- 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
