Financial Lines provides insurance solutions for businesses to protect against financial loss.

Our advisors have in-depth knowledge of both the insurance industry and the complex terms and conditions involved in insurance contracts.

Financial Lines - what is it all about?

Financial Lines provides insurance solutions for businesses to protect against financial loss. The term “financial lines” is a combination of “financial loss” and “insurance lines”. Unlike traditional insurance products, personal injury and property damage are therefore not covered by Financial Lines.

Traditionally, Financial Lines is closely associated with D&O insurance (Directors and Officers Liability Insurance) which is essential to protect executives and board members against personal financial liability in the event of alleged errors or omissions. It provides protection against potential financial losses and legal costs.

Although the core product within Financial Lines still is Directors and Officers Liability Insurance, the area also includes a wide range of other insurances such as:

  • Professional responsibility (PI)
  • Crime insurance
  • Employment practice liability (EPLI)
  • Prospectus liability
  • Pension trust liability (PTL)

This is regardless of industry (commercial companies as well as financial institutions) and regardless of whether they are public organizations, private or listed companies.

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Why is a specialist needed?

It is always recommended to seek professional advice from insurance experts who specialize in Financial Lines. They can help identify your business needs and ensure the most appropriate and effective coverage.

The Financial Lines market is complex

  • Financial Line’s insurances are crucial for companies and their executives; some of the insurances are still relatively new, complex and very little standardized
  • The regulatory and legal environment is constantly changing
  • Insurance should not be worked on in isolation but in conjunction with the company’s contracts, controls and procedures, general and personal risk management, etc.
  • The increasing trend in the number of claims and significant losses requires experienced specialists who understand the risk and have the insurance products “under control”. Both when insurance is taken out and when the damage occurs.

Financial Lines is a niche area, so without specialized assistance, the customer runs the risk of inadequate, incomplete or even incorrect insurance coverage.

We work hard to understand the risk, negotiate and implement market-leading insurance terms and ensure our customers have access to the leading insurers in their specific insurance areas.

Want to learn more about financial lines?

NORTH provides specialized financial lines advice that provides protection against potential financial losses and legal costs.

Thinking about becoming a customer?

Contact Financial Lines Practice Leader, Esben Bundsgaard Pedersen, for a no-obligation chat about financial lines.

Esben can be reached Mon – Fri 9 – 16.

Call +45 2624 2626
Write to [email protected]