Financial Institutions

Financial Institutions

Financial Institution Insurance for Banks and CDFIs

The world is changing at a rapid pace, making financial institution insurance and risk management more crucial than ever before. From cyber breaches to foreclosures and company mergers, you face complex loss exposures. You need an experienced insurance partner – a partner who stays on top of the latest information from the FDIC and the Department of Banking Insurance (DOBI) and who insures countless other community banks and community development financial institutions. That partner is Borden Perlman.

Financial institutions choose Borden Perlman for these four reasons:

  1. Due diligence and regulatory assistance – We work with financial institution boards to help them make informed decisions, prepare for the future, and communicate their preparedness with regulators.
  2. Best practices education – We help you stay ahead of the risk management curve with training and advice pertinent to your industry on matters such as the Bank Secrecy Act (BSA), Anti-Money Laundering (AML), wire transfers, cyber security and more.
  3. One stop insurance source – From directors and officers insurance to bankers’ professional liability coverage, we have every protection you need. Count on us for mortgage impairment coverage, other real estate owned (OREO), general liability, professional liability, auto, workers’ compensation, property, EPLI, crime, cyber liability and more.
  4. Unparalleled reach – We are licensed in 48 states so we can insure multi-branch institutions and out of state exposures. We also have relationships with more than 30 carriers (and all five of the specialized banking carriers) to ensure you always get the best coverage and pricing available.

In addition to offering top quality financial institution insurance, we deliver unparalleled service, competitive rates and installment payment plans without interest. Policies are issued by stable, “A” rated carriers. Borden Perlman is a member of the New Jersey Bankers Association. For more information or to obtain an independent review of your existing insurance portfolio, email or call Doug Borden directly at 609-896-3434, ext. 109.

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