Nuts & Bolts: A new package from the Chubb Group of Insurance Companies can help community banks minimize coverage gaps through an integrated mix of six coverages. Chubb’s ForeFront Portfolio for Community Banks consists of liability coverage for directors and officers, bankers professional, employment practices, fiduciary, outside directorship and lenders.
Dollars: Chubb will market this package to community banks with assets of $1 billion or less that operate in a small geographical area. In addition to being able to select which coverages to purchase, customers can choose separate limits for each coverage, opt for an aggregate limit for all the coverages, or combine coverages under aggregates.
Carrier: Executive Risk Indemnity, Federal Insurance Co.
States Available: All states except Alaska, Louisiana, Vermont, Virginia and Wyoming.
Contact: Local Chubb branch office or Jeffrey J. Brown, (908) 903-2664 or jjbrown@chubb.com.
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