Koosh Insurance · Specialized Risk Solutions / Industries
Financial Institutions
The trader whose authority exceeded their actual scope. The breach that exposed customer account data on a Saturday night. The board member named in a regulatory action three months after the fact. Financial institutions face a coverage matrix that no other industry contends with — overlapping regulators, technical exposures, fiduciary duties to customers and shareholders, and a litigation environment where everything ends up in court eventually.
Coverage
What this coverage includes
- Financial Institution Bond (FI Bond) — the foundational fidelity coverage covering employee theft, forgery, securities fraud, and computer fraud
- Directors & officers with FI-specific forms — broader than standard private-company D&O
- Errors & omissions for the institution and its registered representatives
- Cyber liability — financial services is one of the most-targeted industries
- General liability and commercial property for premises operations
- Workers' compensation
- Trustee and custodial liability where applicable
- Lender liability for the institution's lending operations
- Mortgage E&O for loan origination and servicing
Who Buys This
Who typically buys this coverage
- Community and regional banks
- Credit unions of all sizes
- Investment advisors and RIAs
- Broker-dealers
- Private equity and venture capital firms
- Hedge funds and family offices
- Mortgage lenders and servicers
- Insurance agencies and brokers carrying agents' E&O
- Specialty lenders — equipment finance, factoring, asset-based lending
Why Koosh
Why Koosh Insurance
Financial institutions sit in one of the most complex coverage environments in commercial insurance — multiple regulators, overlapping lines, and underwriting that requires actual financial-services expertise from the agent. Generalist placement leaves gaps that don't surface until the claim hits. Regulators don't ask whether the policy was adequate. They ask whether it responded. Make sure yours can.
FI specialty market access — programs built for community banks, credit unions, RIAs, broker-dealers, and specialty lenders.
FI Bond, D&O, and E&O coordination — the three foundational lines for any financial institution and they have to work together.
Regulatory defense provisions — we surface the differences in how each carrier handles investigations and subpoenas.
Cyber for financial services — broader funds-transfer and regulatory coverage, integrated with FI Bond.
Prior-loss positioning — institutions with cyber, fraud, or regulatory history get the careful market positioning they need.
Renewal market discipline — FI markets shift quickly, especially for community banks and specialty lenders.
FAQ
Frequently asked questions
This page provides general information about Financial Institutions insurance and is not a substitute for tailored advice from a licensed insurance broker. Coverage availability, terms, exclusions, and pricing depend on your specific business operations, location, claims history, and carrier underwriting. Contact a Koosh Insurance broker for a personalized consultation. Koosh Insurance — License #L135215.
Get a quote for Financial Institutions
Talk to a licensed Koosh broker. We'll review your specific situation, source quotes from appropriate carriers, and walk you through the coverage that actually fits your business.