Providing community banks with bond and D&O insurance requires specialized skills, experience, and access to bank-specific markets. That’s why the CBAI board decided in 2011 to partner with a much larger agency that has more expertise to professionally assess bank risk, and the size to access markets that were previously unavailable to us. Through the CBAI-Gallagher partnership, CBAI members now have access to more insurance products and better coverage at competitive rates.

The CBIS insurance portfolio includes coverage options to address:

·         Civil Money Penalties Personal Protection Coverage for Directors & Officers

·         Property

·         Business Income and Extra Expense

·         General Liability

·         Excess/Umbrella Liability

·         Directors and Officers Liability

·         Financial Institution Bond

·         Directors and Officers Side – A Coverage

·         Bankers Professional Liability

·         Broad Form Company Liability

·         Lender Liability

·         Employment Practices Liability

·         Internet Bankers Liability

·         Cyber Liability

·         Privacy Liability

·         Trust Services Liability

·         Commercial Automobile

·         Mortgage Impairment & Omissions with Impairment

·         Collateral Protection

·         (Foreclosed property, forced placed, flood, LSI, equipment or other mortgage-based impairment products)

·         Workers’ Compensation

·         Group Benefits

·         Group Health

·         Group Life

·         Dental

·         Vision Care

·         Short and Long-Term Disability


Service Standards

  • Submission acknowledgement within 24 hours of receipt
  • Proposals delivered on or before mutually agreed upon promised date
  • Binders issued within 24 hours of receipt of binding order
  • Policies issued within 30 days of receipt of all contingency items
  • Claims acknowledged within 24 hours of receipt

For more information, contact Patti Tobin at 217-414-4485, or via email at or visit


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About Community BancService Corporation, Inc.

A subsidiary of Community Bankers Association of Illinois (CBAI), CBSC aggregates the “clout” of CBAI member banks to negotiate lower costs and provide improved access to essential bank products and services. CBSC recommends products and services that assist banks with income-production, expense reduction, consulting, marketing, compliance, equipment, insurance, lending, A/L management and payments. Before the CBSC board of directors awards any program an exclusive partnership, it is subjected to a rigorous due diligence review that includes extensive testing by members, occasionally by independent experts, and negotiation of special member-only benefits. This process typically takes up to six months.

Today, CBAI members use an average of more than five CBSC preferred providers. Last year, members collectively saved nearly $ 1.5 million in purchasing discounts from CBSC-recommended firms. Contact CBSC today and share in the savings.