Bond and D&O Insurance Coverages
ABA Sponsored Insurance Program

American Bankers Professional and Fidelity Insurance Co. - ABPFIC
underwritten by Progressive

Important Announcement:
ABPFIC to Purchase Progressive's Interest in Insurance Program
FAQs Regarding Purchase

 | How to Apply | More Program Information |
| STAMP Surety Bond | Employment Practices Loss Control Resources |
| Internet Banking Liability Coverage |

SafeTalk: Spring 2009   Special Reports The Best Defense Against Check Fraud: Training Understanding and Minimizing Fiduciary Risks Five Internal Controls for Preventing Embezzlement Top 10 Ways to Avoid Employment-Related Problems Identity Theft: Is It Covered?

For ABA Members -- Mission Critical Insurance...

With the knowledge of professional bankers and the strength of an A+ rated insurance company, the ABA Sponsored Insurance Program was created specifically to address the needs of community bankers for professional liability and fidelity insurance coverages.

In addition to broad coverages and free loss control programs, the program distributes profits to ABA member banks, who automatically become owners of the mutual reinsurance company, ABPFIC. Since 1991, approximately $67.5 million in profits has been shared by more than 1,600 community bank partners.

PROGRAM BENEFITS

• Innovative coverages such as Privacy Protection to address bankers' evolving needs
• Profit sharing distributions ($67.5 million to date!)
• Loss control resources such as the SafeTalk newsletter, and SafeAlert bulletins, and the Employment Practices Helpline for policyholders of the program's Employment Practices Liability coverage
• Experienced underwriters who understand bank operations and design coverage programs to address the specific needs of each bank
• Membership in a unique partnership
• We work directly with you or with your trusted insurance agent
• 28 State Bankers Associations endorse the program

COVERAGES

Professional Liability

• Directors & Officers Liability 
• Bankers Professional Liability
• Broad Form Company Liability
• Brokerage/Advisory Services Liability
• Depositor Liability
• Employment Practices Liability (new Employment Practices Loss Control Resources are available)
• Fiduciary Liability
• Insurance Services Liability
• Internet Banking Liability
• IRA/Keogh Liability
• Lender Liability
• Privacy Liability
• Securities Liability
• Trust Services Liability

Bond Insurance

• Financial Institutions Bond
• STAMP Surety Bond
  

HOW TO APPLY

Progressive Casualty Insurance Company
5920 Landerbrook Drive
PLG-L21
Mayfield Heights, OH 44124
Contact: Judi Kovach
E-mail:  jkovach@progressive.com
Tel: (800) 274-5222
http://banks.progressive.com/

CAB CONTACT PERSONS

John Wolff Tel: (202) 663-5486
Monica Condon Tel: (202) 663-5475

Questions? Please contact Jackie Lucas for more information.