising from employment practice violations such as discrimination, sexual harassment and unfair dismissal
  • Commercial Crime – protection for companies against fraud, dishonesty or forgery by their employees or third parties
  • Public Offering of Securities Insurance (POSI) – protection for directors, officers and the company involved in issuing a financial prospectus from, for example, exposure to overstatement of revenues or misrepresentation of profit forecasts
  • Side A DIC – protection for individual Directors and Officers against losses not indemnified by their company that their traditional D & O policies do not cover – as well as providing liability limits exclusively for Directors and Officers

Line Size

  • USD 25 million (Euro 25m, GBP 15m, CHF25m)

Territories

  • Worldwide

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Financial Institutions

As a leading insurer in the Financial Institutions sector, we work closely with our brokers and have the knowledge to provide creative & considered solutions which meet the specific needs of the organisation.

Our experienced teams have multi-lingual skills allowing us to give first class service no matter where the client is based. We offer a wide range of products to financial institutions across the World (excluding US liability) on a primary and excess basis. Target risks include retail and commercial banks, investment managers, fund managers, private equity and venture capital, corporate finance, wealth managers, hedge funds and stockbrokers. We are also willing to consider investment banks, insurance companies, credit institutions, building societies, United States domiciled FI crime, stock exchanges and local branches of foreign banks.

Classes of Business

  • Bankers Blanket Bond
  • Computer Crime
  • Professional Indemnity/Civil Liability
  • Directors & Officers (including Side A DIC)
  • Public Offering of Securities Insurance (POSI)
  • Charity Trustees Liability
  • Pension Trustees Liability
  • Employment Practices Liability
  • Commercial Crime

Line Size

  • USD 25 million (EURO 25m, GBP 15m, CHF 25m)

Territories

  • Worldwide (excluding US liability)

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Intellectual Property

The risks facing businesses have changed significantly in recent years with organisations increasingly reliant on IT networks, outsourcing business processes or operating with a just-in-time supply chain model.

At Liberty we take an innovative and flexible approach to protecting our clients’ intangible assets offering fast and creative specialist insurance solutions.

Intellectual Property (IP) Infringement

Insurance coverage to indemnify businesses that are defendants in intellectual property (IP) litigation following allegations of infringement of another party’s IP rights (patents, trademarks, copyrights etc) or following a challenge to the rights or ownership of IP owned by the Assured. Cover included for:

  • Infringement defence legal costs
  • Infringement liability for damage awards and settlements
  • Contractual IP indemnifications
  • Contractual disputes
  • D&O indemnification

Intellectual Property (IP) Value

Insurance coverage to indemnify for lost profits on products, diminished IP portfolio value or reduced contract value as a result of:

  • Successful legal actions against the Assured’s IP, such as invalidity challenges
  • Government action discriminatory to the Assured’s IP rights

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Reputation

The risks facing businesses have changed significantly in recent years with organisations increasingly reliant on IT networks, outsourcing business processes or operating with a just-in-time supply chain model.

At Liberty we take an innovative and flexible approach to protecting our clients’ intangible assets offering fast and creative specialist insurance solutions. Insurance coverage for Reputation protects earnings following any short to mid-term reputational damage as a result of an adverse media report. Such a report may be factually correct or incorrect on an issue that is listed as a named peril in the insurance contract. Such issues underwritten are dependent on the business. Crisis management expenses also available.