Insurance for Offices of Bank Holding Companies

This industry is made up of bank holding companies. These legal entities hold the securities of companies and enterprises so that they may own a controlling interest or influence management decisions.

Offices of bank holding companies need insurance to protect the business from the many known and unknown risks. Insurance ensures that when a risk occurs, like a costly lawsuit or medical expense, you won't have to pay for it out of pocket. The insurance will cover the expenses up to the limits you select. Your business and even personal assets are protected.

Bank holding companies control one or more banks. This makes them prone to a lot of unique risks. Below are some examples:

• A client slips and falls in your office. The client suffers injuries making you responsible for your client's medical care and also for your defense costs and court fees when your client files a slip and fall claim.
• Your office building floods. All your important documents, your computers, and other equipment are destroyed because of the flood.
• Your website has been hacked. This results in a leak of your customers' personal data like credit card and social security numbers.

There is no fixed amount for the insurance for offices of bank holding companies, but the cost of insurance heavily relies on the size of your business, the number of employees you have and the needed coverage. To know the cost of your insurance policy, you can apply for a free quote online or talk directly to our insurance experts.