Lender Liability

Lender Liability coverage protects against losses relating to extensions of credit, agreements or refusals to extend credit, loan servicing, or the collection or restructuring of any extension of credit.

Availability

Directors and officers are automatically covered under the D&O Policy.

Lender Liability coverage is extended to the financial institution via Broad Form Company Liability or the Lender Liability Endorsement. There are two Lender Liability endorsement options:

≡ The Standard Form covers suits brought by borrowers and guarantors only (no third-party protection).

≡ The Broad Form covers suits brought by borrowers, guarantors, and other third parties (e.g. other financial institutions, contractors, spouses, etc.).