Texas Bank Insurance
When the general public thinks about their local bank, they think about their debit card, their direct deposit, maybe even their mortgage. But you know there’s a lot more to banking than that.
Money is less about physical cash these days and more about numbers on a screen. From cash to stocks, employees to shareholders, your bank is keeping up with a lot and protecting not just people’s paychecks but also their investments, mortgages, and identities. You’ve also got to keep up with government regulations, new legislation, and attacks from hackers who’d love to get their hands on your customers’ money and information.
In Texas, bank insurance is more than the general liability or property insurance that every business needs. You need those policies, sure, but you also need much more specific coverage that’s tailored to the unique risks financial institutions face.
Every bank may need something a little different, depending on the size of your institution and the type of finances you handle. In general, though, your bank should have at least the following types of insurance coverage: