Customized Insurance Coverage for Community Banks

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. 

ICBA/Travelers Announce $4 Million Dividend for Participating Community Banks

Find out more about our Endorsed Provider Travelers


About ICBM Insurance:


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. 



Contact Us:

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:

  • Property Coverage:
    • Buildings
    • Business Personal Property
    • Electronic Data Processing Equipment
    • Equipment Breakdown
    • Signs
    • ATM’s
    • Valuable Papers
    • Extra Expense
    • Business Income
  • General Liability Coverage:
    • On-Premise Liability
    • Personal & Advertising Injury
    • Employee Benefits Liability
    • Medical Expense. 
  • Business Auto Coverage:
    • Physical damage coverage for owned vehicles
    • Liability for owned, non-owned, hired and repossessed autos
  • Umbrella Liability Coverage: Provides excess liability coverage that will go over and above your General Liability, including Business Auto Liability and Work Comp coverage.
  • Workers Compensation: Provides statutory work comp benefits by State and classification code.
  • Safety Group Dividend Plan Option Available

Mortgage insurance solutions designed to maximize coverage and reduce costs. 

  • Lenders Single Interest: Provides protection to your financial institution for consumer installment loans on a blanket basis.
  • Forced Placed and REO Real Estate: Provides protection to your financial institution to residential and commercial properties against failure of the borrower to maintain insurance. Real Estate Owned (REO) by your financial institution can also be insured.
  • Forced Placed Flood: Provides protection to your financial institution to both residential and commercial properties against the failure of the borrower to maintain flood insurance. 
  • Blanket Mortgage Hazard: Provides protection to your financial institution’s uninsured residential and commercial real estate securing a first, second or equity mortgage loan. Claims are settled on a replacement cost valuation basis with no foreclosure requirement. Policies are written on an annual basis and are available through multiple “A” rated carriers.
  • Blanket Mortgage Impairment/Protection Coverage: Provides protection to your financial institution against financial loss due to a variety of loss events, including uninsured damage. Coverage can also be written to eliminate your bank’s need to react to cancellation of borrower insurance. Finally, the policy protects the lender from mistakes that can occur in the day-to-day tracking of insurance documentation, including escrow.
  • Flood Zone Determinations: Life of loan determinations provided by one of the largest and experienced providers in the country that have digital databases containing the flood zone status of more than 150 million properties. On average 92% of determinations are secured within seconds. Flood tracking, portfolio consolidation, and risk analysis of existing mortgage portfolios available.
  • Automated Valuation Model (AVM): Computer-generated valuations for origination and renewal mortgages where a full appraisal is not required. These valuations used in conjunction with ICBM Insurance’s Property and Market Condition report supply lenders with a cost-effective valuation while assisting with compliance with the 2010 Interagency Appraisal Guidelines.
  • Analyst-Assisted Mortgage Valuations: Cost effective valuations for residential or commercial use. These valuations assist lender compliance with the 2010 Interagency Appraisal Guidelines, as they are designed to meet the minimum content requirements for the creation of an evaluation.

Provides protection that can be customized to your financial institution with a variety of coverage options that are available all under one policy.

Insuring Agreements:

  • Employee Dishonesty including Trade or Loan Loss
  • On Premise – Robbery & Burglary
  • Transit/Cash Letter – Property in transit
  • Voice Initiated/Telefacsimile/Fraudulent Instructions
  • Automated Device
  • Counterfeit Money
  • Defective Signature/Fraudulent Real Property Mortgage
  • Check Kiting
  • Forgery/Alteration of Negotiable Instruments & Securities
  • Kidnap, Ransom & Extortion
  • Stop Payment Legal Liability
  • Safe Deposit Box Liability
  • Computer Theft
  • Claims Expense

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:

  • Notification to those individuals of the security breach.
  • Credit monitoring for 365 days.
  • Call center to handle all inquiries.
  • Costs incurred to determine whose identity information was accessed.
  • Identity fraud expense reimbursement for those individuals affected by the security breach.

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.

7900 International Drive, Suite 685,

Bloomington, MN 55425

Phone: 651.687.9080

Fax: 651.687.9387


© 2018 ICBM. All Rights Reserved.

A proud state affiliate of the