Coverage Gaps for Community Banks

Nuts & Bolts: A new package of insurance policies from the Chubb Group of Insurance Companies can help community banks minimize coverage gaps through an integrated mix of six coverages tailored to each customer’s needs. Chubb’s ForeFront Portfolio for Community Banks consists of insurance policies for directors and officers liability, bankers professional liability, employment practices liability, fiduciary liability, outside directorship liability and lender liability.

Dollars: Suitable for community banks with assets of $1 billion or less operating in a small geographical area.

Carrier: Executive Risk Indemnity, Federal Ins. Co.

States Available: All except Alaska, Louisiana, Vermont, Virginia and Wyoming.

Contact: Local Chubb branch office or Jeffrey J. Brown, (908) 903-2664 or jjbrown@chubb.com.