Professional Liability

As a critical component of a bank’s overall enterprise risk management approach, ABA Insurance Services offers a full suite of professional liability coverage designed to meet the unique needs of banks operating in today’s complex business environment. Professional liability insurance (PLI) from ABA Insurance Services protects financial institutions, including banks, trust companies and in organizations, from claims brought on by clients.

 

Employment Practices Resources

Our Employment Practices Liability (EPL) coverage includes two important loss control services provided by the national law firm of Littler Mendelson to our EPL insureds:
  • Employment Practices Helpline. Call the Employment Practices Helpline to talk to an experienced employment law attorney from Littler about employee discipline and terminations, sick leave, attendance, harassment claims, conducting investigations, or other workplace or employment law issues. Littler's legal professionals are available to:
    • Guide you through the proper steps with respect to personnel actions;
    • Answer employment-related legal questions; and
    • Identify the best approach to investigate, document and resolve workplace issues/disputes.
  • www.HRriskmanager.com. This password-protected online library provides you with useful HR forms, employee policies, reference manuals and more—including bank-specific employee policies—all prepared by Littler attorneys.

 

Professional Liability Coverage and Marketing Resources

Professional Liability Coverage Summaries and Specimen

Notwithstanding any language to the contrary, nothing contained herein constitutes nor is intended to constitute an offer, inducement, promise, or contract of any kind. All coverage descriptions and claims examples are provided for informational and educational purposes only and are not a representation as to coverage for any particular claim and are not represented to be error free. Coverage for any claim is determined upon the specific facts of the claim, the terms and conditions of the policy and applicable law. For details on the coverage provided by your specific contract of insurance, please refer to your policy. Coverage is subject to underwriting guidelines and may not be available in all states. Limits may be capped for underwriting reasons. Any links to any sites which are not originated by ABA Insurance Services Inc. (ABAIS) are provided only as a courtesy and are not intended to nor do they constitute an endorsement by ABAIS of the linked materials.