Insurance

Financial Institution Bond

Community Bank Program underwritten by Zurich North America Surety, Chubb Group of Insurance Companies, or Travelers Casualty & Surety Co. of America. One policy that includes financial institution bond, computer crime, cyber crime, kidnap/ransom, and safe depository legal liability coverage. Special concessions on coverage from the insurance companies.

Directors and Officers Liability

Community Bank Program underwritten by Zurich North America Surety, Chubb Group of Insurance Companies, or Travelers Casualty & Insurance Co. of America. Entity coverage available for Lender Liability, Bankers Professional Liability, Employment Practices, Trust E&O, Fiduciary Liability, IRA/Keogh. Special concessions on coverage from insurance companies.

Property/Casualty Commercial Package and Workers Compensation

Policy that extends coverage for bank building, business personal property, business auto, general liability, inland marine, umbrella liability, workers compensation, and mortgage impairment including errors & omissions. Special community bank Safety Group experience dividend programs available.

Lenders' Single Interest Program

Community Bank Insurance Program that is designed to provide bank blanket protection on consumer loans. Eliminates the need to track insurance documents on existing consumer loans. Policy extends coverage to existing loans without additional upfront premium.

Forced Placed Property Program

Community Bank Insurance Program designed to give bank the option of force placing property insurance on customers that have let their insurance coverage expire. Both residential and commercial property may be insured in this program. Forms are provided to allow the bank to force place direct with the insurance company.

Flood Zone Determinations

Special program developed for community banks for compliance with the Flood Disaster Protection Act requirements, including flood zone determinations for life of loan and force-placed flood insurance. Special community bank rate.

Warranty/Maintenance Protection Program

Community Bank Insurance Program that will eliminate the need for service contracts. Coverage extends to all types of financial institution equipment. The bank will continue to choose service providers. Major cost savings.

Internet Liability Insurance Program

The Internet, interactive websites, on-line loan and deposit applications, phishing, pharming, identity theft, keylogging, network intrusion detection, hacking, malicious software, cyber-attacks are exposures that were not contemplated when insurance companies developed Computer Fraud insurance more than 20 years ago. These programs provides fraud and liability protection for Internet and cyber-related exposures.

Investment Centers Programs:

Bank-Managed Program or Fully-Managed Program.
Community Bank Investment Programs developed for banks that are currently offering non-deposit investment products (NDIP) to their customer base or for banks that are looking to develop a non-deposit investment product program. These programs provide:

  1. Direct access to a broker dealer with a compensation payout schedule that ranges from 85 to 92% on most security products for bank-managed programs.
  2. A compliance department that consists of 10 registered principals offering complete bank and registered representative compliance support.
  3. A turnkey, fully-managed program for banks that want to completely outsource the NDIP program.