The Necessity of Financial Institution Insurance
As the second largest city in Canada, the cosmopolitan city of Montreal and its nearly 2 million residents stands at the centre of finance for a vast geographical region. As the headquarters of the Montreal Exchange, the city takes a lead role in the business of equities, interest rates, currencies and other critical financial matters. In addition to the legal corporate offices of the Bank of Montreal and the Royal Bank of Canada, Montreal employs about 100,000 people in the financial sector. Quality options for financial institution insurance in Montreal keep this integral industry strong.
In addition to the many large finance companies in Montreal, hundreds of smaller institutions play an important role in supporting the vibrancy of the region. Small banks and lending institutions provide capital for many of the city's important festivals as well as a source of support for the film industry and gaming industry so vital to the city.
Just as important as business finances, residents in Montreal require the services of financial institutions to maintain a high quality of life. About 50% of residents own their home, with more than half holding a mortgage to pay in monthly installments. Our team at HUB International offers insurance instruments that protect the financial community in all of its forms.
Options for Financial Institutions Insurance in Montreal
All financial entities require a net of coverages to reduce exposure to unpredictable events. Many of these protections come from traditional insurance products that protect all manner of businesses. At HUB International, our brokers make sure you have robust coverage in the following general areas:
- Property coverage from storms and fires
- Fleet vehicle coverage, if necessary
- Commercial general liability
- Employee benefits and retirement
- Data breach insurance
Financial institutions insurance in Montreal also has added needs for specialized and complex coverages. These include protections for professional liability, cyber insurance, representation and warranties insurance, forced placement and insurance tracking, and lender's single interest and GAP protection programs.
Our team analyses risk across business operations and recommend cost-effective solutions. These strategies mitigate potential losses and protect your company in a changing and challenging business environment. Our strategic approach works for a spectrum of small and large financial institutions:
- Private equity and M&A
- Insurance companies
- Banking and lending institutions
- Investment firms
Help With Financial Institutions Insurance in Montreal
A partnership with HUB International brings many advantages to your company. We give you desirable options, helpful advice and powerful advocacy. Your company will have access to our vast information network, providing you with resources on safety management, employee programs and administrative efficiencies. You can expect these features when working with HUB:
- A dedicated account manager
- A team of experienced insurance professionals
- A network of expertise across North America
- A background in banking, investment and legal underwriting
Whether you spend most of your time helping local residents manage personal finance issues or you have an international agenda, our team can put together a sound policy for financial institutions' insurance in Montreal. Our tailored plans help you succeed. We offer personalized service that always puts our clients at the centre of everything we do.
This extends to protecting your directors and officers from lawsuits to making sure you can handle a sensitive data breach. Our cyber security coverage can help you recoup lost income, manage legal fees and navigate system repairs. We also provide assistance in the area of managing public relations after a data breach event.