Financial Institutions Insurance
Insurance for Banks

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Insurance for Banks and Financial Institutions

Bankers Insurance – our name says it all. Financial institutions hold a special place in our history, and our heart. The finance industry is a cornerstone of a healthy community, and we are an independent insurance agency that proudly serves it by providing a financial institutions insurance program, packed with value-added business tools and services to help your firm run efficiently, effectively, and profitably.


Bill Groves
(804) 819-7479

George James
(276) 223-4318

Wayt Timberlake
(434) 327-1655

Financial Institutions Insurance Program

Key Features

What makes us different.

  • Expertise: Bankers Insurance staffs an entire division of experienced and trained financial institutions insurance experts. Not only do our insurance carriers specialize in this industry, but each of our client accounts are professionally managed by a team of risk managers specializing in insurance for banks.
  • Personal Touch: Each of our clients is assigned a team of insurance agents to service their needs. Our clients receive the direct phone number and email address for their risk advisor and account manager. If you call, it will ring right on their desk or in their pocket.
  • Multi-Carrier Contracts: We are contracted with the industry’s leading financial institutions insurance carriers. We know their strengths and match our clients to the one that best suits their needs.
  • Specialized Coverages: Ensure all your operations and risks are covered. We will take the time to listen to you, understand your operations, advise regarding risk mitigation, and provide tailored quotes.
  • Emerging Risks: Protect your bank from evolving threats. Clients demand convenience, urging banks to adopt new technologies. These new technologies carry risks for which we can provide protection.
  • Loss Analytics: Take advantage of all our risk management services including risk surveys, benchmarking, loss forecasting, collateral reviews, workers’ compensation experience modification reviews, and contract reviews.

Business Operations

Our financial institutions insurance program protects a broad variety of operations:

  • Banks – all sizes
  • Retail and Commercial Banks
  • Community Banks
  • Internet Banks
  • Credit Unions
  • Savings and Loan Associations
  • Investment Banks
  • Brokerage Firms
  • Finance Companies
  • Leasing Companies
  • Mortgage Companies
  • Trust Companies
  • Investment Advisers
  • Hedge Funds
  • Mutual Funds
  • Venture Capital Firms
  • Private Equity Firms

We offer

Insurance for Banks:

  • Liability
    • General Liability
    • Professional Liability
    • Directors & Officers Liability
    • Employment Practices Liability
    • Fiduciary Liability and Bonding
    • Cyber Liability / Data Breach
    • Trust Liability
    • Employee Benefits Liability
    • Umbrella Liability
  • Property
    • Buildings
    • Contents
    • Business Income and Extra Expense
    • Flood & Earthquake
  • Collateral Security
    • Mortgageholder’s Protection
    • Foreclosed & Forced Placed
      • Property
      • Liability
      • Flood & Earthquake
    • Lender’s Single Interest
  • Financial Institution Bond
  • Stamp Surety Bond
  • Workers Compensation
  • Group Benefits
    • Life
    • Health
    • Dental
    • Vision
  • Other Insurance coverages
    • Kidnap, Ransom, Extortion
    • Crisis Response
    • Business Auto

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Tech, Checks, and Balances

Today’s clients demand more from their financial institutions. They want access to real-time account information, anytime, anywhere. They want to deposit checks without visiting the bank’s location, to transfer funds without needing to call, to pay bills online, and to apply for a loan during non-business hours, at home, from their mobile device. And banks all across America are delivering.

Bankers Insurance can ensure your financial institutions insurance package covers not only physical assets and traditional liabilities, but also new and emerging threats associated with fintech. Whatever your bank’s operations, whether they include website banking, online lending, mobile apps, bill pay, or peer-to-peer payment solutions, we can ensure you have the protection needed.

We are a Trusted Choice insurance agency.

Financial institutions insurance cyber liability, a young lady smiles as she takes a photo of her check, utilizing mobile deposit.

Financial Institutions Insurance Coverages


Financial institutions insurance liability, board of directors at business meeting in modern conference room as seen through glass doors.

Liabilities for financial institutions are broad ranging. Most banks are aware of their largest risk exposures, but the nuances of insurance for banks can be challenging. Through our experience insuring financial institutions, we have seen a broad spectrum of liability claims. Let us help you stand protected in all scenarios. Common liabilities covered by a financial institutions insurance package arise from the bank premises, professional errors and omissions, the board of directors, employees, and modern hacks/scams. Protections can include:


Insurance for banks property, exterior view of large financial institution building with bank sign across top.

Brick and mortar locations represent a large investment and a primary source of income. Each bank should draft a disaster plan and determine which risks should be covered by financial institutions insurance. It should consider how business income will be affected in the event any branch or the headquarters be destroyed. While the building is rebuilt, income will suffer and some clients may even leave permanently if restoration is prolonged. Protect your investment with insurance for banks that includes:

  • Buildings
  • Contents
  • Business Income and Extra Expense. Check out our Business Income Calculator to help determine how much protection you need.
  • Flood & Earthquake

Collateral Security

Insurance for banks collateral security, young couple speaks with loan officer at a financial institution.

Ensure the collateral promised to your institution is available when needed. Collateral security is an integral part of financial institutions insurance. We offer protection for foreclosed and forced placed properties at industry-leading rates. We can also ensure your mortgaged interests are covered. In addition, we can streamline your process of ensuring collateral protection is in place for autos, mobile homes, motorcycles, personal property, recreational vehicles, and watercraft. Let us help your business run efficiently and profitably.

  • Mortgageholder’s Protection
  • Foreclosed & Forced Placed
    • Property
    • Liability
    • Flood & Earthquake
  • Lender’s Single Interest

Financial Institution Bond

Financial institutions insurance bond, bank client on laptop and referencing cell phone, overlaid with network of icons demonstrating bank services.

Protect your deposits and your entire firm against a variety of dishonest acts, internal and external. With attacks continuing to rise such as social engineering, jackpotting, card skimming, or even traditional robbery, threats are real and emerging. These protections are a consideration for any packaged insurance for banks. Ask your agent if your firm is insured in all the following areas:

  • Employee Fidelity
  • Robbery, Burglary, Misplacement
    • On premises
    • Off premises
    • In transit
  • Forgery or alteration
  • Securities and Signature Guarantees
  • Counterfeit money
  • Fraudulent mortgages
  • Computer systems fraud
  • Fraudulent transfer instructions
  • Destruction of data by hacker or virus
  • Liability of Depository
  • Loss of Customer’s Property
  • Automated Mechanical Devices
  • Transit Cash Letters
  • Unauthorized Signatures
  • Check Kiting Fraud
  • Debit Card Fraud
  • Kidnap and Ransom
  • Property and Cyber Extortion
  • Stop Payment Liability
  • Claims and Audit Expenses
  • Security Breach Expenses
  • Electronic Business Income Loss
  • Rewards
  • Payments for Injury or Death (result of larceny, theft, robbery, etc.)
  • Employee Retirement Income Security Act (ERISA) coverage

Other Available Insurance Coverages

Financial institutions insurance liability, a stack of coins overlaid with a cityscape and graph.

Many other optional protections are a part of our financial institutions insurance program.

Value-Added Tools and Resources

other business tools and resources. Hand tools arranged on a wooden table.

Formed by community banks, our financial institutions insurance program continues to evolve with our clients. We know the risks these institutions face and are the industry leader in insurance for banks.

  • Benchmarking
  • Risk Surveys
  • Contract Reviews
  • Property Valuation
  • Employee Manuals
  • Incident Investigation Guides

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Why Bankers Insurance?

Anyone can be an order-taker.  Bankers Insurance is different.

We offer choices and expertise. We don’t expect clients to be apartment owner insurance experts.  Take advantage of our experience. We can explain your options and help you determine the right coverages.

As your insurance agent, we strive to know you. Only then can suggest the coverage that suits your specific business. We look for coverage gaps to help ensure complete protection. With us, you get the benefit of: