Every single industry has unique insurance needs, and the financial services industry is no exception. Oklahoma City, OK financial companies will find that financial services insurance can cover a range of perils, but what is and isn’t covered often depends on the policy you pick. <\/p>\n
Financial services insurance can cover errors and omissions insurance and directors and officers insurance in a single package. This coverage protects your business from lawsuits related to alleged employee mistakes, including claims related to loss from following your company’s advice or recommendations. It also protects your directors’ and officers’ personal assets in the event of a dispute, claim, or lawsuit. <\/p>\n
Cyberinsurance can also be included. It’s an integral form of protection since cyberattacks on the financial services industry are up a whopping 27% since 2024. Cyberinsurance covers the cost of paying a ransom, repairing your IT system after a breach, taking measures to protect against future breaches, informing customers, paying fines\/judgments, and covering legal costs. What’s more, the cyberinsurance coverage included in a financial services insurance package can include coverage for business email compromise and wire-transfer fraud.<\/p>\n
Financial services insurance doesn’t provide all the coverage your business needs. However, it does offer great value, covering a range of common perils that could derail your business or even permanently close it. Our team at Freeland Insurance takes pride in helping Oklahoma City, OK, financial service business owners find suitable insurance policy options, and we’re always happy to answer questions, give price quotes, and offer personalized advice so you can make informed decisions about your coverage options. <\/p>\n","protected":false},"excerpt":{"rendered":"
Every single industry has unique insurance needs, and the financial services industry is no exception. Oklahoma City, OK financial companies will find that financial services insurance can cover a range of perils, but what is and isn’t covered often depends on the policy you pick. What can Financial Services Insurance Cover? Financial services insurance can […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[27,10,21,7,6],"class_list":["post-330","post","type-post","status-publish","format-standard","hentry","category-insurance","tag-financial-services","tag-freeland-insurance","tag-insurance","tag-ok","tag-oklahoma-city"],"aioseo_notices":[],"aioseo_head":"\n\t\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t