Earlier this year, we went through a due diligence process with our property and casualty insurance for our holding company. We were impressed with the knowledge around our needs as a financial institution and the suggestions given regarding our policies. Adam was extremely easy to work with and great at follow-up. The best part was the quote from Illinois Bankers Insurance Services came in lower compared to the company we have been with for more than 15 years. Thank you, Adam!
Michelle L. Gross, 2021 IBA Chair and EVP/COO and ISO, State Bank of Bement
Your leading bank deserves leading industry expertise.
The Illinois Bankers Insurance Services ONLY work with banks. We uniquely know, understand and care about your insurance needs. Find everything you need including Financial Institution coverages, Property & Liability insurance, Workers Compensation, and a menu of Employee Benefits.
Schedule a policy review with Adam Walsh, Vice President, Illinois Bankers Insurance Services, Inc.
4 Easy Steps to Customize Your Insurance Program
1. Connect with Adam Walsh to discuss your bank’s needs based on our line of products through Mid America Banking Services, Inc., and A+ rated companies.
2. Collect basic information, including declaration pages from your current policies, current financials, and loss runs. Upon receipt, a draft summary is prepared of the needed coverages.
3. The summary is submitted to our partner companies - additional information may be requested such as a Cyber Liability Application, Multi-Factor Authentication Attestation, Mortgage Protection Application, or property details.
4. A detailed proposal of your current and recommended coverages is presented to you. Upon approval, a smooth transition is guaranteed.
Happiness is loving your pups. So is lowering your premiums!
Your bank’s insurance program plays a pivotal role in protecting all of your vital assets. Together, let’s review your program to ensure it is sufficient for today and into the future.
Schedule Your Policy Review
Financial Institution Insurance
Property
Blanket Coverage Buildings & Contents
Blanket EDP Coverage
Earthquake, Mine Subsidence and Flood
Foreclosed Property Coverage
Force Placed Property and Flood Insurance
Liability
Aggregate Per Location Up to $10M
World-wide Coverage
Fellow Employee Exclusion Deleted
Cyber Liability
Umbrella
No Retention
Pay on Behalf of Aggregate Limits Per Location
World-wide Coverage
Mortgage Impairment E&O
Blanket
Forced Place
Workers’ Compensation
Auto
Broad Form Endorsements
Employees as Insureds by Endorsement
Bond
No Aggregate Limit
Cyber Extortion
Fraudulent Email, Fax and Voice
Kidnap/Extortion
Claim Audit Expenses
Stop Pay Legal Liability
Wrongful Check Dishonor
Credit/Debit Card Coverage
Excess Deposit Coverage
D&O
Management & Professional
Separate Limits/Separate Aggregates
Non-cancelable
Securities Coverage
Depositor Liability
Fiduciary Liability
Lender Liability
Optional Third Party Coverage
Bankers Professional Liability
Trust Errors and Omissions
Employment Practices Liability Insurance
Employee Benefits
Medical
Fully Insured
Self-funded
Dental
Employer Paid
Voluntary Plans
Disability
Short Term
Long Term
Individual LTD
Life
Group Term Life
Voluntary Life
Dependent Life
Vision
Employer Paid
Voluntary Plans
Pre-Taxed Benefit Plans
Cafeteria Plans
Flexible Spending Accounts
Voluntary Insurance Plans
Revenue Generating Programs
Bank Agency Services
Turnkey Customer Program
Accidental Health & Dismemberment
Recuperative Care
Hospital Accident Plan
Life Insurance
Credit Life and Disability
Home Equity Protection Program