Directors and Officers Liability Insurance

Whether the result of willful misconduct, human error or technical issues, failure to perform requires banks to have Directors and Officers Liability Insurance.

Directors and Officers Liability products vary significantly and selecting the right coverage requires the help of someone who truly understands the financial institution’s specific needs. At FNBB Insurance Agency, we structure each policy around the specific needs to the financial institution, their tolerance for risk and their exposures. We also understand premium expense can be a factor in determining coverage and we are able to provide a variety of options. Our goal is to clearly communicate with the banker and provide the data and pricing they need to make informed decisions.

After evaluating your current program, our experts advise of possible weaknesses and offer workable alternatives. We also monitor your program throughout the policy term to ensure you stay properly protected.

• Directors and officers liability (Side A and B)
• Company/entity liability
• IRA/Keogh liability
• Not-for-profit liability
• Fiduciary liability
• Trust Department E&O liability
• Employment practices liability
• Third-party harassment liability
• Securities liability
• Lender liability
• Professional liability
• Internet/cyber liability
• Electronic publishing liability
• Investigative expense options
• Customer privacy options
• Public relations expense options
• Punitive damage review
• Limit reviews for each D&O coverage part to determine how you compare to your peers
• Evaluation of “separate” vs. “shared” limits
• “Disappearing deductible” availability as a reward for being loss-free
• Free HR and attorney helpline additions for your risk management program.

Solutions to Fit Your Needs

There are no standard D&O insurance policies. As a member of Community Financial Insurance Center, LLC we have access to carriers that specialize in insurance products for financial institutions worldwide. We review your current policies to identify and present options to meet your individual needs.

It’s important to remember:

• Litigation without insurance can put a severe dent in financial statements
• D&O insurance protects the personal assets of directors, officers and employees from losses arising from “wrongful acts”
• Policies have evolved to include a wide range of exposures, from fiduciary and entity coverage to employment practices liability

Note: Insurance products are not insured by any federal government agency. Not a deposit. Not FDIC insured and not guaranteed by this bank.