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Financial Institutions Risk Protector® (FIRP)

Financial institutions face significant management and professional liability risks.  Executive Liability’s Financial Institutions Risk Protector® (FIRP), an all-in-one solution, gives financial institutions cost-efficient, flexible protection tailored for their spectrum of management and professional liability risks.

Financial institutions can choose from up to five general and two industry-specific insurance coverages that can be combined into one comprehensive, effective insurance program with competitive retentions and premiums.

Feature and Benefits Back To Top
  • The five general coverages that are included in FIRP are: Directors & Officers Insurance, Employment Practices Liability Insurance with EPL Pak® Premier Training and Loss Prevention Resources, Fiduciary Liability Insurance, Employed Lawyers Professional Liability Insurance, and Security and Privacy Liability Insurance
  • The two industry-specific insurance coverages are Bankers Professional Liability Insurance and Insurance Company Professional Liability Insurance
  • Additional FIRP coverage highlights:
    - coverage that is non-cancelable by the insurer
    - coverage that is provided for the spouses, domestic partners and estates of covered individuals
    - coverage encompasses claims made against an insured party anywhere in the world
    - 45-day post-policy reporting window
    - policy does not exclude otherwise covered loss related to pollution for which the financial institution is not permitted or required to indemnify individual insureds
    - policy includes an optional one, two or three year extended reporting period
 
Marketing Materials Back To Top

Financial Institutions Risk Protector Brochure

Financial Institutions Risk Protector for Public Companies Highlight Sheet

Financial Institutions Overview Highlight Sheet

Executive Liability Value Proposition Highlight Sheet

Straight Talk on Escalating Risks for Officers and Directors in 2010
An article written by Lawrence Fine, Senior Vice President & Chief Technical Officer for Complex D&O/Fiduciary Claims, and Mark Curley, Senior Vice President for D&O Claims

D&O Seminar - October 2009
Leading representatives from the insurance, risk management and securities litigation community came together to discuss regulatory and economic issues, market trends and challenges during the 2009 D&O Seminar Series. 

Claims Back To Top

We have assembled a seasoned team of claims professionals who are experienced in managing some of the highest-profile D&O, E&O, employment practices, fiduciary, crime and technology cases in the industry, for entities of all sizes and across most industries-from Fortune 500® companies to not-for-profit organizations; multinational corporations to privately-held enterprises.
 
Our centralized in-house operation, positioned adjacent to our underwriting colleagues, allows us to facilitate prompt case resolution and the best possible claim outcomes. We offer access to some of the nation's leading law firms specializing in the defense of securities, employment practices, fiduciary and technology claims. And in the toughest environment, policyholders can count on our aggressive litigation strategies to defeat even the most formidable plaintiff's attorneys.

To report a claim please contact us:
Tel: 888-602-5246
Fax: 866-227-1750
Mail: Domestic Claims
c-Claim for Financial Lines
175 Water Street, 9 Fl.
New York, NY 10038

To follow up on an existing claim:
Tel: 888-602-5246

Download a claim form for submission.

To request loss runs, contact Broker Services at 877-867-3783

Application and Forms Back To Top

Financial Institutions Risk ProtectorSM Adobe Application (.pdf)
Application form for the Financial Institutions Risk ProtectorSM.

Bankers Professional Liability Supplemental Applications to Financial Institutions Risk ProtectorSM (.doc) 
Bankers Professional Liability supplemental application to the Financial Institutions Risk Protector®.

Financial Institutions Risk ProtectorSM Application Form (.doc)
Application form for the Financial Institutions Risk Protector®.

Financial Institutions Risk ProtectorSM Specimen Policy (.pdf)
Sample policy of the Financial Institutions Risk Protector®.