Earlier this year, we went through a due diligence process with our property and casualty insurance for our holding company. We were impressed with the knowledge around our needs as a financial institution and the suggestions given regarding our policies. Adam was extremely easy to work with and great at follow-up. The best part was the quote from Illinois Bankers Insurance Services came in lower compared to the company we have been with for more than 15 years. Thank you, Adam!

Michelle L. Gross, 2021 IBA Chair and EVP/COO and ISO, State Bank of Bement

Your leading bank deserves leading industry expertise.

The Illinois Bankers Insurance Services ONLY work with banks. We uniquely know, understand and care about your insurance needs. Find everything you need including Financial Institution coverages, Property & Liability insurance, Workers Compensation, and a menu of Employee Benefits.

Schedule a policy review with Adam Walsh, Vice President, Illinois Bankers Insurance Services, Inc.

4 Easy Steps to Customize Your Insurance Program

1. Connect with Adam Walsh to discuss your bank’s needs based on our line of products through Mid America Banking Services, Inc., and A+ rated companies.

2. Collect basic information, including declaration pages from your current policies, current financials, and loss runs. Upon receipt, a draft summary is prepared of the needed coverages.

3. The summary is submitted to our partner companies - additional information may be requested such as a Cyber Liability Application, Multi-Factor Authentication Attestation, Mortgage Protection Application, or property details.

4. A detailed proposal of your current and recommended coverages is presented to you. Upon approval, a smooth transition is guaranteed.

Financial Institution Insurance


Blanket Coverage Buildings & Contents

Blanket EDP Coverage

Earthquake, Mine Subsidence and Flood

Foreclosed Property Coverage

Force Placed Property and Flood Insurance 


Aggregate Per Location Up to $10M

World-wide Coverage

Fellow Employee Exclusion Deleted 

Cyber Liability 


No Retention

Pay on Behalf of Aggregate Limits Per Location

World-wide Coverage 

Mortgage Impairment E&O


Forced Place 

Workers’ Compensation 


Broad Form Endorsements

Employees as Insureds by Endorsement


No Aggregate Limit

Cyber Extortion

Fraudulent Email, Fax and Voice


Claim Audit Expenses

Stop Pay Legal Liability

Wrongful Check Dishonor

Credit/Debit Card Coverage

Excess Deposit Coverage 


Management & Professional

Separate Limits/Separate Aggregates


Securities Coverage

Depositor Liability

Fiduciary Liability

Lender Liability

Optional Third Party Coverage

Bankers Professional Liability

Trust Errors and Omissions 

Employment Practices Liability Insurance

Employee Benefits


Fully Insured



Employer Paid

Voluntary Plans 


Short Term

Long Term

Individual LTD 


Group Term Life

Voluntary Life

Dependent Life 


Employer Paid

Voluntary Plans 

Pre-Taxed Benefit Plans

Cafeteria Plans

Flexible Spending Accounts

Voluntary Insurance Plans

Revenue Generating Programs

Bank Agency Services 

Turnkey Customer Program

Accidental Health & Dismemberment

Recuperative Care

Hospital Accident Plan

Life Insurance 

Credit Life and Disability 

Home Equity Protection Program