Hiscox has launched a new suite of professional and management liability coverages for financial services firms across the U.S. The new platform, Hiscox FS, is an expansion of Hiscox’s current offering to financial services firms.
Hiscox FS provides financial services firms, such as asset managers and non-bank lenders, with coverage for various aspects of their businesses through a streamlined platform. Through a single, customizable policy, Hiscox FS gives firms the option to add additional protection against exposures beyond traditional insurance products for financial service businesses, such as technology professional liability, cyber privacy, miscellaneous professional liability and more.
According to Sean Hearden, vice president and Financial Services Product Head at Hiscox USA, financial services businesses, such as fintech and diversified real estate firms, are challenged to find coverage that addresses all aspects of their business operations, rather than just a part of it.
He added the Hiscox FS was designed to give clients coverage through a single policy and platform.
Hiscox USA provides a variety of specialty risk solutions, including professional errors and omissions, general liability, cyber and data security, media liability, management liability, crime, kidnap and ransom, terrorism and commercial property insurance products.
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