MAY / JUNE 2022 Rod Lasley 'LMIJ 3TIVEXMRK 3JƤGIV Indiana Bankers Association rlasley@indiana.bank @rodlasley Insurance Offerings From bank insurance specialists Having the right insurance coverage and the right amount of coverage is imperative. Banks are unique regarding the types of insurance necessary to provide the peace of mind of knowing that your institution is appropriately covered. IBA Insurance Solutions, a partner of the Indiana Bankers Association, has more than 45 years of collective experience. The company is committed to finding innovative ways to negotiate more comprehensive coverage terms and better pricing, while reviewing and recommending important, increasingly complex decisions on insurance coverages and limits. A tremendous benefit of working with IBA Insurance Solutions is that each member of the team is experienced and focuses exclusively on the insurance needs of banks. As a result, the insurance offered is custom-tailored to match the specific needs of your bank. These needs are continually changing as banking challenges evolve, meaning that your bank’s insurance needs are affected … even if you don’t realize it. The same coverages you had in place 20, 10 or even as recently as five years ago might not be sufficient today in the face of rapidly changing digital transactions and increased compliance burdens. The IBA Insurance Solutions team understands how your business works, the unique needs of banks, and how these needs continue to change. Having an insurance partner that specializes in banking and its changing needs provides you with a trusted, knowledgeable adviser your institution can rely on. The Indiana banking community deserves unbeatable service and coverage, and IBA Insurance Solutions is the partner that delivers. During the four years of the company’s partnership with the IBA, it has helped nearly 30 Indiana banks with some form of coverage including: property/ casualty, collateral protection, bond/D&O, cyber/ breach response and fee-income programs. Its team offers value-added services such as complimentary policy/coverage reviews and dedicated client service professionals. IBA Insurance Solutions will complete a free comprehensive due diligence review of all carriers of bank-related insurance offered. This assures you of an unbiased perspective of your current policies and provides you with honest, valuable insights about the products you depend on to support your bank. The IBA staff is committed to providing Indiana bankers with the products and services necessary for success. Banking is challenging enough with endless red tape, fine print, and banking-related legislation and regulations. You don’t need insurance to be difficult as well. This is your opportunity to make purchasing insurance simple. You can now purchase insurance from your association’s affiliate agency – one that knows banking inside and out. Our insurance team of IBA Insurance Solutions is ready to review your coverages today. Please contact Chuck Maggard at cmaggard@inbankersins.com or 317-489-6928; Brandon Maggard at bmaggard@inbankersins.com or 317-489-6929; or me, Rod Lasley at the IBA offices, 317-387-9380 or rlasley@indiana.bank. HB PRODUCTS & SERVICES PROFILE IBA Insurance Solutions is a Preferred Service Provider and subsidiary of the Indiana Bankers Association.
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