Midwest Bankers Insurance Services (MBIS) was created by the WBA and the Minnesota Bankers Association jointly to help satisfy the insurance needs of our member banks. A few of the more popular product offerings include those listed below.

Coverage is available for a broad array of exposures, including Computer Crime, Trading Loss, Safe Depository Legal Liability, Fraudulent Real Property Mortgages, Unattended ATMs, Claims Expense, Transit Cash Letter Reconstruction, Check Kiting, and Stop Payment Legal Liability.

We can also provide coverage for Blanket Extortion (Kidnap & Ransom) with coverage for cyber-extortion.

A traditional D&O policy provides coverage for claims brought against your directors and officers. MBIS programs can also provide coverage for Lender Liability, Employment Practices Liability, Trust Department Errors & Omissions, and coverage for Mutual Funds, Annuities and Insurance Sales.

Property/casualty packages are designed especially for banks and incorporates a number of coverage extensions such as fine arts, personal property of others, valuable papers, accounts receivable, property in transit and extra expense. Electronic data processing coverage (including breakdown) is included, as is coverage for back-up of sewers and drains.

The Umbrella program provides excess liability protection over underlying, primary insurance coverage or the self-insured retention. Workers' Compensation coverage is also available.