In April, CNA will join other members of the Independent Community Bankers of America (ICBA) to celebrate Community Banking Month with the announcement of its customized Epack Extra form for Community Banks. The insurer’s program is targeted to commercial banks, savings banks, savings and loan institutions and credit unions with less than $3 billion in assets. De novo institutions are also eligible for coverage.
Epack Extra for Community Banks includes expanded and simplified coverages for directors & officers (D&O), employment practices liability (EPL), fiduciary liability, bankers professional liability (BPL), network security & privacy liability and fidelity bond. Individual coverages can be purchased standalone or in various combinations, with discounts applied for multiple coverages. Epack Extra has been filed nationwide and is approved in over 40 states. Limits up to $10 million are available for D&O, EPL, fiduciary, BPL, network security and FI Bond.
Epack Extra is among the portfolio of property-casualty coverages that CNA offers to community banks. In addition to Epack Extra, CNA Community Bank products include commercial property (including coverage for foreclosed properties), workers’ compensation, general liability, auto liability (including coverage for repossessed autos) and umbrella.