Carrying the right policies and the right amount of coverage is essential for protecting your community bank. Experience the difference of working with a top-ten, commercial insurance agency underwriting only community banks. We will customize your community bank’s coverage to make sure you’re carrying the right policies and amount of coverage.
Protecting your business’s ability to thrive is the priority of ICBM Insurance. You’ll appreciate our commitment to your bank’s success and customer service that is second-to-none.
Formed in 1997 with a vision to match each bank with the best coverage and pricing available in the market, ICBM Insurance is an independent insurance agency owned by ICBM. We focus on the success of ICBM members. Through relationships with major insurance companies, ICBM members are provided with a wide variety of valuable insurance resources.
Kevin E. Christians
Executive Vice President
Cell Phone Number: (612) 720-3199
Fax Number: (651) 789-3995
Kevin J. Burr
Senior Vice President
Cell Phone Number: (320) 248-5039
Fax Number: (651) 789-3994
Richard J Wright
Senior Account Manager
Direct Number: (651) 789-3986
Fax Number: (651) 789-3996
ICBM provides your financial institution with options for property & casualty insurance:
Mortgage insurance solutions designed to maximize coverage and reduce costs.
Provides protection that can be customized to your financial institution with a variety of coverage options that are available all under one policy.
Provides protection to the directors, officers, and employees of the financial institution against claims made for wrongful acts, errors, or omissions in the management of the financial institution.
Employment Practice Liability: Provides protection against claims made for a wrongful act in connection with any actual or alleged employment practices related event. Failure to hire, failure to promote, job re-assignment- discrimination – harassment including sexual harassment and other HR related issues.
Fiduciary Liability: Provides coverage to the financial institution for an actual or alleged breach of responsibilities, obligations or duties prescribed by ERISA and any negligent acts, errors or omissions in the administration of the plan(s).
Bankers Professional Liability: Provides protection to the financial institution for services provided to the customer that fall within the definition of the policy against negligent acts, errors or omissions in providing or failing to provide professional services.
Lender Liability: Provides protection to the financial institution against claims made for wrongful act relating to the extension of credit or actual or alleged failure or refusal to extend credit.
We’ll help your community bank find the right combination of cyber insurance coverage! It doesn’t have to be difficult. We will do the work so you can relax.
Network and Information Security Liability: Provides coverage for: A) Claims arising from the unauthorized access to data containing identity information. B) The failure to provide notification of data breach where required by law. C) Transmission of computer virus. D) Liability associated with the failure to provide authorized users with access to the company’s website.
Communications and Media Liability: Provides coverage for claims arising from copyright infringement, plagiarism, defamation, libel, and slander in electronic content, such as websites and email.
Crisis Management Event Expense: Coverage option for public relations services to mitigate negative publicity as a result of a data breach.
Security Breach Remediation and Notification Expenses:
Provides coverage for:
Regulatory Defense Expenses: Coverage for governmental claims made as a result of network and information security liability and communications and media liability.
Business Interruption and Additional Expenses: Coverage for loss of income, and the extra expense incurred to restore operations, as a result of a computer system disruption caused by a virus or other unauthorized computer attack.