 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
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.
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