Iowa Bankers Association Iowa Bankers Mortgage Corporation
Iowa Bankers Insurance
and Services
8800 NW 62nd Avenue
PO Box 6210
Johnston, IA 50131
Toll-Free: 800-532-1423
Fax: 515-286-4214

IBBP Customer Service:
125 Claim Fax:
IBBP Billing Fax:

Agent Customer Service:

Safety Group

Safety Group

The Mid America Financial Institution Safety Group offers a comprehensive package policy written through Chubb Group of Insurance Companies.  The property, liability, and auto policies, are all tailored specifically to meet the exporsures of financial institutions.  Experience earnings distributions are paid to all active policyholders if the loss experience for the entire group is below 40% of the earned premium for the entire group.  This Safety Group concept has proved to be an excellent way to further reduce our competitive premiums.


This coverage will pay for direct physical loss or damage to covered property (building and contents).  The policy form requires that you insure your property for 100% of its replacement cost.  All coverages are written on a Chubb's Customarq Form, which is a special perils cause of loss form specifically tailored to property owned by financial institutions.

  • Blanket Coverage Buildings & Contents
  • Blanket EDP Coverage
  • Extra Expense-- Specific & Blanket
  • Valuation-- Replacement/no co-insurance clause
  • $500,000 property basket per scheduled location
  • Customarq broad perils


The commercial General Liability section will pay those sums that you are legally obligated to pay as damages because of  bodily injury, property damage, personal injury, or advertising injury to which the insurance applies.

  • Aggregate per location
  • Customer personal injury endorsement
  • World wide coverage
  • Contingent trust liability
  • Fellow employee exclusion deleted


The Business Auto policy provides coverage for your owned automobiles.  Coverage can be extended to non-owned and hired automobiles, as well as to automobiles you repossess. The major coverages available are Comprehensive Automobil Liability, Medical Payments, Uninsured Motorists Coverage, Comprehensive Physical Damage, Collision Physical Damage, Repossessed Auto Physical Damage.

  • Symbols-- 10-2-8
  • No fellow employee exculsion-endorsement
  • Employees as insureds-- endorsement

Mortgage Holders Errors and Omissions

This property coverage indemnifies the mortgage holder (bank) for the loss of unpaid mortgage principal and accrued interest when a direct physical loss arises and the mortgage holder (bank) did not procure or maintain valid insurance to protect the mortgaged property in accordance with the terms of the mortgage agreement.

  • No retention
  • Pay on behalf of
  • Aggregate limits per location
  • World wide coverage

Workers Compensation

This policy provides Workers' Compensation benefits to your employees as determined by state statute.  All policies also include Employers Liability coverage to protect employers from injured empolyees who may bring legal action against you outside of the worders' compensation laws of the state.


This policy provides higher limits of liability on a following form basis over the primary or underlying liability policies.


Companies IBIS markets

Chubb Group of Insurance Companies
Rated “A++“ by A.M. Best as of May 2021

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Mid America Banking Insurance Services, Inc., a subsidiary of IBIS, provides insurance programs to banks outside of Iowa. 

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Iowa Bankers Mortgage Corp. (IBMC) offers the products & experience Iowa banks need in the secondary mortgage market.

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The Iowa Bankers Association (IBA) is dedicated to serving Iowa banks and their employees.

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