Insurance Products

Financial Institution Bond - Provides criminal coverages that are perpetrated against financial institutions. These coverages include Employee Dishonesty, Faithful Performance (for certain markets), Robbery, Burglary, Fraudulent Deposit (for certain markets), Check Forgery & Alteration, Loan Fraud, Safety Deposit Box, Computer Systems including Home Banking, Plastic Card Fraud (for certain markets), Robbery Reward, Cash Letter, Unauthorized Signature, etc.

Professional Liability Coverage - Provides liability protection for individuals of financial institutions, as well as "Entity" liability protection for financial institutions. Coverages include the following:

1. Directors, Officers, Employees, and Volunteers Liability coverage (The Volunteer coverage is for certain markets) - This protects individual's assets if they are sued for a "Wrongful Act" while performing their duties for the financial institution.
2. Fiduciary Liability coverage - This protects the financial institution and the individual fiduciaries if they are sued for a "Wrongful Act" while administering the financial institution's Employee Benefit Program.
3. IRA/Keogh Liability coverage - This protects the financial institution and the individuals if they are sued for a "Wrongful Act" while administering the financial intuition's IRA/Keogh deposits for members/customers.
4. Employment Practices Liability coverage - This protects the financial institution and individuals for a "Wrongful Act" against an employee. Coverage includes wrongful termination, hostile work environment, sexual harassment, discrimination etc.
5. Bankers Professional Liability coverage - This protects the financial institution and individuals for a "Wrongful Act" while providing product and services to members/customers in which the financial institution receives a fee, commission or other remuneration.
6. Lender Liability coverage - This protects the financial institution and individuals for a "Wrongful Act" regarding the refusal to extend credit.

Property & Casualty Package of Protection - This protects the financial institution through various policies that make up the package of protection. The coverages include the following:

1. Property Protection - This covers the financial institution's property (i.e. building, contents, edp, atms etc.) that is damaged as a result of a peril (i.e. hail, tornado, wind, fire etc.).
2. General Liability coverage - This covers the financial institution when they are held legally liable for bodily injury, personal injury, advertising injury, fire damage liability etc.
3. Business Auto coverage - This covers the financial institution for legal liability and physical damage coverage if elected for repossessed autos and hired autos. It also includes owned auto and non-owned auto coverage.
4. Workers Compensation - This provides coverage for employees if injured on the job. This also provides employer liability coverage.
5. Umbrella - This provides additional protection above the General Liability, Business Auto and Workers Compensation.

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