Today, we’re asserting the discharge of our subsequent insurance coverage applications: Coverage for Financial Services Professionals.
These professionals, together with accountants, bookkeepers, and tax preparers, typically face varied dangers as a result of fixed navigation of numbers, rules, shopper wants, and cyber criminals. Today, we’re excited to introduce a transformative answer – our Financial Services Insurance Programs – designed to raise monetary companies professionals’ safety and peace of thoughts.
Built on Embroker ONE, Financial Services Professionals can now take pleasure in an industry-tailored, single-application expertise for his or her skilled legal responsibility, cyber, and enterprise house owners’ threat wants.
Understanding the Unique Needs of Financial Services Professionals
Recognizing that the monetary companies {industry} calls for specialised safety, our program is constructed to fulfill the rising wants of accountants, bookkeepers, and tax preparers. But, to take action, we would have liked to get to know this {industry} and its professionals profoundly.
Beyond our in depth market analysis, we surveyed over 200 professionals to know their challenges and the safety they honestly want. This direct suggestions loop has allowed us to tailor our choices to align seamlessly with their distinctive worries, dangers, and necessities.
Some of the information we gathered was hanging and helped us select our core insurance policies for this insurance coverage program. Here’s a few of what we discovered:
Professional Risk
- 46% of respondents have skilled a scenario the place an error or mistake of their work has resulted in monetary losses/penalties for his or her firm/shopper
- 72% of respondents who skilled an accounting work error reported both that both they or their firm have been held financially accountable
Cyber Risk
- 67% of respondents report having used their work laptop for private causes requiring getting into their monetary info, similar to procuring or ordering meals.
- If a cyber assault have been to happen, respondents admit that information could be in danger:
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- My shopper’s info – 35%
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- Company info – 23%
Employee Risk
- 38% of respondents consider they’re protected within the occasion of a wrongful termination swimsuit; 29% aren’t positive
- 54% are involved about layoffs throughout the monetary sector, following layoffs at main corporations
Insurance Knowledge
- 29% don’t know what sort of protection they’ve, of any form
- 24% consider their firm may do extra to guard their purchasers’ information
The Future of Financial Services Professionals Insurance
With the launch of our Financial Services Insurance Programs, we invite you to hitch a brand new period in accountant safety. The ease of a single utility expertise, insurance policies finely tuned to your career, and the arrogance that comes with complete protection. That’s what Embroker and our ONE platform has to supply.
Check out the total press launch right here.
And be taught extra about our Financial Services Professionals’ Insurance Programs right here.