IBC PARTNERS WITH HUB INTERNATIONAL
SOUTHWEST
The
IBC and IBC-Insurance have partnered with HUB International Southwest
to bring you
several new and enhanced insurance products to benefit you. HUB works
locally within Colorado, and
by working with local insureds, HUB has grown to be one of the
largest
brokers in the United
States. In Colorado,
HUB has offices in Avon, Basalt, Boulder,
Colorado Springs, Commerce City, Denver,
Glenwood Springs, Grand Junction, Pueblo,
Steamboat
Springs, and Trinidad.
To learn more about HUB International please
call Brett Plant at 719-544-2533 or Randy Rush at 303-280-1215 or visit
their website www.hubinternational.com.
BANK INSURANCE PRODUCTS
St. Paul’s
SelectOne From financial
institution bond, directors
and officers liability, bankers professional liability or other
property/casualty
coverages, we offer the SelectOneSM portfolio of products designed by
The
St. Paul exclusively for community banks. Community banks that
are
also members of the ICBA may participate in the ICBA
safety-group-dividend
plan.
Employee
Benefits
IBC Insurance, LLC and our insurance
partner, HUB
International, are pleased to announce a comprehensive employee benefit
program
for IBC members. Together IBC Insurance
and HUB have developed a portfolio of employee benefit products
specially
priced and underwritten for the Independent Bankers of Colorado. We have partnered with leading insurance
providers:
United
Healthcare
Sun Life Financial
VSP
Colonial Life
Health Advocate
to provide special products and pricing for our
organization. These include special
services typically not available to smaller organizations, including
proprietary customer service assistance, wellness programs and
discounted
insurance premiums on dental, life, disability, vision and voluntary
benefits. The insurance carrier
partners have also agreed to waive certain underwriting guidelines,
which
result in lower participation requirements and higher guaranteed issue
amounts
of coverage. Additionally, HUB will
provide your organization with legislative compliance, COBRA and FSA
administration.
LOAN
PROTECTION PRODUCTS
Environmental
Environmental
Risk Insurance protects the lender
from loss arising out of a default by a borrower on a commercial real
estate
loan secured by an insured property where pollution is discovered, by
paying
off the balance of the loan. It also
provides insurance coverage for third-party bodily injury and
third-party
property damage resulting from on- and off-site pollution.
Financial
Gap Coverage
Financial Gap Coverage can
help your bank avoid a potentially serious loss that may arise when a
customer’s car is totaled in an accident shortly after taking out his
loan. This exposure is created when the
insurance company settles the claim on an actual cash value basis and
the
settlement is much less than the remaining note. Financial
Gap Coverage is a customer service
that provides your bank fee income.
Lenders
Single
Interest Insurance (LSI) Programs
Blanket LSI Insurance
provides insurance against exposure from uninsured
drivers.
Specific
Single Interest Insurance (SSI) assures lower LSI rates by
placing
policies on
those who fail to provide insurance
Automated Insurance
Management System (AIMS) provides
a sophisticated tracking
system with Force Place Policies
issued for those who can’t or won’t get protection as
agreed. Recommended for large
consumer loan
portfolios—includes Blanket LSI protection
at no cost.
Real Estate Property
Insurance Program (REPIP) provides
All Risk Insurance for
residential or commercial
properties—some of which may be foreclosed (REO), vacant, or
unoccupied.
Keyman Life Insurance
We can provide life
insurance coverage for
commercial loans if your bank has no one licensed.
We represent over 40
companies and we can get the best protection at the best price.
Simple Issue Term Insurance
This product has 5 health
questions. If your loan customer answers no to all five ---it is an
automatic
issue. No further health or medical records are required. The policy is
issued
within
24 hours. The limit of insurance is $150,000.
Debt
Cancellation
This is a monthly
billed
banking product that has consumer and commercial applications.
Coverages offer
life or accidental life,
disability,
and unemployment . This product is 100%
reinsured by Zurich ( Empire
Indemnity) and offers
a profit margin of
your choosing. This is a
bank product so there
is NO required licensing.
Force Placed and Foreclosed
Property
We can force place
insurance
on residential and commercial properties. One
of our markets has
an easy to use windows based system that lets you
get on and add and subtract properties---and it
can generate reports.
FOR MORE INFORMATION CONTACT:
Jennifer Lusk at IBC-Insurance, LLC
Office Phone 303.832.2000 or e-mail jlusk@ibcbanks.org
OR
Brett Plant or Randy Rush at HUB International Southwest
Office Phone 719-544-2533 or e-mail brett.plant@hubinternational.com
Office Phone 303-280-1215 or randy.rush@hubinternational.com
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