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Financial Lines Insurance:
Your Key to Security and Stability in Business Life
In today's dynamic business world, companies and their management are exposed to a multitude of risks that can jeopardise not only their financial stability but also their reputation. Howden Financial Lines, as a specialised insurance broker, offers you bespoke solutions to safeguard the personal liability risks of executives and decision-makers.
The benefits of this protection are manifold:
Protection Against Financial Losses: Financial Lines insurance, such as Directors & Officers (D&O) insurance or legal protection insurance, shields company directors, supervisory board members, and senior executives from the financial consequences of breaches of duty, poor decisions, or criminal allegations in the course of their professional activities. Those who bear responsibility within a company are also legally in the spotlight – whether for actual breaches of duty or unfounded accusations. Our insurance solutions provide financial security against claims for damages (both internally and externally) as well as official investigations. This is particularly important in an era of increasing regulatory requirements and escalating liability risks.
Building Trust: Comprehensive insurance coverage strengthens the trust of customers, partners, and investors. Demonstrating that your company is protected against potential risks enhances your credibility and can provide you with a competitive advantage.
Expert Advice: Benefit from our extensive experience and the expertise of our employees, as well as our network of insurers, lawyers, and other specialists – and, if necessary, also in an international context.
Risk Management: Financial Lines insurance is an essential component of effective risk management. It helps companies and their decision-makers to identify potential risks early and take appropriate measures to mitigate them. This allows you to focus on your core business without constantly worrying about potential financial setbacks. Together with you, we identify industry-specific and individual risks and develop tailored insurance concepts.
Adaptability: The needs of companies are as diverse as their business models. Financial Lines insurance offers flexible solutions tailored to the specific requirements of your company. Whether you are a small start-up or an established enterprise, we find suitable solutions that cover your individual protection needs. Liability risks continue to evolve – both legally and economically. We support you even after the contract is concluded and continuously adapt your coverage to new circumstances.
Support in the Event of a Claim: In the event of a claim, our Howden experts actively support you throughout the entire process – from the initial report to communication with the insurer, coordination with legal advisors, and enforcement of your claims. We are here for you and take care of the details so that you can focus on your core business.
Unmatched Expertise – Over 30 Years of Innovation Leadership: Customer satisfaction is paramount at Howden. Therefore, our goal is to continuously improve. We incorporate the knowledge and experience gained from numerous claims into the further development of our insurance products. We also continuously monitor the legal, social, and economic environment. Ninety percent of all innovations in D&O insurance conditions in Germany can be attributed to Howden.
Financial Lines insurance is not just an option, but a necessity for any company operating in an increasingly complex and risk-laden environment. We provide your company and its executives with bespoke insurance coverage that offers security and stability.
Our Insurance Products
Financial loss liability insurance to cover defence costs and indemnification for claims against managers within the company.
Criminal legal protection insurance for managers and employees within the company. Insured persons are often at risk of criminal prosecution. Legal fees, especially in prolonged proceedings, can escalate to immense heights. This insurance is specifically designed for corporate officers and employees, covering defence costs in criminal and administrative offence proceedings.
Errors & Omissions insurance to cover claims for damages resulting from deficient services in the financial sector.
A combined product consisting of D&O insurance for financial services companies and Errors & Omissions insurance.
Protection of private assets against costs arising from the litigation risk associated with managerial duties. This product comprehensively covers the costs of defending against corporate liability claims and provides extensive protection even in cases of intentional breaches of duty. It is usually taken out in addition to D&O insurance to increase defence cost capacity.
The settlement of D&O claims can be prolonged and lead to disputes with the D&O insurer. This product ensures the legal enforcement of benefit claims from D&O insurance if a D&O insurer refuses or denies coverage. In such cases, coverage litigation legal protection covers the costs of a coverage lawsuit against the insurer.
Two-Tier Trigger (TTT) Policy – D&O insurance for supervisory board members, exclusively available for liability cases involving supervisory board members. Due to the two-tier board system, a different insurer from the D&O insurer must be chosen to ensure independence between the executive board and the supervisory board.
The TTT policy applies only in specific scenarios (triggers) where separate insurance for supervisory board members is required:
Exhaustion of the company's D&O insurance coverage limit
Disputes between the executive board and the supervisory board
Contestation of the company's D&O insurance
Special representatives under § 147 German Stock Corporation Act (AktG)
Compliance insurance provides protection against the cost risk of compliance investigations. If there are reasonable suspicions of a compliance violation in areas such as competition, IT, or corruption, the insurer covers the costs of internal investigations. The initiation of an official investigation is not required; rather, the resolution to conduct a compliance investigation triggers the insurance event.
Prospectus liability insurance for securities issuers. Issuing securities involves numerous liability risks. When placing securities on the capital market, the issuer is legally required to publish a securities prospectus, which should inform investors comprehensively and in detail about the opportunities and risks of the investment.
POSI (Public Offering of Securities Insurance) offers optimal protection against investor claims for the company and all natural persons involved in the issuance.
Individual, private D&O insurance to cover defence costs and indemnification for claims against individual managers with their own personal coverage limit.
D&O deductible insurance to cover the personal mandatory deductible of a manager under § 93 German Stock Corporation Act (AktG).
With personal criminal legal protection insurance, the manager receives individual advice and has their own contract, ensuring absolute control.
Employment contract legal protection insurance serves to protect managers against employment-related disputes. Employment contracts provide a basis for various disputes and risks. This product covers court and out-of-court legal costs in disputes arising from the employment contract.
Combined coverage of employment contract legal protection, criminal legal protection, and D&O contract legal protection (coverage litigation legal protection).
Whether you are a Managing Director, Board Member, or Supervisory Board Member – those who make decisions bear responsibility.
Our Financial Lines insurance solutions protect executives from the financial consequences of personal liability and ensure optimal defence against criminal allegations. This not only secures the management's ability to act but also makes a significant contribution to the financial stability of your company and the trust of investors, business partners, and other stakeholders.
With individual advice, excellent market access, and strong claims support, Howden Financial Lines stands by your side as an independent partner. This enables you to make bold decisions – with robust protection at your back.
Our Experts in this Sector
