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Professional & Financial Lines

Financial Lines

Financial lines and commercial crime claims present complex challenges which need to be managed sensitively as they can impact the financial stability of a business and affect its reputation.

Our adjusters have extensive expertise in handling financial lines claims around the world, coupled with in-depth knowledge of policy covers and a comprehensive understanding of the requirements of UK and international markets.

The team handles claims in the following areas:  

 

  • Bankers Blanket Bond (all insuring clauses)
  • Financial Institution crime covers
  • Commercial crime
  • Fidelity guarantee
  • Cash in transit losses
  • Vault & safe deposit box losses
  • Electronic and computer crime
  • ATM and plastic card
  • Financial institutions errors & omissions (FIPI)
  • Directors & Officers
  • Cyber Crime

Our international network of offices means that we can operate effectively across different jurisdictions. Our team is multi-lingual with expertise across many professional disciplines, including chartered loss adjusters, information and communications technology specialists and experts in accountancy, fund management and corporate governance. We also work closely with legal representatives and external experts appointed by our principals.

Our reports are valued for their detailed comment into the circumstances and causes of loss, thorough analysis of policy and legal liability and comment on loss mitigation, recovery prospects and risk improvement.

Commercial Professional Indemnity

Professional indemnity claims can be highly complex involving disputes between professional providers and their clients. These require detailed understanding of the professional practice area to resolve disputes objectively.

We specialise in construction-related, engineering, information technology, surveying and food production professional indemnity claims. Our adjusters have professional backgrounds which are well matched to these sectors, including civil or structural engineering, surveying, chemical, mechanical and electrical engineering, IT software development and project management.

Our recent instructions include claims in the following sectors:

 

  • High speed rail construction projects
  • IT software projects
  • Design and build construction projects
  • Insurance broker claims
  • Engineering contracts
  • Railway design and operation
  • Food production engineering and process control systems
  • Web-based software design and website design
  • Marine surveys

Our international network of offices means we can respond effectively in many different jurisdictions to thoroughly investigate and report on the background and circumstances of each case and provide detailed analysis of policy coverage, contractual and legal liability issues. We also welcome and work closely with legal representatives and external experts appointed by our principals.

Our reports are valued for their detailed investigations into the cause of claims as well the extent of policy liability, coverage, recovery, reserving and guidance on risk reduction.

Key Contacts

Andrew Jackson
Managing Director – Technical & Special Risks (London)

Tel +44 20 7015 2056
Mobile +44 7979 850 240
Email andrew.jackson@ctplc.com

Stuart Allison
Director (London)

Tel +44 20 7015 2068
Mobile +44 7979 850 241
Email stuart.allison@ctplc.com

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