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Financial & Professional
Marsh's FINPRO (Financial & Professional) practice has over 300 leading insurance coverage specialists, including professionals such as attorneys, economists, and CPAs, who specialize in a variety of financial products and who provide risk evaluation and financial solutions for a variety of industries.
In order to localize our FINPRO services, Marsh Ltd., Taiwan Branch has formally established a local FINPRO practice team. The team works closely with our global resources to find the best solutions to protect our clients' financial and professional risks.
Listed below is a summary of some of our major FINPRO products. Our FINPRO products are not limited to the following and some are tailor-made to meet client requirements.
Major FINPRO Products
This policy is to indemnify the directors and officers for their errors and omissions/wrongful acts in their capacity as directors and officers of their Company (including cover for Defense Costs).
A risk transfer mechanism by bankers. This insurnace covers a financial institution for losses resulting from employee dishonesty, theft of monetary property within premises or in transit, the receipt fo forged bank notes or valuable paper, facility damage by forced entry, etc.
These kind of insurance products are designed for today's e-Business risks.
The coverage parts include Liability, Property Damage, Business Income/Extra Expense and Crime. Multiple coverages could also be arranged due to clients' specific needs.
Kidnap & Ransom insurance is to cover the losses caused by detention, extortion, hijacking, and kidnapping. Covered Losses include the ransom or extortion demand expense itself, fees and expenses of a specified security consultant, plus additional expenses as defined in the policy.
It also provides access to specialist risk management information from security specialists.
Companies or individuals providing professional advice or professional services can be held liable for claims arising from errors or omissions committed by employees in the course of conducting business.
Professional Indemnity policies provide protection for claims brought against both the company and the principals, partners and employees. These policies can provide protection for: