ABA Insurance Services is a long-term, reliable and stable source of D&O, bond and Property & Casualty insurance for financial institutions. This unique bank-owned and banker-directed insurance program has been supporting the banking industry for nearly 30 years. With a sustained market share of 25%, the program insures banks in all 50 states with 1 out of 3 banks having been with the program for 10 or more years. As the only professional lines program in the marketplace to offer a distribution, the program’s reinsurer, American Bankers Mutual Insurance, Ltd., has declared distributions to participating banks for 27 consecutive years, totaling $82.7 million.

PROGRAM BENEFITS

• The tenured and experienced team of underwriting and claims professionals—many with financial industry backgrounds—are highly regarded for their in-depth insurance knowledge and understanding of the scope and operations of banking.
•  Specializing on the unique coverage needs of banks, the program focuses exclusively on financial institutions.
•  To help mitigate risks, valuable loss control resources such as SafeTalk® newsletters and special bulletins are provided.
•  Exceptional customer service standards—submissions are acknowledged within 24 hours with proposals delivered on or before established and mutually agreed upon promise dates.
•  In addition to the ABA, the D&O/bond program is an endorsed or preferred program of 28 state bankers associations.
•  ABA Insurance Services will work directly with you or with your trusted insurance agent.

COVERAGES

Professional Liability:

• Directors and Officers Liability
• A-Side Plus®
  
• Bankers Professional Liability
  
• Broad Form Company Liability
  
• Employment Practices Liability 
  
• (Employment Practices Loss Control Resources are available)
  
• Cyber Insurance Program
  
• Lender Liability
  
• Privacy Liability
  
• Trust Services Liability

Bond:

• Financial Institution Bond
•  STAMP — Surety Bond

Property & Casualty, including:

• Property
•  General Liability
•  Automobile
•  Umbrella
•  Workers Compensation

ABA Insurance Services Inc. dba Cabins Insurance Services in CA, ABA Insurance Services of Kentucky Inc. in KY, and ABA Insurance Agency Inc. in MI. Coverage is subject to underwriting guidelines and may not be available in all states.