The Mid America Financial Institution Safety Group is written through Chubb Group of Insurance Companies, and offers an experience earnings distribution to all financial institutions written in the program if the loss ratio of the group falls below 40%. This unique and comprehensive program offers the following enhancements:
Property Coverages
- Blanket coverage building and contents
- Blanket EDP coverage
- Extra expense – specific and blanket
- Valuation – replacement/no co-insurance clause
- $500,000 property basket Limit per scheduled location
- Foreclosed property coverage
Liability Coverages
- Aggregate per location
- Customer personal injury endorsement
- Worldwide coverage
Auto Coverages
- Fellow employee exclusion removed
- Symbol 10, 2, 8
- Employees as insured’s endorsement
Workers’ Compensation
Umbrella/Excess Liability Coverages
- No retention
- Pay on behalf of
- Aggregate limits per location
- Worldwide coverage
Additional Coverages
- Felonious Assault Coverage
- Mortgage Holder Errors and Omissions
