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Community Bank Protector® for Growth Enterprises

Community banks have special liability needs that may not be covered by their general liability insurance policy. Community Bank Protector® coverage gives community banks with up to $1 billion in assets and up to 200 employees an affordable way to manage a broad spectrum of management and professional liability exposures in a single policy.   This customizable package policy includes any of the following five coverages:  Directors, Officers & Corporate Liability Insurance,  Employment Practices Liability Insurance,  Banker's Professional Liability Insurance, Lender's Liability Insurance and Employee Benefit Plan Fiduciary Liability Insurance

Features and Benefits Back To Top
  • netAdvantage Security Liability Endorsement is designed to protect community banks from potential network security liabilities arising from providing on-line services to customers
  • Limits per occurrence or per claim (where applicable): $1 Million; Limit in the Aggregate: $50 Million; Minimum Deductible: $10,000; Minimum Retention: $10,000; Limits Available Up To: $50 Million
 
Claims Back To Top

When a claim occurs, our goal mirrors that of our customer: To resolve it as quickly and fairly as possible. To achieve this goal, Growth Enterprises draws on our vast claims handling resources, including experienced claims specialists and the nation's premier defense attorneys, who have expertise managing even the most complex, sensitive claims and litigation.

To report a Community Bank Protector® claim, download our claim reporting form and submit it via one of the following methods:

Mail: c-Claim for Financial Lines, 
        175 Water Street, 9th Floor
        New York, NY 10038

Fax: 866-227-1750

Claim Scenarios:

A class action suit was filed against a bank alleging that customers were solicited be unlicensed and unregistered employees who encouraged them to buy mutual funds instead of traditional FDIC-insured products. The complaint includes allegations of violations of federal and state banking, securities and anti-racketeering laws and regulations as well as NASD rules and regulations. Plaintiffs seek compensatory damages, the cost of litigation and treble damages.