A trusted adviser for over
700 financial institutions
With our deep expertise and experience, our financial institutions practice will you manage risk and improve your profitability. We partner closely with our clients to develop a risk management solution tailored to their unique set of needs.
We work closely with you to understand your specific lending, financing and servicing environment. We can act as your program administrator and underwriter. We analyze your business processes and create financial institution insurance solutions tailored to your institution’s financial and operational goals whether you seek to protect your lending portfolios, increase your revenue stream or cover your financial institution liabilities.
As a specialist in lending-centric institutions, we understand building and administering core risk strategies, while also being knowledgeable of the governing regulatory environment. Mindful that you rely on your third party providers to have the proper data security protocols in place, unlike most other insurance brokers, we have made significant investments in creating a data secure vendor management ready environment.
Learn more about how we can help your financial institution. Contact a HUB advisor to get started.
Portfolio Protection
As a lending institution, one of your biggest risks is protecting your portfolio. We provide program design, operational support and analysis around your collateralized lending programs.
As a lending institution, one of your biggest risks is protecting your loan portfolios. We provide you with program design, operational support and analysis around your collateralized lending programs. HUB is not just the broker — we act in a full program administrator capacity and are actively engaged at the loan level with our clients.
REAL ESTATE PORTFOLIO
- Lender Placed Hazard, Flood, Wind
- Outsourced Insurance Tracking
(Residential and Commercial) - Mortgage Impairment
- Blanket Mortgage Protection
- REO Hazard, Flood, Wind
- General Liability
VEHICULAR PORTFOLIO
- Creditor Placed Insurance (CPI)
- Blanket Lenders Single Interest (LSI / VSI)
- Outsourced Insurance Tracking
We protect your financial institution from unnecessary enterprise risk through specialty insurance coverages.
SPECIALTY RISK
- D&O (Primary & Excess)
- Cyber
- Bankers Professional Liability
- Financial Institution Bond
- Trust Services Liability
- Employment Practices Liability
- Debit Card Fraud Coverage
- Fiduciary Liability
- Kidnap and Ransom
TRADITIONAL RISK
- Property
- Package
- General Liability
- Umbrella
- Workers Compensation
- Commercial Auto
- Environmental Liability
We strengthen your balance sheet while helping you bring value to your consumers through compliant direct-marketed, loyalty and affinity fee income programs.
- Accidental Death & Term Life Insurance
- Checking Account Strategies
- Credit and Mortgage Life & Disability
- GAP
- Identity Theft
Our team of board-certified and credentialed claims, safety, security, property and environmental professionals are here to assist you in developing a multitude of risk control strategies.
One of the biggest risks for today’s financial institution centers around data breaches. It’s not just about buying insurance. HUB’s Risk Services team works with financial institutions to help you create the right architecture with taller and thicker walls protecting your data. That also includes developing and testing a breach plan, for the what if.
DATA SECURITY
- Review of Data Breach Incident Response Plan / Development of Data
- Breach Incident Response Plan
- Onsite Table Top Test of Data Breach Incident Response Plan with Risk
- Consulting Analysis
- Cyber Risk Assessment
- Cyber Insurance Coverage Review
- Cyber Crime Training / Employee Modules
- Vendor Management Protocol Review
- Business Continuity Plan – Onsite Table Top Test
RISK CONTROL
- Robbery Training
- Active Shooter Training
- Physical Security Threat Assessment
- Premises Liability Evaluations Including Slip and Fall Assessments
HUB has resident level expertise that works with financial institutions to help them attract, retain and motivate top talent through assessment and development of Executive Benefit Plans and BOLI / COLI strategies.
- Executive Benefit Programs
- Nonqualified SERP
- Nonqualified Deferred Compensation
- Executive Life and Disability
- Bank Owned Life Insurance
- Program Oversight, Accountability and Compliance
Together we’ll develop a comprehensive multi-year strategy that Fortune 500 companies enjoy — scoped, scaled and tailored for your institution.
Our engagements balance the needs of multiple stakeholders within your institution, from Executive Management, to Human Resources, to Finance, to Company Employees.
- ACA Compliance
- Employee Engagement
- Employee Health & Performance
- Strategic Benefits Planning
- Voluntary Benefits
How do you ensure regulatory compliance and data security when working with 3rd party providers?
Turn a potential vulnerability into a source of strength.