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 AIG Australia > For Businesses > Management Liabilities > Financial > FinancialGuard™ Civil Liability
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What is it?
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Professional indemnity insurance on a civil liability basis
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Why do you need it?
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The activities of regulators, the changing distribution of financial institutions
products and a more informed and litigious consumer environment lie behind the increase
in the frequency of civil liability claims against financial institutions.
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Financial institutions are now facing claims from different angles, such as breach
of confidentiality or breach of copyright, and claims are also being received from
claimants to whom financial institutions were not aware that they had a duty of
care - such as overseas visitors to financial institutions' web sites.
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Our Civil Liability product provides blanket protection against the financial consequences
of a legally enforceable obligation in which a civil liability is incurred arising
from services provided. Covers includes defence costs and civil penalties.
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Who needs it?
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All Financial Institutions including Banks, Building Societies, Investment Management
Companies, Insurance Companies and Stockbrokers.
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Case Studies
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If you would like to find out more about how this type of insurance can protect
your business please contact your insurance broker.
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Find out more
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 Civil Liability Insert.
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Civil Liability Summary.
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Contact us
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