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Now’s the Time to Review Your Coverage

EBC and MBIS offer flexible security for WBA-member banks

By Daryll J. Lund

As National Insurance Awareness Day approaches on June 28, all WBA-member banks should take a moment this month to review their insurance policies. While this is good practice in preventing certain aspects of the bank from going underinsured, it is also important to verify your bank and employees are getting the best offers for the best price.

The Wisconsin Bankers Association – Employee Benefits Corporation (WBA EBC) offers WBA-member banks competitively priced plans covering life and disability, dental, medical, prescription drug, and vision insurance. Our flexible plans allow Wisconsin community bankers the purchasing power usually only offered to larger groups and access to an online insurance portal. Contact Brian Siegenthaler at 608-441-1211 or bsiegenthaler@wisbank.com to learn more.

Additionally, Midwest Bankers Insurance Services (MBIS), co-owned by WBA, offers banks throughout Wisconsin security with three distinct lines of coverage — professional lines (FI bond, D&O liability, and cyber liability), property casualty lines (building, liability, business auto, workers compensation, and umbrella liability), and lending-related lines (mortgage protection/E&O, lenders single interest, force placed hazard, and flood). These coverage lines protect banks across the Midwest and allow them to stay ahead of the unexpected. MBIS offers solutions and protection from the best carriers in the insurance industry. Contact Jeff Otteson at 608-217-5219 or jeffo@mbisllc.com to learn more about enrollment.

As uncertainty in our daily lives remain — be certain that WBA EBC and MBIS are here to offer the best, competitively priced policies for both your bank and employees. Take the first step in strengthening your employee benefits package or bank coverage lines this June by enrolling with WBA Insurance Services!