Our craft underwriters understand that corporate and personal assets need to be protected from potentially devastating losses. Whether you are a small-to-medium sized business or a Fortune 1000 company, our team will identify the bespoke insurance solutions to give you a peace of mind.
Please click on a specific product or line of business for more information.
Companies of all sizes, industries and geographical locations are a potential target for crime. A criminal act can go unnoticed and continue undetected over time or may only be a one-off event. Regardless, the resulting losses can be devastating. Our crime coverage reimburses clients for the financial losses caused by fraudulent activities by employees or third parties.
In today’s challenging business environment, management teams are more vulnerable than ever to lawsuits, investigations and other types of claims. The comprehensive market and product knowledge of our underwriters and their commitment to delivering enhanced service has led to our reputation for excellent working relationships and professional standards.
Businesses generally tend to underestimate the cost of dealing with employment-related charges. In addition to the cost of defending such claims, the financial consequences of employment-related losses can be devastating, should penalties be assessed or settlement determined. Allied World’s Employment Practices Liability (EPL) coverage provides protection for an employer and its employees against claims made by current, former or prospective employees for discrimination (age, race, sex, disability, wage, etc.), wrongful termination, sexual harassment, retaliation and other employment-related allegations.
Allied World’s Banker’s Blanket Bond (BBB) is designed to protect financial institutions against loss from dishonest acts of employees, burglary, robbery or theft, both on the premises and in transit.
Companies and individuals involved with sponsoring, administering or managing pension, savings, profit-sharing, employee benefit and health/welfare plans may be liable to the participants and beneficiaries for any breach of their fiduciary duties. In fact, the designated fiduciaries are not the only target of lawsuits; plan designers, administrators, asset managers, employers and the plan itself can all be liable. Furthermore, fiduciaries can also be held liable for the acts, errors and omissions of third parties who provide administrative and related services.
Our fiduciary liability coverage protects assets and covers the cost to defend against allegations of fiduciary misconduct, improper advice or disclosure, imprudent investments, breach of ERISA-imposed responsibilities, conflict of interest and negligence in the administration of a plan.
Allied World’s Financial Institutions team provides a full range of insurance products to clients across the globe, protecting businesses and their management against financial loss. With a beneficial dual platform in place, business is written on behalf of both the company and Lloyd’s Syndicate 2232. The underwriting team is experienced and has extensive knowledge of the insurance market, business classes and geographic regions. Allied World’s disciplined and long-term underwriting approach has resulted in Allied World being regarded as a committed insurance partner within the industry. Claims are serviced in-house, by highly qualified claims practitioners who possess excellent knowledge and deliver exemplary service levels. The financial strength, in-depth experience and commitment to service, all combine to make Allied World a prominent player in the FI space.
Companies and individuals involved with sponsoring, administering or managing pensions, savings, profit-sharing, employee benefit and health/welfare plans may be liable to the participants and beneficiaries for any breach of their fiduciary duties. In fact, the designated fiduciaries are not the only target of lawsuits; plan designers, administrators, asset managers, employers and the plan itself can all be liable. Furthermore, fiduciaries can also be held liable for the acts, errors and omissions of third parties who provide administrative and related services. Allied World’s Pension Protect coverage provides protection in the event of such claims being made.