Insurance Coverage, Inc. (ICI) has made a major commitment to the financial institutions industry and serves numerous financial institutions, including banks, credit unions and other providers of financial services.

By focusing on the risk management and insurance needs of these clients, our organization has been able to develop programs specifically tailored to the most critical areas of concern for financial institutions and financial services providers. By placing such a strong emphasis on this unique market segment, our ability to identify potential gaps in coverage is greatly enhanced, when compared to agents whom may occasionally write/service one or two banks, credit unions or other financial services accounts. ICI works with FI Services Providers on a daily basis, so we are very sensitive to the needs and areas of vulnerability that are unique to the clients and prospective clients operating in this industry.

Through a combination of “hands-on” account management experience and commitment to becoming students of the industry, we have developed specific expertise in the following areas:

(1) Identifying Exposures Created by FI Operations

(2) Financial Institution Bond and Allied Coverages

(3) Computer Crime and Funds Transfer System Exposure

(4) Directors & Officers LiabilityFinancial Institutions Program (Continued)

(5) Employment Practices Liability

(6) Professional Liability/Entity Errors & Omissions Coverage

(7) Lender Liability Issues-including Environmental and Non-Environmental

(8) Mortgage Operations Exposures

(9) Collateral Protection Issues

(10) E-Commerce/E-Risk and Cyber Crime/Liability Issues & Exposures

This is only an abbreviated listing of the types of services we offer to banks. We would welcome the opportunity to discuss additional areas of interest and customize our approach to fit your specific needs. Please complete the contact request form to schedule a meeting to discuss your needs.