Berkley FinSecure, a Berkley Company, has launched Capital Shield, an insurance product that covers individuals for embezzlement of their invested assets.
The product has been launched with Capital Shield Inc. and Capital Shield Insurance Services and covers individual investors in the event that their asset manager or investment advisor embezzles their investment funds.
The financial protection of Capital Shield can cover a portion of or all of the risk to individual investors, who typically do not know they are exposed or have a strategy in place to recover stolen funds. Limits are available up to $10 million.
Capital Shield is underwritten by Berkley FinSecure. It is available as an added benefit to appointed agents of Berkley One, a Berkley Company. In addition, for non-appointed agents the product is available via its exclusive wholesale relationship with Capital Shield Insurance Services.
Based in Fort Myers, Florida, Capital Shield Insurance Services, owned by Capital Shield Inc., is a insurance wholesale distribution channel for people who want to protect their assets from embezzlement by their investment advisors, asset managers, fund managers, or other securities industry professionals.
Berkley FinSecure, a Berkley Company, offers comprehensive insurance products and personalized service to financial institutions. Bond, management liability coverages and all standard property-casualty lines are available as well as specialty products catering to mortgage lenders and trust managers. The Berkley Crime unit provides crime related insurance products to commercial organizations, financial institutions and governmental entities.
All products are underwritten on behalf of Berkley member insurance companies.
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