Fidelity-Pak

Fidelity-Pak Insurance Program - Riebling Insurance Agency

Fidelity-Pak Insurance Program - Riebling Insurance Agency

What is the Fidelity-Pak Insurance Program?

The coverages provided by original Fidelity-Pak Program:
  • Title Agent Errors & Omissions (E&O)
  • Lawyer's Professional Liability (LPL)
  • Escrow Security/Computer Crime (ESB)
  • Cyber Liability (Cyber)
Contact Riebling Insurance Agency for More Information on Fidelity-Pak Program.

New Additions to the Fidelity-Pak Program


Fraudulent Email Wire Transfer Coverage (FIRST PARTY COVERAGE) - Under the newly expanded program, the insured will be compensated up to $250,000 for an insured loss by an employee of the insured transferring escrow funds from an account of the insured in the dependence upon unlawful email wire instructions received from a dishonest party claiming to be a legal party to the transaction.

Fraudulent Email Wire Transfer Coverage (THIRD PARTY COVERAGE) - Under the newly expanded program, a sum of up to $1m will be paid on behalf of the insured, for an insured loss as a result of an employee transferring escrow funds from an account of the insured resulting from a reliance upon dishonest email instructions from a criminal falsely claiming to be a legal party to the transaction.

CFPB Coverage-Under the newly expanded program, a $150,000 sub-limit compensation for valid costs, fees, and expenses for a Consumer Financial Protection Bureau (CFPB) matter, including civil investigation, subpoena, civil action, or hearing received or conducted by the Consumer Financial Protection Bureau will be paid to the insured.

Some other comprehensive title agents errors and omissions (E&O) insurance include:
  • Prior Acts Coverage - All claims induced by unjust acts following the past date and prior to the end of the policy period are covered
  • Claims related to an error in the public records is covered
  • Claims induced by independent contractors
Escrow Security Bond (ESB) -The ESB or Escrow Security Bond offers coverage for financial losses that attorneys may become subject to as a result of dishonest acts performed by partners, shareholders, and employees, including cash skimming, fictitious accounts receivable, purchasing/payable fraud, personal reimbursement schemes, kickbacks, gifts and gratuities, and more. The ESB also offers a computer crime rider, which includes first-party coverage for certain other losses as a result of illegal computer activities, theft, or vandalism, which may not be covered by other third-party liability or commercial first-party insurance policies.

Cyber Liability Insurance -The Cyber Liability Insurance offers protection for legal expenses you sustain to respond or defend against a regulatory action stemming from a privacy or computer security breach, as well as defense and damage expenses sustained as a result of a lawsuit filed against you occurring from computer and privacy security breaches. Incurred costs include customer notification and credit monitoring costs, data recovery, data extortion, and more.

Lawyer's Professional Liability Insurance -Lawyer's Professional Liability Insurance protects legal professionals and their firm from various losses, including losses resulting from errors, omissions, and negligence in the practice of professional services. This policy can be custom fit for your specific business needs, including automatic acquisition coverage, expanded professional services, claim service and pre-claim assistance, and more. Risk management services are also available.

Title Agents Errors and Omission Insurance -The Title Agents Errors and Omission Insurance was enhanced to assist FNTG agents in meeting new industry standards including:
  • New CFPB conditions and development of the regulations and rules governing the title industry
  • ALTA's Best Practices
  • Protection of consumer personal financial information
  • Lender regards concerning third party liabilities
The comprehensive title agents error and omissions insurance (E&O) covers those professional services performed by any insured for a fee including:
  • Title Searcher
  • Title Insurance Agent
  • Title Abstractor
  • Closing Agent
  • Escrow Agent
  • Notary Public

Contact Reibling Insurance Agency for More Information on Fidelity-Pak Insurance Policies

Contact Us for More Information on Fidelity-Pak Insurance Policies
Our knowledgeable staff is committed to providing agents with quality information, tools, and the underwriting services they need to succeed in business. Together, we can help you grow and protect your business by working with you each step of the way.

Every client has unique needs, and we are prepared to understand yours completely. That is why we provide potential clients a free consultation. In our experience, our clients learn more from us than we learn about them.

Please contact us for an in-depth coverage analysis for your business today. We look forward to assisting you.

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