Financial Lines and Casualty Practice
At Anviti, the Financial Lines and Casualty Practice creates custom, proven solutions to protect clients’ businesses and people, in a world of constantly changing risks. The team provides strategic advice, placement, and service for simple and complex liability programs to companies who are taking proactive steps to effectively analyze, identify, and transfer their risks to a comprehensive insurance program.
Directors and Officers Insurance:
The policy offers coverage for Management Liability i.e. protects the personal assets of corporate directors and officers, in the event they are personally sued by the company, shareholders, employees, customers, creditors, competitors, government and regulatory authorities, or other parties, for actual or alleged “wrongful acts” in managing a company. Each D&O insurance carrier has forms that differ from their competitors’ and most policies are generally the subject of extensive negotiations. Anviti Insurance Brokers Private limited assists clients to put in place the broadest available terms and conditions with an appropriate insurance structure.
Errors and Omissions Insurance:
Given increasing litigation trends, every professional services firm can assume its practice to be immune from claims of malpractice or negligence. Errors and omissions insurance (E&O) or professional liability insurance protects companies and their workers or individuals against claims made by clients for inadequate work or negligent actions. Errors and omissions insurance often covers both court costs and any settlements up to the amount specified by the insurance contract. A customized E&O Insurance is vital for companies to avoid a substantial financial hit and even bankruptcy because of a large claim.
The traditional threats of robbery and theft have been overtaken by white collar crime events. Typical crime insurance claims involve employee dishonesty, embezzlement, forgery, robbery, internet or cyber fraud, funds transfer fraud, counterfeiting, and other criminal acts. The schemes and scams are extensive and take advantage of weak links in fraud risk management, audit, and compliance processes. With the increased sophistication of fraud risks, traditional Infidelity, Money or Transit Insurances are no longer effective risk transfer solutions.
Crime insurance protects a company from loss of money, securities, inventory, or other property resulting from fraud events.