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Financial Institution PortfolioSM by Chubb:
The Clear Solution for Your Larger FI Accounts
Imagine a flexible policy for your mid-sized and larger financial institution clients that is easier to read and negotiate — and that makes it easier to sell multiple coverages.
Chubb, a leader in the financial institutions marketplace for more than 40 years, now offers Financial Institution PortfolioSM — a modular package of coverages that also includes full access to Chubb's industry-leading loss prevention and crisis management services. Plus, the policy is backed by the financial strength and reputation for superior service of Chubb — the carrier you trust and your clients deserve.
What Is Financial Institution Portfolio?
Financial Institution Portfolio packages four critical coverages into a single, modular policy for financial institutions:
- Employment Practices Liability
- Directors and Officers Liability
- Fiduciary Liability
- Kidnap/Ransom and Extortion
Who Needs FI Portfolio?
You have told us how cumbersome it is to add endorsements to a policy to make it right for your client. We heard you and designed a policy to simplify sales to your FI clients. Financial Institution Portfolio meets the unique needs of your mid-sized and larger private and public financial institution clients:
- Banks and thrifts with more than $1 billion in assets
- Insurance companies and securities firms with more than $1 billion in assets
- Asset management companies
- Investment advisers with more than $10 billion in assets under management
- Other asset management firms that prefer to buy standalone towers of D&O, EPL or Fiduciary coverage (usually large publicly traded companies)
The Clear Advantages
- Flexibility of choice — Financial Institution Portfolio is modular, so your clients can select only the coverages they need, either separately or in any combination.
- Minimizes coverage gaps — This carefully integrated, portfolio-style policy eliminates potential coverage gaps that could exist when separate policies are purchased from different carriers.
- Industry-leading loss control — Your clients gain unlimited access to Chubb's state-of-the-art loss control services, including:
- The EPL Loss Prevention Program (including ChubbWorksSM). Purchasing equivalent services independently would cost a company up to $10,000.
- The Ackerman Group, Inc.'s expert crisis management services.
- One-stop shopping convenience — Financial Institution Portfolio complements Chubb's full suite of industry-specific products for financial institutions, including E&O, Cyber (crime and liability), Bond, and Property and Casualty.
Makes Your Job Easier
Financial Institution Portfolio saves you time and effort because we designed it to be:
- Easier to learn. It uses the same platform as EP Portfolio and Health Care Portfolio.
- Easier to negotiate. Many frequently requested contract changes are now built into the policy.
- Easier to sell. Your clients can select from multiple coverages depending on their needs.
In addition, submitting Financial Institution Portfolio business is easy when you use Chubb's eApplications and eSignatures functions.
Marketing Resources
Chubb can help you present Financial Institution Portfolio to your FI clients with several marketing brochures:
Contact Us
For more information about Chubb's clear solution for mid-sized or larger financial institutions, other Chubb products for financial institutions and the advantages of partnering with Chubb, contact your local Chubb branch today. Chubb is on the Web at www.chubb.com.
