Financial Institution & Bank Insurance
Lenders require a special set of insurance lines. Get your bank insurance through Reynolds Insurance.
Standard insurance lines are not extensive enough to protect commercial lenders from the wide set of risk factors that present themselves daily. Reynolds Insurance offers specialized insurance lines just for banks. We understand the liabilities that banks encounter so we ensure that our product library is as excessively comprehensive as possible.
We offer the following lines under our bank insurance program:
- Mortgage Errors & Omissions - covers errors and omissions claims resulting from errors caused by either the lender or the borrower resulting in the loss of a mortgaged property.
- Flood Determination Services - written verification of flood zones to identify properties eligible for flood coverage loans.
- Banker’s Blanket Bond – protects the lender from loss caused by employee dishonesty, forgery, theft, or fraud.
- Lender Liability - covers the lender in a credit transaction with a current or prospective borrower.
- Employment Practices Liability - covers indemnity and legal costs for claims associated with employee discrimination, sexual harassment, or wrongful termination.
- Lender’s Specialized Property and Liability Coverage - covers facilities, vehicles, employees, etc.
The list of bank insurance coverages is extensive and complex. Our expert commercial agents simply the bank insurance selection process for you. No one knows banking better than you do, but we can protect you better than any other.
To get the most out of your bank insurance policy, be sure to contact Reynolds Insurance today!