Financial Services Essential to understanding and protecting your financial institution

ESSENTIAL EXPERTISE -- OUR TEAM OF INDUSTRY SPECIALISTS SERVES MORE THAN 30 PRIVATE AND PUBLICLY-HELD CLIENTS.

The fact is, our roots are in banking. Not only did SRA's three principals, Bill Schifman, Gary Remley and Randy Larsen each come to SRA from the banking industry with a combined 25 years experience, but every member of SRA's Financial Industry team brings specific and relevant experience. And having a dedicated team means when you have a question, you can rest easy knowing someone from your Integrated Client team is always in the office, committed to resolving any
problem that may arise. You call a member of the team directly — not a random 800 number.

SRA UNDERSTANDS YOUR INDUSTRY-- INSIDE AND OUT.

While most insurance brokerages are “generalists,” SRA offers the financial industry a highly-experienced, fully-dedicated team.

The result is we understand the special kinds of products and high-quality personal service that banks need. When you work with SRA, there simply is no learning curve. We speak your language. We’re intimately familiar with the everyday problems bankers face — including the growing complexities of managing liability in the new economy of intense regulatory oversight, increased class action lawsuits, D&O claims and emerging cyber liability.

ESSENTIAL ANALYSIS TO HELP YOU MAKE INFORMED DECISIONS.

The insurance policies of Financial Institutions are unique. It takes experienced specialists to know when, where and how to negotiate changes to the terms and conditions of your insurance; including which exclusions may be removed.

STEP#1 -- COVERAGE ANALYSIS

Our Coverage Analysis is the first and often the most important step in optimizing your coverage.

STEP#2 -- PEER BENCHMARKING.

Benchmarking to peer banks gives you important data from similarly-sized institutions across the country so you can compare coverage, limits, retentions, premiums and make informed decisions.

STEP#3 -- SPECIFIC NEEDS.

In compiling our recommendation, we factor in your specific needs and interests...Click here to read more.

THOSE WE SERVE:

› Investment Banks
› Public and Privately-held Banks
› Financial Planners
› Security Broker Dealers
› Hedge Funds
› Private Equity Funds
› Trust Companies

THE PRODUCTS WE REPRESENT:

› Management Liability (Directors' & Officers' Liability for both private and publicly-held institutions)
› Employment Practices Liability including Third Party Liability
› Bankers’ Professional Liability including Lenders’ Liability
› Fiduciary Liability for ERISA Plans
› Professional Liability for Trust Operations
› Financial Institution Bonds
› Cyber Liability (First and Third Party Coverage)
› REO and Forced Placed Insurance
› Workers’ Compensation
› Automobile including repossessed autos
› Property/Liability for bank owned/leased properties
› Risk Management for Mergers and Acquisitions

THE SRA ESSENTIAL ADVANTAGE.

We base your program recommendation on the combination of your coverage comparison, our peer benchmarking and your specific institution's needs and challenges – with the goal of protecting your bank and your board against an uninsured loss.

The result — we have a 97% client retention rate.

Rest assured, when you do face questions of claims, our dedicated in-house claims service will quarterback your claim through the entire process on your behalf.

CYBER LIABILITY SOLUTIONS

As more transactions move online, your institution faces increased risks on both first party and third party fronts. That’s why clients trust SRA — one of the first brokerages to offer cyber liability coverage in the region.

For example, if you suffer an external online security breach you may face significant down time for your system and serious financial loss including:

› expenses related to responding to a major privacy event

› notifying all parties affected

› potential regulatory fines

› costs related to credit monitoring

› outside investigation costs

Third party policies help protect you from data privacy and network security liability, internet and electronic media liability and professional services liability.