Illinois Bankers Association

Insurance Services

The Illinois Bankers Insurance Services is full-service, offering directors and officers, bonds, property, liability and other specialty coverage that banks need to operate in today’s environment.

We’re different from our competition because we work only with banks, so we know your business and understand your needs. Coupled with our experience, volume, and reputation with the major insurers, we’re a natural fit. We do the research and bring forward the best products and services available anywhere – building a coverage and benefits packages unique to your situation – not the customer down the street.

Questions / Quote, connect with the Illinois Bankers Insurance Services.

Financial Institution Coverages

Illinois Group Health Plans

We'll find a plan that best fits your bank.

Financial Institution Bond

  • No aggregate Limit
  • Cyber Extortion 
  • Kidnap/Extortion 
  • Claim Audit Expense up to $100,000 
  • Excess Deposit Coverage

D&O Liability

  • Management and Professional
  • Separate Limits/Separate Aggregates
  • Securities coverage 
  • Depositor Liability
  • EPLI
  • Fiduciary and Lender Liability
  • Trust E&O
  • Cyber Liability


  • Blanket coverage Buildings & Contents
  • $500,000 Property Basket per scheduled location
  • Broad Perils
  • Earthquake, Mine Subsidence


  • Aggregate per location up to $10 million
  • Worldwide Coverage


  • Broad Form Endorsements

Mortgage Holders E&O

  • Mortgage Holders E&O

Workers Compensation

  • Workers Compensation


  • No retention
  • Pay on Behalf of Aggregate Limits per location

Forced Placed Consumer Products

  • Forced Placed Consumer Products

Forced Placed Property and Flood Insurance

  • Forced Placed Property and Flood Insurance

Life Insurance Coverage

Your bank may elect to provide Group term life as a flat amount or multiple of salary. Up to three times the employee’s Base Annual Earnings for Life and AD&D, up to a maximum of $250,000. This is one of the least expensive but most beneficial benefits that an employer can provide.

Short Term Disability (STD) and Long Term Disability (LTD) Coverage

Our group plan offers both Short Term and Long Term Disability benefits that afford income protection to bank employees in the event that a disability prevents them from working.  If an employee must miss work, our insurance carrier will ensure that specialized resources and support remain in place to help the employee return to work as soon as safely possible.

Dental Coverage

Our group plan offers a “passive” PPO dental option that affords the savings of a PPO plan, with the freedom to see any dentist. Orthodontia for Children is included in both the $1,000 and $1500 plans.

Vision Care Coverage

Your bank may elect to offer vision as an employer paid benefit or as a voluntary program. The rates are the same. Employees value vision care coverage as an excellent fringe benefit that can only be provided by their employer.