Insurance Info For Bankers - A Teleseminar Series

“Thanks. The information will help me manage our bank’s insurance. I’m looking forward to the remaining seminars.” Ron Wrobel, The First, N.A.

“I enjoyed your teleseminar on bank d&o insurance. I found it very informative. I’m looking forward to your next session.” Roger Guerin, Sanford Institution for Savings

“For me, it was especially helpful to hear you explain the jargon (retro dates, “hammer clause,” etc.) and the various provisions that a bank can have within a policy and how policies might be different.  I look forward to the next seminars.”  Valerie Roy, Pepperell Bank

More sessions will be announced soon.
Email Scott@ScottSimmonds.com to be notified of future sessions.
No obligation.

Here Are The Issues We Covered So Far:

Completed Session – Directors & Officers Insurance for Banks

The session was a great success. Get your copy of the CD now!

• D&O coverage overview.

• What is "claims-made?"

• What limits of coverage are appropriate?

• How are defense costs handled? Who pays the lawyer?

• How is the bank protected? Do you really need entity coverage?

• What are the traps to look out for?

• Include employment practices coverage in the D&O - good idea or bad idea?

• Fiduciary, trust e&o, lender liability, IRA/Keogh coverage.

Completed Session – Bankers Bond and Related Coverage

Great Reviews from those on the call. Get your copy of the CD now!

• Financial institution bond coverage overview.

• What limits of coverage are appropriate?

• How to fine tune your program to best fit your needs.

• Are your ATMs covered?

• Is your e-banking exposure covered?

• Extortion, fidelity, hacker, forgery, counterfeit currency

• Is a three-year policy really a good idea?

Completed Session – Employment Practices and E-Banking Insurance

Great Feedback from those on the call. Get your copy of the CD now!

• What's covered by employment practices insurance?

• What definitions should be reviewed?

• What's "claims-made?"

• What limit of coverage is appropriate?

• What's included in e-banking insurance?

• Does your bank need to buy e-banking coverage?

• Mistakes to avoid.

Completed Session – Property, Liability, Auto and Workers' Comp Issues For Banks

Great Reviews from those on the call. Get your copy of the CD now!

• Property insurance tips.

• What liability coverage should be considered?

• The biggest liability exposure every bank faces.

• How to control your work comp premium.

• What services should your agent provide.

• How to bid your insurance.

• Common mistakes banks make.

The sessions were conducted by Scott Simmonds, CPCU, ARM, CMC, a “fee only” insurance consultant whose experience working with banks spans twenty years. Simmonds doesn't sell insurance and never receives fees or commissions from insurance companies or agents. He's unbiased and not afraid to shoot from the hip with the best information and advice. Bank insurance issues are a specialty of Scott's.

More sessions will be announced soon.
Email Scott@ScottSimmonds.com to be notified of future sessions. No obligation.