Insurance for Banks
Why choose Zurich for insurance for banks?
Zurich understands the complex risks facing banks. That’s why we deliver a wide variety of insurance products from traditional property and casualty insurance coverages to specialized products attuned to the unique needs of banks.
Specialized Financial Services Coverages
In addition to the many traditional insurance coverages needed by most businesses, Zurich can provide specialized insurance coverages tailored to the needs of financial services firms, including:
- Lender Property Reporting (LPR) Coverage for Foreclosed and Force-Placed Properties
- Mortgage Protection Policy
- Trust Properties
- Repossessed Auto
- Contingent Auto Leasing
Comprehensive suite of insurance coverage for banks
Zurich’s broad all risk property form addresses the exposures that financial institutions face including:
- Technology Service Provider
- Unintentional Errors or Omissions
- Flexible Extended Period of Indemnity options
- Better Green™ - coverage to rebuild to same or higher green standard automatically included via sublimit after a covered loss
- Flexible Accounts Receivables, Valuable Papers, Computer Systems and Fine Arts limits
- Ordinance or Law applies to all covered property and time element loss, not just buildings
- Loss of Utilities includes overhead lines
- Broad personal property definition includes Personal Property of others in your care, custody and control
Coverage highlights that include:
- Broad Named Insured (includes Partnerships, Joint Ventures and LLC’s)
- Automatic Blanket Additional Insured
- Automatic Waiver of Right of Subrogation and primary non-contributory conditions
- Drive-through Automated Teller Machine (ATM) Property Damage
- Definition of Bodily Injury includes mental anguish, mental injury, shock, fright or death
- Crisis Reimbursement
- Essential Executive coverage
Coverage can include solutions for:
Exporter Solutions
- Coverage for domestic companies moving into the global arena
Zurich Envoy®
- Coverage for companies with an established foreign presence
Zurich Envoy® Global Property
- Coverage for larger and more complex risks, our "all risk" property form was built with both domestic and global clients in mind, providing flexibility and alignment with applicable insurance regulations in all jurisdictions where we provide insurance
Zurich Travel Assist
- Provides concierge services (e.g., forgotten prescription, lost passport) and facilitation for medical and security needs
- Directors and Officers (D&O), Employment Practices Liability (EPL), Fiduciary Liability and Crime
- Professional Liability or Errors & Omissions (E&O)
- Cyber
- Level and variable dividend options available
- Loss sensitive programs available
- Headcount retrospective options
- Pay-as-you-go payroll options
Meet our banks specialist
Trey Martino
Head of Financial Institutions and Professional Services
U.S. Middle Market
t.martino@zurichna.com
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Risk Engineering
Through Zurich Resilience Solutions (ZRS), we provide specialized insights and tools to support our customers with solutions addressing traditional and evolving risks – above and beyond insurance.
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Claims Services
Zurich Claims specialists are strategically deployed in the U.S. and around the globe to help customers mitigate and respond to loss events, and to gain insights into becoming more resilient against future losses.
Learn moreFAQs
Banks deliver services built upon foundations of security and confidence. Your customers look to you for advice and alternatives they can trust. And like them, you deserve services and alternatives you can trust when it comes to insurance.
Zurich offers a “one-stop-shop” solution suite of insurance products, including Property and Casualty, Financial Lines, Cyber insurance, Trust, Mortgage Protection Policies, Lender Property Reporting, and Multinational coverages.