Management & Professional Lines Insurance
Our team has significant underwriting experience and the technical expertise to provide creative underwriting solutions. We currently write:
- Canopius XS Sapphire, a simplified follow form excess product:
- Directors & Officers liability and Side A DIC
- Employment practices liability
- Fiduciary liability
- Crime and fidelity
- E&O
- Miscellaneous professional, including consultants and other non-specialty professions
- Tech professional
- Lawyers Professional
- Accountants professional
- Cyber
- Canopius A++ Sapphire, a lead non indemnifiable loss and DIC policy designed for public, private and not for profit organizations
- Canopius Executive Sapphire, a Directors and Officers liability policy for public companies
- Canopius Private Sapphire, a management liability package policy inclusive of Directors and Officers liability, employment practices liability and fiduciary liability for private companies
Our market
Target risk
- Middle market to Fortune 500 commercial risk and financial institutions
Target customers
- Publicly traded firms with market capitalization of $100m and greater
- Privately held firms with revenues of $25m and greater
- Large not-for-profit organizations i.e. health systems and foundations
- Cannabis exposed businesses and supporting service providers
- Financial institutions:
- Asset managers with $100m+ in assets under management
- Insurance companies: property and casualty firms with B+ or better rating
- REITs
- Private equity firms
- Banks
- Professional firms:
- Miscellaneous professions with billings of $25m+
- Law firms with greater than 25 attorneys
- Accounting firms with annual revenues greater than $20m (excluding the ‘big four’)
- Design, architecture, and engineering firms of any size
We are fundamentally service-oriented and pride ourselves on building long-standing relationships with our brokers and clients.
Our policies are written on either Lloyds Syndicate 4444, Samsung Fire & Marine Insurance Company, or Canopius US Insurance Company – all offering strong financial security.
Carrier Partners and Financial Strength Ratings
- Syndicate 4444, shares the Lloyd’s ratings of:
- AA- (VeryStrong), Standard & Poor’s
- AA– (Very Strong), Fitch
- A (Excellent), AM Best
- Samsung Fire & Marine Insurance Company (US Branch):
- A++ (Superior) and AA+ issuer credit rating, AM Best
- AA- (Stable outlook), Standard & Poor’s
- Canopius Reinsurance Ltd
- A– (Excellent), AM Best
- Canopius US Insurance Company
- A– (Excellent), AM Best
FAQs
What is a Financial Line in Insurance?
Financial Lines Insurance refers to a category of Lines Insurance products designed to protect businesses, particularly financial institutions, against a range of financial and liability risks.
This type of insurance typically includes coverages like Directors and Officers (D&O) liability, Professional Indemnity, Employment Practices Liability, and Cyber Liability.
It’s essential for businesses to manage risks associated with financial transactions, professional advice, management decisions, and data security.
What is Professional Indemnity Insurance For?
Professional Indemnity Insurance, also known as Errors and Omissions (E&O) Insurance or a type of Financial Lines Insurance, is designed to protect professionals and businesses that provide advice or services.
This insurance covers legal costs and expenses incurred in defence, as well as any damages awarded in a lawsuit for claims of negligence, errors, or omissions in the professional services provided.
It’s crucial for professionals like consultants, accountants, and architects, as it safeguards against the financial repercussions of legal actions resulting from their professional conduct or advice.
What is the difference between Management Liability Insurance and Financial Lines Insurance?
Management Liability Insurance and Financial Lines Insurance differ in their focus and scope. Management Liability Insurance primarily shields directors, officers, and managers, along with the organisation itself, from legal claims stemming from management decisions, actions, or negligence. It commonly includes coverages like Directors’ & Officers’ (D&O) Liability, Employment Practices Liability (EPL), and Fiduciary Liability, addressing risks directly related to management roles.
On the other hand, Financial Lines Insurance encompasses a broader range of insurance products tailored to safeguard businesses, particularly financial institutions, against various financial and liability risks. While it includes Management Liability Insurance, Financial Lines Insurance extends to coverages such as Professional Indemnity (Errors and Omissions), Cyber Liability, and other lines of insurance specific to financial institutions’ needs.
Thus, while Management Liability Insurance focuses on management-related risks, Financial Lines Insurance caters to a wider array of risks faced by financial institutions and businesses alike.
