Posts filed under ‘Massachusetts Financial Services Agency Inc.’
As you may already know, the Massachusetts Bankers Association has a wholly owned insurance agency, Massachusetts Financial Services Insurance Agency, Inc. which works exclusively with our member banks. Key products include: professional liability and fidelity insurance products such as directors’ and officers’ liability, employment practices liability, financial institutions bond, trust liability and Internet banking liability policies.
Through staff knowledge of both the banking and the insurance fields, we are able to provide your bank with the high degree of expertise that is needed to match the proper insurance coverages with your bank’s risk exposures. In addition to negotiating policy modifications that broaden coverage in favor of your bank, we provide unique, detailed comparisons of the coverages, limits, terms, conditions and exclusions for each insurance carrier’s policy for which we obtain competitive quotes. In fact, many of our members utilize these comparison spreadsheets with their Board of Directors to provide proof of due diligence in obtaining appropriate coverages for the risk exposure of the bank.