- A bank with ten branches and no extra expense coverage on any of them.
- Property insurance policies with coinsurance penalties that kick in after a loss.
- Incorrect listing of insured entities on the liability, auto, and umbrella policies.
- No debit card fraud coverage on the financial institutions bond.
- No safe depository insurance on the bank’s six locations with safe deposit boxes.
- Low directors’ and officers’ limits of liability combined with inadequate aggregate limits of coverage.
- A bank with several missing locations from their package policy.
- A bank insurance plan with inadequate e-banking protection but exceptionally low property deductibles.
- Poorly written employment practices coverage that did not cover workplace harassment.
- No coverage on repossessed vehicles on the auto insurance program.
- No coverage on a bank parking garage where over fifty cars were parked all day.
- Inadequate umbrella liability limits of coverage plus no coverage for foreclosed properties.
Consulting On, But Never Selling, Insurance
Client Testimonial
Your involvement has been of great value as we work through complex insurance issues. The detailed support you provided helped us strike a better balance between coverage and premiums during our last renewal. I appreciate your responsiveness and the fact that you’re only a phone call away for insurance information and assistance.Androscoggin Savings Bank
Scott brought an understanding of community bank insurance that neither our bank nor our agent possessed. As soon as we signed our contract, Scott became a member of our team and was only concerned with our best interest. I just wish we had contacted him sooner.CFOFairfield National BankFairfield, IL
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