Venture Programs Inc. has expanded its banking program with a new package of products from The Hartford Financial Services Group Inc.
The Hartford product targets banks and credit unions with less than $2 billion in assets, investment firms with less than $2 billion in assets under management, and insurance companies with less than $2 billion in written premium.
Through The Hartford, Venture Banking will offer broad standard commercial lines coverage, including property, mechanical breakdown, general liability, commercial auto, workers’ compensation and umbrella liability, in addition to several industry-specific coverages, such as foreclosure, trust, automobile repossession and mortgageholders’ insurance. In addition, for institutions above the one billion asset level, management liability coverages are offered through The Hartford’s Hartford Financial Products division, including directors & officers (D&O) insurance, errors & omissions (E&O) coverage, employment practices and fiduciary liability insurance.
Also available are financial institution bonds, which provide protection against catastrophic losses due to employee dishonesty, forgery and computer fraud, as well as products to meet miscellaneous surety needs. All insurance coverages are individually underwritten and may not be available in all states.
For more information on Venture Banking, contact Richard Look at (800) 282-6247, ext. 280.
Was this article valuable?
Here are more articles you may enjoy.
Growing Wildfire Risk Leaves States Grappling With How to Keep Insurers From Fleeing 
Florida Governor Signs Wind-Mitigation Funding Bills for Homes, Condos 
Travelers to Open Technology Office in Atlanta 
Insurers Get Green Light to Pay Less Than Billed Charges in Florida PIP Cases 
