Business Risk Partners extends its facility for financial institutions

0


WINDSOR, Connecticut – (COMMERCIAL THREAD) –Enterprise risk partners (BRP) today announced its expansion into the financial services industry with the addition of two hard-to-find specialist insurance coverages: various professional liability insurance for a wide range of lenders, advisors and financial entities as well as a comprehensive policy for registered investment advisers.

“Understanding the risks of the financial services industry has become difficult in recent years due to the changing regulatory environment, the evolution of technologies that include crowdfunding and cryptocurrencies, and the rise of alternative lenders, ”said Vincent Cisternino, a former financial services analyst who became an insurance underwriting specialist. manager who now leads BRP’s financial institutions practice. “These changes, along with the higher expectations of customers and investors of their service providers, have made litigation more common,” Cisternino added.

BRP’s miscellaneous professional liability product is offered to a wide range of institutions in more than 80 business categories, from asset-backed lenders to financial advisors, from financial technology companies to real estate investors. Backed by an A-rated operator, the policy offers up to $ 5 million in coverage for small and medium market businesses.

BRP also deploys D&O, E&O, EPLI, fiduciary, bond and cyber hedges for registered investment advisers. Broad coverage is available for many types of specialty investments, including REITs, limited partnerships, private placements, and merger and acquisition activity. Agents can customize the product to meet customer needs, securing all offers or selecting only a few.

The company already offers similar pay-per-view and packaged policies for banks and a wide variety of brokers.

“We are very excited about our facility’s offering as there are very few vendors currently serving this market. BRP is truly addressing a need that we believe our business partners are looking for, ”said Lisa Doherty, CEO and President of BRP.

For more information visit www.BusinessRiskPartners.com
or contact Vincent Cisternino at [email protected], 860-951-2838.

About Business Risk Partners
Founded in 2000, Business Risk Partners is a specialty insurer and program administrator committed to building long-term mutually profitable partnerships through superior service and teamwork.
In partnership with the world’s best carriers and using proprietary technology, BRP offers a wide variety of specialist professional liability, management liability, data / privacy breach and hybrid solutions to agents and brokers serving mid-market clients through nationwide. BRP’s underwriters are often praised for their ability to reverse complex risks within 24 hours. The proprietary technology enables real-time quotes, links, broadcasts and services and is considered by many to be one of the best in the business. A privately held company based in Windsor, Connecticut, BRP is the recipient of the prestigious Target Markets Program Administrators Association (TMPAA) Best Practice Designation. For more information visit www.BusinessRiskPartners.com.


Share.

Comments are closed.