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We provide market leading Financial Institutions Insurance solutions and cutting-edge risk management expertise. Our specialist team of experts can advise the best solutions to protect against emerging threats and relieve the ever-increasing pressure of regulatory scrutiny.
We will take the time to identify every risk exposure of your business then ensure adequate levels of insurance protection to mitigate those risks. Our Financial Institutions Insurance team will become your trusted advisers, always at hand to offer guidance and support as your financial operations evolve and regulatory requirements are revised and updated.
We provide insurance solutions to a range of financial institutions and organisations including:
We provide solutions from all the leading insurers & specialist Lloyd’s markets.
Tysers Risk Services is a practical and cost-effective solution, designed to help businesses of all sizes to manage their risk, through access to extensive Health & Safety and Employment Law advice and guidance.
Our specialist team anticipate your emerging risks & provide innovative solutions to mitigate those risks.
A sample of the main insurance covers we provide
We’ve included a concise explanation of each area of cover and how it works below. This is a small sample of the most common covers we provide, if the cover you require isn’t listed get in touch with our team.
We will always ensure you are covered for almost all situations, however if there’s a risk unique to you, please contact us and we will try to devise a bespoke solution to meet your individual needs.
Professional Indemnity Insurance typically covers a wide range of risks including professional negligence, errors and omissions in professional work, and loss or damage to client documents.
If you provide investment or financial advice and your service fails to meet the expectations of a client, you or your business may be faced with a claim of negligence and you could be held liable for any financial loss.
Professional indemnity insurance is highly advised for any business or professional in the finance industry, and is mandatory for some financial professionals such as financial advisers and accountants
Directors and Officer’s insurance covers a wide range of scenarios: from legal fees and damages awarded to claimants, through to the costs of legal representation throughout lengthy and expensive official investigations.
Claims where a director’s personal liability could be questioned may arise from investors or shareholders blaming the decisions of directors for their financial losses, or perhaps because of an investigation undertaken by regulators.
We understand that Financial Institutions must operate according to many stringent laws, rules and regulations which increase risks of potential litigation and consequent loss.
Increased focus from regulatory bodies (Bank of England, Prudential Regulation Authority and Financial Conduct Authority) will require that you protect your key personnel against any legal action taken directly against them.
Crime insurance protects against any dishonest acts of your employees including damage to your property, fraud or theft of a client’s property.
Crime insurance policies include cover for; financial transfer fraud relating to documents of value, payment instructions, securities and mortgage instructions. Crime insurance will also include; any fraud resulting in theft of money, securities or property via telephone, email, internet, extranet, or website and computer virus.
Cyber Insurance is designed to help financial intuitions offset the costs of data recovery after a cyber security breach, ransomware attack or similar event.
A comprehensive cyber insurance policy will cover you for the direct costs and liability to third parties following a cyber attack or breach. Policies often exclude financial or asset losses incurred by your business following an attack, however this can be covered by a crime insurance policy.
Warranties and Indemnities insurance provides the insured seller or buyer with cover for losses suffered from warranty breaches and claims under the general tax indemnity under a sale and purchase agreement.
A key advantage of Warranties and Indemnities insurance for a seller is that it limits its liability and offers a “clean exit” from an investment. Buyers use it to make their bids more attractive to sellers and to protect the value of their investment once deals are done.
Public Offering of Securities Insurance (POSI) protects a company and its directors against liabilities arising from offering the company’s securities for sale and listing on a public stock exchange.
Investors may claim the full value of their loss if the information in the prospectus is proved to be wrong, possibly years later.
A POSI policy offers bespoke cover for public offerings including initial public offerings and debt or equity rights issues. It specifically responds to the risks associated with the offering faced not only by directors, but also by the company and any controlling or selling shareholders.