Insurance for Other Financial Services

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Frequently Asked Questions

Why do Financial Services need insurance?

Establishments in this industry provide alternative forms of credit and financial services including real estate as collateral, home equity credit lending, collateralized goods, special purpose investment vehicles, investment clubs, mineral royalties, pawnshops, unsecured cash loans, and credit card issuing. Companies can include those whose services are in real estate, sales, and consumer lending.

Your business needs insurance to protect against the many risks that you may encounter. This makes sure that you can survive a lawsuit when it happens, pay medical expenses as needed, as well as any other incidents and the related costs that arise. Insurance can cover all these and offer a peace of mind knowing that you won't go bankrupt when a lawsuit or other large expense happens.

What risks do Financial Services face?

Here are some potential risks that financial services may face:

  • Your financial services made an error in a client's data file, costing them a lot of money. The client blames your business for the loss, and they file a lawsuit against your business.
  • One of your computer's hard drive was stolen. Personal information, customer information, and other important data were leaked publicly. Clients may then sue your business for a data breach.

How much does insurance for Financial Services cost?

The cost of insurance for other financial services is calculated by the size of your business, the number of employees you have and the coverage required. To find out the cost of your insurance fast, simply apply online to get a free quote in less than five minutes.

Are You Ready to Get Covered?

Prefer to speak with a CoverWallet consultant? Call(646) 844-9933