Products & Services

Insurance For Community Banks

 

Click here to read what other bankers are saying about this Program!

View a complimentary webinar highlighting some of IBIS's services

Stay Ahead Of The Fraudsters & Avoid The Heartland Heartburn With Bank Card Protector® Policy
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Excess Deposit Insurance: What You Need to Know Before You Buy
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Want more information on this or any of our WIB Endorsed Programs? Click here to complete an online request form, or call Bill Zent, WIB vice president of member relations, at (858) 270-9404. 

Independent Bankers Insurance Services (IBIS) specializes in financial institutions risk management and insurance services for community banks. Your bank will benefit from IBIS’ experience and long-term underwriting relationships. IBIS has direct underwriting contracts with all of the major companies (A-rated excellent or higher) providing the specialized insurance coverage unique to the banking industry. IBIS brings over 30 years’ experience insuring the unique exposures inherent to community banks.

Why Choose Independent Bankers Insurance Services (IBIS)?

Services Provided:

  • Complimentary written policy reviews for management/Board

  • In-depth Underwriting Profile to point out the bank's strengths/weaknesses

  • Assistance with the application process

  • Analysis of the bank's exposure and current coverage

  • Comprehensive submission preparation

  • Loss control updates

  • Direct negotiation with underwriting

  • Regular, personal contact and policy updates

Do You Already Use A Local Broker? 

  • IBIS will “co-broker” your bank’s insurance business with your local agent without any additional cost to your bank. Your bank will gain the benefit of its specialized expertise while keeping your local insurance relationship intact.

Insurance for New Bank Charter

  • Independent Bankers Insurance Services has considerable experience insuring banks in organization. We use three of our major carriers: Chubb, St. Paul Travelers, and Progressive Insurance to obtain bids on proposed banks or banks in organization.


IBIS Offers A Wide Range Of Insurance Products, Including:

  • Directors & Officers Liability
  • Financial Institution Bond
  • Commercial Property Insurance
  • Bank Card Fraud Protection
  • Merchant Fraud Indemnity Insurance
  • Internet Insurance
  • Identity Theft Protection
  • Workers' Compensation
  • Fiduciary Liability
  • Bankers Professional Liability
  • Entity Employment Practices Liability
  • Entity Bankers E&O
  • AND MORE!

Bank Card Protector Policy: 

  • Electronic Terminal Fraud (ATM, POs & Cash Dispensing Machines)

  • Telephone, Mail Order & Internet Sales Fraud (unauthorized use of bank card, including "card not present" transactions)

  • Compromised Cards Extra Expense (to reissue reported compromised cards)

  • Skimming/Phishing/Hacking/ID Theft

Customer ID Theft Protection:  

  • Your bank can be a hero to your customers for only $4.95 per customer, per year with Identity Safeguards. Easy to understand and simple to administer, this AIG-sponsored blanket insurance policy offers your customers up to $15,000 in identity reconstruction/rehabilitation expenses; a personal advocate to handle your customer's claim and ability to upgrade to a more enhanced credit/identity monitoring program.

WIB Member Benefit

  • Special program packages

  • Co-broker/wholesale options

  • Free risk analysis

For More Information Contact:

Bill Zent
(858) 270-9404
bill@wib.org