Financial lines

Financial Lines include insurance solutions for businesses to protect against financial losses.

financial-lines

Financial Lines – what is it about?

Financial Lines encompasses insurance solutions for businesses to protect against financial losses. The term "financial lines" is a combination of "financial loss" and "insurance lines." Unlike traditional insurance products, personal and property damage are not covered under Financial Lines.

Traditionally, Financial Lines is closely associated with Directors and Officers (D&O) insurance, which is crucial for protecting executives and board members against personal financial liability in the event of alleged errors or omissions. It provides protection against potential financial losses and legal costs.

While the core product within Financial Lines remains Directors and Officers Liability Insurance, the field also includes a range of other policies such as:

  • Professional Indemnity (PI)  
  • Crime Insurance  
  • Employment Practices Liability (EPLI)  
  • Prospectus Liability  
  • Pension Trust Liability (PTL)  

This applies across all industries (both commercial and financial companies) and regardless of whether the entity is a public organization, private company, or publicly listed business.

Why is there a need for a specialist?

It is always recommended to seek professional advice from insurance experts specializing in Financial Lines. They can help identify the company's needs and ensure the most appropriate and effective coverage.

The Financial Lines market is complex.

  • Financial Lines insurance is of crucial importance for companies and their leaders; some of the insurances are still relatively new, complex, and highly non-standardized.
  • The legislative and legal environment is subject to constant change.
  • The insurances must not be worked with in isolation but in connection to the company's contracts, controls and procedures, general and personal risk management, etc.
  • The increasing trend in the number of injuries and significant losses requires experienced specialists who understand the risk and have insurance products "under control". Both when the insurances are taken out and when the damage occurs.

Financial Lines is a niche area, so without specialized assistance, the customer runs the risk of inadequate, deficient, or even incorrect insurance coverage.

We put a lot of effort into understanding the risk, negotiating and implementing market-leading insurance terms and ensuring our customers access to the leading insurance companies within the specific insurance areas.

Would you like to learn more about Financial Lines?

Howden provides specialized advisory services within Financial Lines, offering protection against potential financial losses and legal costs.

Are you considering becoming a client?

Contact Financial Lines Practice Leader, Esben Bundsgaard Pedersen, for a non-binding conversation about Financial Lines.

Esben is available:
Monday – Thursday: 10:00 AM – 4:00 PM
Friday: 10:00 AM – 3:00 PM

Call: +45 26 24 26 26  
Email: [email protected]