Banking Insurance

The Advantage
Financial PSI separates itself from the competition with its experience, volume, and reputation with all of the major insurers. We will provide you with the best products and services available anywhere. Financial PSI provides a quality service at a low cost, and we stand apart from our competitors because we take the time to establish a relationship built on trust and commitment.

Every customer is different, and we promise to listen to your concerns and work with you to determine your exact needs. We build insurance coverage and benefits packages for you – not the customer down the street.

Cookie-cutter plans often do not work. Your bank’s situation is unique, and we strive to deliver solutions that not only save you money but also help you manage your employee benefits more effectively.

Time is money, and we want you to spend your time focused on your customers. Financial PSI will take care of the rest.

Banking Insurance Services
• BancInsure
• Employee Benefit Programs
• Key-person Insurance
• Scholarship Programs
• Turnkey Insurance Programs

We would be pleased to consult with you on these and other matters to ensure that your program is competitive in benefit and cost.

Please contact us at 615/244-5100 or 800/456-5191.

BancInsure
BancInsure is committed to providing the highest quality of products and consistent protection to financial institutions of all sizes. BancInsure is owned by 15 state bankers associations and directed by active bankers and state association executives. This assures a "banker's" perspective in the development and enhancement of our products.

BancInsure Financial Institutuion Bond Coverage (FIB)
All Financial Institution Bonds are not the same. The features and optional coverages offered by BancInsure have made it one of the leading writers of Financial Institution Bonds in the United States.

BancInsure Directors' & Officers' Liability Coverage (D&O)
BancInsure provides Directors' & Officers' coverage along with cutting-edge endorsements for today's banking industry. BancInsure has enhanced its D&O policy by offering optional coverages including Entity Coverages for Lender Liability, Employment Practices, Bankers E&O, and Professional Liability.

BancInsure's "Peace of Mind" endorsement offers an extended reporting period for those directors and officers who will no longer be serving the bank due to a merger or acquisition.

BancInsure - BancSecure Property/Casualty
The BancSecure Property/Casualty package policy was developed for banks and includes coverages and options that are essential to a bank's risk management program. Along with the package policy, BancInsure offers Workers' Compensation and Umbrella coverage.

BancInsure - Other Coverages
• Foreclosed property and repossessed property coverage
• Computer Crime including coverage for home banking and
• Internet banking
• Blanket Extortion Coverage
• Excess Deposit Insurance Bond

For more information about BancInsure products, call Carroll Hughes at (615) 244-5100 or (800) 456-5191.

Employee Benefit Programs
Employee Benefit Programs for banks are vital to attract and retain valuable employees. Financial PSI has been involved with the design, implementation and service of bank programs for 35 years. These programs include medical, disability, life, and retirement among others. We understand the particular needs of banks and are able to custom-design plans to fit these individual needs.

Key-person Insurance
Banks are usually very interested in plans that indemnify the bank in the event of a loss of a Key Employee. Plans such as deferred compensation or salary continuation are invaluable in efforts to attract and retain executives and directors. Our offerings in these areas are designed specifically for financial institutions with an understanding of regulatory needs.

Scholarship Programs
One of the newer programs we offer is our Scholarship program designed exclusively for banks. This is a "no net cost to the bank" method of providing a real service to the community, thereby enhancing customer loyalty and appreciation.

Turnkey Insurance Programs
Financial PSI is extremely pleased with our most recent program that enables banks to derive fee income from insurance sales. Without any capital investment or personnel involvement a bank will be able to create income from insurance by using the program offered by Financial PSI.