Our risk management strategies help Financial institutions drive continuous innovation, endure future challenges, and achieve ambitious growth objectives. We work alongside our clients to help extend your current insurance program's capabilities, optimize your risk spending, close coverage gaps, manage exposures, and find new growth opportunities. Our Finance risk management program offers comprehensive insurance management services to help your organization carry out its mission and mitigate the risk exposures your institution experiences. Some of the critical challenges the Finance industry must address include the following:

• Cyber risks pose a threat to the financial industry; as new technology continues to disrupt the industry and more financial transactions are conducted online, data breaches and other forms of cybercrime increase.

• Employment practices increase an institution's liability risk. Wrongful termination and sexual harassment claims can put a firm in serious financial distress. Implementing strong internal controls and procedures alongside comprehensive insurance coverage is crucial to protect organizations from loss.

• Errors and omissions allegations made by clients can lead to costly lawsuits. Claims of negligence, service errors and omissions increase financial professionals' risk exposure.

• Business interruption risk occurs when financial firms cannot conduct business due to an insured event. This can significantly impact an institution's bottom line and is essential for any risk management program to have this coverage.

• Third-party risks and accidents can be devastating. Hiring subcontractors help expand your business, and transferring risk to the appropriate party can help protect your business from subcontractor negligence. It is crucial for any Financial service business to have sufficient liability coverage for subcontractor negligence.