Banks
The Directors & Officers (D&O) liability policy was designed to protect the personal assets of the directors and officers against losses arising from wrongful acts.
Recognizing that not all community banks are identical, Hull & Company, Inc. (RFO) manages the negotiations for a D&O policy that provides responsive terms of protection to suit the unique needs of any bank and its board of directors.
Eligible Accounts:
No restrictions. We actively manage accounts that range from De Novo Institutions to distressed banks subject to regulatory proceedings and investigations.
Coverage:
- A.M. Best “Excellent” Rated Admitted and Non-Admitted carriers
- Primary and Excess
- Preserving personal liability coverage in circumstances that involve shareholder derivative actions, federal securities laws violations and corporate insolvency.
- Preserving personal liability coverage when fraud is involved or the entity is implicated.
- Protection for the bank's balance sheet for claims against the entity.
Applications:
(includes Directors and Officers Liability, Employment Practices Liability, Fiduciary Liability, Bankers Professional Liability, Insurance Company Liability, Security & Privacy Liability, Employed Lawyers Professional Liability)
(includes Directors and Officers Liability, Trust E&O, Bond Form 24, Fiduciary Liability and Employment Practices Liability)
Bankers Professional Liability Supplement
Banks in Organization (De Novo) Application
ARTICLES:
Other Bank Specific Coverages:
- Bankers Professional Liability
- Brokerage/Advisory Services (coverage provided under a Bankers Professional Liability policy/endorsement)
- Data Processing Services (coverage provided under a Bankers Professional Liability policy/endorsement)
- Depository Services (coverage provided under a Bankers Professional Liability policy/endorsement)
- Employment Practices Liability Learn More
- Fiduciary Liability Learn More
- IRA/Keogh Liability (coverage provided under a Bankers Professional Liability policy/endorsement)
- Insurance Services (coverage provided under a Bankers Professional Liability policy/endorsement)
- Internet Banking Liability / Data Breach and Privacy Protection Learn More
- Lender Liability (coverage provided under a Bankers Professional Liability policy/endorsement)
- Mortgage E&O and Impairment Coverage
- Miscellaneous Consumer Banking Services such as wire transfer services, credit card administration, and sale of travelers checks and money orders (coverage provided under a Bankers Professional Liability policy/endorsement)
- Notary Services (coverage provided under a Bankers Professional Liability policy/endorsement)
- Real Estate Services (coverage provided under a Bankers Professional Liability policy/endorsement)
- Trust Services Liability (coverage provided under a Bankers Professional Liability policy/endorsement)
Other Coverages:
All or most other coverages that comprise the RFO practice are relevant for banks. Contact a staff broker to discuss a particular account.
- Financial Institution Bond Learn More
- Kidnap, Ransom & Extortion Insurance Learn More
All insurance product and/or coverage descriptions are informational only. It is neither an offer to sell nor a solicitation to purchase any particular insurance product. Coverage may not be available in all jurisdictions.