PRODUCTFINANCIAL LINES INSURANCE

Financial Lines Insurance provides protection for businesses and individuals against financial liabilities arising from professional services, managerial responsibilities, and financial operations. It is specifically designed to cover non-physical risks, such as claims for negligence, mismanagement, or breaches of duty.

Financial Lines Insurance encompasses several specialized policies. Key types include:

Directors and Officers (D&O) Liability Insurance
- Coverage :
  - Protects directors and officers of a company against claims made for alleged wrongful acts in their managerial capacity.
  - Includes defense costs, settlements, and damages.
- Applications :
  Public and private companies, non-profit organizations.

Professional Indemnity (PI) Insurance
- Coverage :
  Protects professionals against claims for errors, omissions, or negligence in their services.
- Applications :
  Lawyers, consultants, architects, accountants, engineers, and medical practitioners.

Errors and Omissions (E&O) Insurance
- Coverage :
  Similar to Professional Indemnity Insurance, it protects businesses and professionals from financial losses due to service errors or failures to meet contractual obligations.
- Applications :
  IT service providers, financial advisors, and other service-based businesses.

Cyber Liability Insurance
- Coverage :
  - Protects against losses resulting from cyber attacks, data breaches, and other cyber incidents.
  - Includes coverage for business interruption, data restoration, and legal liabilities.
- Applications:
  Companies managing sensitive customer data or operating online services.

Employment Practices Liability Insurance (EPLI)
- Coverage :
  Covers claims arising from wrongful employment practices, such as discrimination, harassment, wrongful termination, or breach of employment contracts.
- Applications :
  Businesses of all sizes, particularly those with a large workforce.

Crime Insurance
- Coverage :
  Protects businesses against financial losses due to fraudulent or dishonest acts by employees or third parties (e.g., theft, forgery, or embezzlement).
- Applications :
  Financial institutions, retail businesses, and large corporations.

Fidelity Guarantee Insurance
- Coverage :
  A specialized type of crime insurance that protects businesses from employee dishonesty or fraud.
- Applications :
  Companies with high-value cash or asset handling.

PT. Tala Reinsurance Brokers

Graha Mustika Ratu, 6th Floor
Jl. Gatot Subroto Kav. 74-75
Jakarta 12870

+6221 830 6663

+6221 830 6662

talare@tala-re.com wearetalare