North America Financial Lines
Companies of all sizes and industries face complex risks in the course of doing business. Allianz Commercial offers a suite of financial lines insurance solutions specifically designed to address the liabilities of companies, managers and professionals in today’s increasingly litigious and demanding business world.
From specialist centers across the globe, we provide financial lines insurance for companies ranging from multi-nationals to smaller businesses – including a range of specialist solutions for Management Liability Commercial, Management Liability Financial Institutions and Professional Indemnity – as well as for individual directors and managers. We pride ourselves on our consistent approach and ability to meet the needs of our clients. We offer flexible limit deployment for corporations in more than 200 countries and territories through our Allianz Multinational program.
Aligned with customer needs, our services prioritize excellence. With a nationwide footprint, we provide optimal solutions through agile approach to customer service, industry-recognized claims team, and innovative Alternative Risk Transfer solutions.
“In the world of North American Financial Lines at Allianz, we take great pride in our underwriting experience and expertise. Our expanding legacy is rooted in assisting clients with tailored solutions for their intricate and constantly evolving risks. We specialize in delivering management and professional liability insurance products, catering to Commercial Enterprises and Financial Institutions of all sizes.”
Jarrod Schlesinger
Standard & Poor‘s
AA
A.M. Best
A+
Allianz Global Risks US Insurance Company Standard & Poor AA (6/26/23) and A.M. Best A+ (3/8/23)
Why is Coverage Important?
- Protects public and private companies, financial institutions, and professional service providers allowing D&Os and companies to focus on their business
- Protects personal assets and balance sheet
- Today’s society is increasingly litigious and defending litigation is expensive: Expert team at all levels of Underwriting, product development and product supply to help clients mitigate traditional and emerging risks
- Regulatory scrutiny and investigations regardless of size: More litigious and greater regulatory oversight due to increased compliance and ethical standards
Products
Management Liability Commercial
Commercial organizations like manufacturers, retailers, pharmaceutical companies, biotech organizations, and more face many challenges. The experienced underwriting team at Allianz understands the complex risks facing companies and its directors and officers and offers a suite of policies that provides market leading coverage to address the exposures facing both public and private companies.
- Allianz’s Comprehensive management liability insurance products provide market-leading coverage to address the exposures of Public, Private and not-for-profit companies.
- Supported by an experienced and dedicated claims handling team, our management liability products provide comprehensive and consistent insurance protection to our insureds.
- Directors & Officers Liability A,B,C including Side A DIC
- Employment Practices Liability
- Fiduciary Liability
- Crime
Primary and Excess USD 25 mn
- Directors & Officers Liability A,B,C including Side A DIC
- Employment Practices Liability
- Fiduciary Liability
- Crime
Primary and Excess USD 25 mn
Management Liability Financial Institutions
(MLF)
- Comprehensive suite of primary and excess policy offerings tailored to meet the unique needs of each Insured
- Capacity to meet limit requirements of Insureds of any size within a diverse spectrum of Financial Institutions
- Dedicated claims team and a sophisticated product development team, ensuring comprehensive and responsive services addressing the needs and challenges of different types of exposures
- Directors & Officers Liability A,B,C including Side A DIC
- Professional Liability (BPL, ICPL, & Asset Management)
- Employment Practices Liability
- Fiduciary Liability
- Fidelity Bond
Primary and Excess USD 25 mn
Professional Indemnity
- Robust and flexible protection for a variety of professionals including architects, engineers, lawyers, accountants, insurance agents, and other miscellaneous professionals.
- Best in class claims services managed by industry recognized claims leaders.
- Professional Liability limits of up to $15 million, backed up by industry leading financial strength.
- Specialty Professional Liability
- Miscellaneous Professional Liability
- Single Project Professional Liability
Primary and Excess USD 15 mn
Multinational Solutions
- Allianz Multinational can be tailored to provide the best security for your business and our Financial Lines clients can choose a customized solution.
- The business we write is tailored focusing on responding to risks across borders.
- Every program solution is supported by our extensive network, taking into consideration the complex exposures of Financial Lines risks worldwide.
Why Allianz Commercial
At Allianz we recognize and understand the unique challenges you and your business face. And as a leading global corporate insurance carrier, we have the nationwide network and expertise to help. Find out why we’re best placed to help with Financial Lines insurance solutions.
From Risk to Resolution
Read our Financial Lines success stories to learn how our Claims Team helped clients optimize business outcomes before, during, and after a loss.
A claim stemmed from the insured (an insurance agent) failing to tender a lawsuit for their client’s General Liability carrier, resulting in a seven figure default judgment against the client.
The claimant alleged the insured law firm improperly created estate planning documents which did not correctly appoint a trustee, potentially exposing the claimant to tax liability in the range of tens of millions of dollars (~USD$60 million)
Insights
The Allianz Risk Barometer ranks the most important risks businesses face for the coming year. Click below to access resources that assess emerging risks across countries, industries and sectors, providing businesses and professionals with insights to anticipate and manage potential challenges.
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Disclaimer: The material contained in this publication is designed to provide general information only. While every effort has been made to ensure that the information provided is accurate, this information is provided without any representation or warranty of any kind concerning its accuracy and Allianz Global Risks US Insurance Company cannot be held responsible for any errors or omissions. All insurance products are subject to the terms, conditions and exclusions contained in the individual policies. Please be advised that these insurance products are not available in every state or country.