Benefits of Financial Institutions Insurance in Quebec City
Known as the Insurance Capital of Canada, Quebec City is home to the corporate headquarters of 10 financial services and insurance companies. These companies have a long history in the area and are supported by a talented pool of professionals who are passionate about their work. Businesses in the area's financial services industry can benefit greatly from financial institutions' insurance in Quebec City.
The relationships between the various educational institutions, research centres, and financial services and insurance companies in Quebec City provide a boost to the industry's ability to create innovative programs. These groups have been working together since 1975 to improve expertise and support emerging insurance industry areas.
The importance of the insurance and financial services sector to the overall economy of Quebec City cannot be overstated. It contributes $5.5 billion to the GDP and provides 45,300 direct and indirect jobs with at least 370 companies in the area. The high visibility and importance of this industry make insurance options extremely important.
What Types of Businesses Benefit From Financial Institution Insurance?
Financial institution insurance professionals can assist your business in analyzing the risk exposure and developing a personalized risk management program for your specific needs. Whether your company is a small local boutique, a regional business or a multi-national corporation, HUB International has an insurance team with relevant expertise to help with professional liability, cyber insurance, representations and warranties, insurance tracking and GAP protection programs.
Banking and Lending Firms
The dynamic and tightly regulated environment of the financial world leads to a wide variety of risks for institutions in the banking and lending business. The Financial Institution Practice at HUB International can ensure full protection for your banking and lending institution, with a track record of serving over 700 banks, credit unions, mortgage servicers, specialty lenders and service organizations across North America.
Investment Companies
Risk is the nature of the business for investment firms. The experts at HUB International have extensive knowledge and expertise in the industry and are experienced in customizing crime insurance, professional liability and directors' and officers’ liability policies to match the unique needs of firms in this sector. HUB prides itself on the strength and depth of its team's specialized knowledge and ability to help clients to locate and mitigate risk.
Private Equity and M&A
HUB International is a portfolio company, so we understand the risks that accompany acquisition and integration processes. With a focus on mid-market clients, we provide personalized services and a high level of expertise through a network of resources and specialists. Service is available through the following services:
- Due diligence of risk programs and insurance for acquisitions
- Insurance products including representations and warranties, litigation buy-out, fraudulent transfer, and tax indemnity and defense
- Portfolio company insurance programs
- General partner and directors' and officers’ liability insurance
Insurance Companies
Identifying and managing risk is part of the job of insurance companies. At HUB International, we specialize in advising and protecting those in the business of advising and protecting. Our network of industry professionals provides an additional layer of expertise to assist as we identify and prioritize areas of exposure while creating a unique solution to protect your business. We offer a variety of risk-mitigation services, including:
- Cyber and privacy
- Corporate governance
- Employee dishonesty
- Transaction risk
- Media liability