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Bank Insurance

Financial Institution Bond

The Bond provides coverage for certain crimes committed against the bank including embezzlements, robberies, burglaries, theft of funds while in transit, check forgeries, forged fax withdrawal orders, debit card fraud, extortion threats to persons and property, etc.  Safe Depository Liability, Mortgage Errors and Omissions and Defective Signatures by Fraud on Mortgages, and Check Kiting coverages are also available and can be added upon request. 

Management and Professional Liability Coverage

This policy provides defense costs for directors, officers and employees when they are named in a lawsuit which alleges they committed some wrongful act while acting as a director, officer or employee of the bank.  In addition to defense costs, the policy will provide coverage for judgments and settlements for covered losses.

Employment Practices Liability can also be included and provides coverage for the defense of the bank along with its directors and officers in situations where an employee, former employee or an employee applicant alleges that the bank wrongfully terminated the employment relationship; failed to promote the employee; wrongfully disciplined the employee; subjected the employee to workplace harassment; or wrongfully failed to employ an applicant.can be added to this policy.

Insurance Agents Errors & Omissions Policy

The coverage is designed for banks that sell insurance products to protect the bank when it is accused by a customer of a wrongful act (error or omission) relating to the sale of insurance. 

For More Information Contact:

Scott Yank
Executive Vice President, NBISCO

Bill Smythe
Vice President, Marketing, NBISCO

Nebraska Bankers Association / 233 South 13th Street, Suite 700 / PO Box 80008 / Lincoln, NE 68501-0008