CORRECTING and REPLACING Capital Shield Insurance Services and Berkley FinSecure Launch Nation’s First Insurance Product Protecting Investors from Embezzlement
FORT MYERS, Fla.--(BUSINESS WIRE)--Mar 20, 2019--Email address in Capital Shield Insurance Services LLC boiler plate of release dated March 19, 2019 should read: firstname.lastname@example.org (instead of email@example.com).
This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20190319005163/en/
The corrected release reads:
CAPITAL SHIELD INSURANCE SERVICES AND BERKLEY FINSECURE LAUNCH NATION’S FIRST INSURANCE PRODUCT PROTECTING INVESTORS FROM EMBEZZLEMENT
New Insurance Offering Covers Individuals’ Investments from Embezzlement
Capital Shield Inc. and Capital Shield Insurance Services, today announced the launch of the nation’s first embezzlement insurance for individuals. The new insurance product covers individual investors in the event that their asset manager or investment advisor embezzles their investment funds.
“You can buy insurance for almost everything else of value in your life from houses and cars to boats and art. But until now, individual investors have not been able to insure their money in the event that their asset manager or investment advisor embezzles their money,” said Travus Pope, co-founder of Capital Shield Inc. “That’s why we partnered with Berkley FinSecure to create Capital Shield®. A few of us have personally experienced embezzlement firsthand. We realized as victims, that there remains a serious exposure that people have no way of protecting themselves from.”
Entrusting securities industry professionals with invested assets is common among a wide array of investors but unfortunately individuals are being taken advantage of more frequently. Investment embezzlement crime made headlines after the devastating Madoff scandal of 2008 and drove many security enhancements through the industry. Even with added regulations, greater transparency and robust monitoring technology; embezzlement schemes continue to happen today.
Capital Shield® is the premier insurance product for people who want to protect their assets from embezzlement by their investment advisors, asset managers, fund managers, or other securities industry professionals. Individual investors can purchase a Capital Shield® policy to cover up to a maximum limit of $10,000,000.
Berkley FinSecure has a team of highly trained claims staff that immediately get involved if a loss is reported. In the event of a covered loss, the policy will pay at the time proof of loss is accepted and the perpetrator is indicted, eliminating the need to take on the burdensome, expensive and prolonged tasks of trying to recover funds.
About Capital Shield Insurance Services LLC
Based in Fort Myers, Florida, Capital Shield Insurance Services owned by Capital Shield Inc., is the premier insurance wholesale distribution channel for people who want to protect their assets from embezzlement by their investment advisors, asset managers, fund managers, or other securities industry professionals. To learn more, visit www.getcapitalshield.com, or contact Travus Pope at (239) 900-1877 x102 or firstname.lastname@example.org
Capital Shield ® is underwritten by Berkley FinSecure one of the Berkley member insurance companies which carry A.M Best and S&P A+ ratings and A.M. Best Financial Size Category XV. Products and services are provided by one or more insurance company subsidiaries of W.R. Berkley Corporation. Not all products and services are available in every jurisdiction, and the precise coverage afforded by any insurer is subject to the actual terms and conditions of the policies as issued.
View source version on businesswire.com:https://www.businesswire.com/news/home/20190319005163/en/
CONTACT: For Capital Shield Insurance Services:
KEYWORD: UNITED STATES NORTH AMERICA FLORIDA
INDUSTRY KEYWORD: PROFESSIONAL SERVICES FINANCE INSURANCE
SOURCE: Capital Shield Insurance Services LLC
Copyright Business Wire 2019.
PUB: 03/20/2019 10:35 AM/DISC: 03/20/2019 10:35 AM