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ABA Insurance Services

5910 Landerbrook Drive
Suite 100
Mayfield Heights, OH 44124

Patricia Williams, CPCU, CPCU, Eastern Region Manager
pwilliams@abais.com
(216) 220-1280; (410) 960-6878
(800) 456-6590 (Fax)

www.abais.com

Bond, D&O, Internet Bond Liability Insurance & Employment Liability

ABA Insurance Services is a long-term, reliable and stable source of D&O, bond and cyber insurance for financial institutions. Endorsed by the American Bankers Association, this bank-owned, banker-directed program has been supporting the banking industry for almost 30 years.

Nearly one out of two Pennsylvania banks purchased their coverage from this PA Bankers Services Corporation Select Vendor program. The program's reinsurer, American Bankers Mutual Insurance, Ltd., has declared a distribution to participating banks for 26 consecutive years, totaling $81.2 million. In 2016, 46 Pennsylvania banks shared over $65,000.

Available coverage includes:

  • Directors & Officers Liability;
  • Financial Institution Bond;
  • Cyber Liability;
  • Employment Practices Liability;
  • Trust Services Liability;
  • Excess Liability; and
  • Surety Bonds, including STAMP.

ABA Insurance Services’ (ABAIS) Advantages:

ABAIS employees are recognized as insurance experts who understand banking operations. ABAIS’ tenured and experienced team of underwriting and claims professionals − many with backgrounds in the banking industry − are highly regarded for their in-depth knowledge and expertise.

As pioneers of cyber coverage, ABAIS has a deep understanding of cyber-related banking issues – in fact, ABAIS’ program introduced the first Internet banking coverage to the bank market in 2001.

ABAIS helps mitigate risks by providing free and valuable loss control resources such as SafeTalk® newsletters, SafeAlert® bulletins and webinars. An Employment Practices Helpline and HRRiskManager.com, managed by the national law firm of Littler Mendelson, benefit employment practices liability insurance customers. ABAIS’ Cyber Care program features Cyber844 breach/loss control resources for Cyber Cover insured individuals.

The hallmark of ABAIS’ program is its customer service. It is renowned for prompt and honest communication, and for providing quotes and proposals by mutually agreed upon promise dates.

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Disclaimer: * Vendor selections and recommendations are made in accordance with the Services Corp's stated mission. It is believed that the promoted products and services merit strong consideration by PA Bankers member banks. PA Bankers Services Corporation's due diligence and selection criteria should not be construed as a guarantee, as the ultimate appropriateness may vary from bank to bank. In addition, PA Bankers member banks are encouraged to conduct their own due diligence reviews of recommended vendors. Remuneration received by the Services Corp is utilized in-part to support the PA Bankers Association through contracted agreements, corporate sponsorships and overhead coverage. This financial support expands resources and strengthens the services and programs of the PA Bankers Association.