FGIB:Offering Non-Bank Lender Management Professional Liability Insurance

Financial Guaranty Insurance Brokers (FGIB) offers an exclusively endorsed, competitively priced, Management Professional Liability to non-bank lenders, such as community based financial institutions. This can include businesses offering capital extensions of credit, loan servicing, installment loans, title loans, payday loans, or incidental insurance services related to the issuance of a loan.

Launched at the annual California Financial Services Provider Association

At Financial Guaranty Insurance Brokers (FGIB), we provide our non-bank lending clients with a comprehensive Management Professional Liability insurance program that includes Lender Liability, Professional Services Liability, and Directors and Officers Liability. Basically, Management Professional Liability insurance provides protection to non-bank lending firms against certain losses that arise due to errors, omissions, misstatements and other acts as outlined in the policy. While professional liability insurance, also known as E & O insurance is designed to cover your business if you were to be sued for negligent performance of services. This particular program is specifically designed for non-bank lenders.


When it comes to Management Professional Liability it’s important to evaluate your limits and extent of coverage available. Some of the following options may be available, things like:

  • Failure to Fund.
  • Regulatory investigation costs, i.e. class action… NOT FOR FINES
  • Duty to defend, legal costs.
  • Unfair, Deceptive or Abusive Acts and Practices (UDAP)
  • $1 Million – $2 Million Policy Limits

FGIB will work with you help you make sure policy wording, extensions and limits are correct. You can download the application Non-Bank Lenders.