Financial Loss Liability

Manage financial risks – Ensure clear policy coverage – Guarantee quality

Asset risks

Understanding financial risks. Enabling insurance coverage. Ensuring quality.

Errors in consulting, planning, and service provision can cause significant financial losses—even in the absence of personal injury or property damage. The resulting financial losses are among the most challenging liability risks and require a thorough risk analysis,

precise contract drafting and in-depth technical review. This results in an efficient, high-quality underwriting process that offers brokers maximum freedom in sales while ensuring underwriting quality, risk control, and market stability.

Our Approach to Service

Product Development and Design

Placement and Market Access

Underwriting and Claims Assessment

Technical Review & Approval Decision

Analysis of professional activities and typical liability scenarios
Assessment of individual risk structure and exposure
Review of revenue, fee structure, and project sizes
Determination of insurance coverage amounts, deductibles, and sublimits
Underwriting decision and policy approval

Eligibility Review & Coverage Design

Review and refinement of individual coverage plans
Structuring of special agreements
Coverage for complex and hybrid job profiles
Adaptation of policy terms to regulatory requirements
Adaptation of policy terms and conditions to legal requirements

Professional support for real estate agents

Preliminary Underwriting Review of Complex Risks
Technical sparring partner in client dialogue
Support with tenders and large-scale inquiries
Support during contract negotiations

Professional responsibility requires professional protection so that one can act with peace of mind.

– Jenny Schierholz, Senior Financial Lines Underwriter

Product Structure

Our VH and VSV products offer tailored coverage for traditional and regulated professions—ranging from standardized policies to customized special and excess liability solutions for heightened liability risks.

Financial Loss Liability Insurance

Coverage for third-party and first-party losses
Financial losses resulting from breaches of duty: for example, errors in advice, missed deadlines

Fidelity Insurance

Coverage for financial losses resulting from intentional torts
by persons in positions of trust
by external perpetrators
such as fraud / embezzlement, misappropriation, white-collar crime, cybercrime, social engineering, and CEO fraud

Customized Special and Excess Liability Solutions

For increased liability risks, exxis designs customized solutions:

Excess coverage on existing policies
Individually defined sublimits
Project-specific special coverage
International liability programs
Specialized solutions for new professional profiles and digital business models

Product Highlights of Our Investment Strategies

Quality-Assured Policy Issuance – Professionally Sound, Transparent, and Efficient

Freedom of trade

Freedom of distribution for brokers while maintaining underwriting quality.

Differentiated risk assessment

Precise analysis of complex and diverse job profiles.

Customized coverage options

Tailored policy extensions and structured customized solutions.

Extensive underwriting expertise in complex risks

This also applies to new business models and hybrid activities.

Streamlined decision-making processes

Quick turnaround times for quotes, underwriting, and policy issuance.

Claims Handling – Examples

Mistakes made by an IT service provider

Preliminary technical assessment of liability issues, support with claims processing, and coordination of external experts.

Liability Claim Involving an Insurance Broker

Structured claim review, coverage determination, and legal support.

Planning errors in a digitalization project

Preliminary analysis of the liability situation, coordination with the insurer, and structured claims settlement.

Why purchase financial loss insurance through exxis?

Extensive underwriting experience in financial loss liability
Industry expertise in consulting, technical, and regulated professions
High underwriting expertise with complex job profiles
Structured processes
Personal, expert contacts
Collaborative work with all stakeholders based on years of practical experience

Other product lines

With our insurance solutions, we provide insurers and brokers with a comprehensive range of services that goes far beyond traditional insurance policies.

You gain access to structured products, in-depth underwriting and risk expertise, and professional claims processes—all seamlessly integrated and consistently geared toward sustainable sales success and financial stability.

Contact person

If you already have specific questions or challenges that you’d like to discuss with us in person, please feel free to contact us.

Jenny Schierholz Senior Financial Lines Underwriter

jenny.schierholz@exxis.de

Contact us

exxis - Your insurer for complex risks

Would you like to learn more or speak with us directly?

Email: info(at)exxis(dot)de
Phone: +49 (0) 5231 603-0
Location: Detmold