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:

  • Directors and Officers Insurance
  • Cyber attack and liability protection
  • Bankers professional liability
  • Financial institution bonds
  • ID fraud expense reimbursement
  • Fiduciary liability
  • Lender liability
  • Kidnap, ransom, and extortion coverage
  • Workplace violence expense coverage

Most people don’t realize how dangerous is can sometimes be to work with money. If someone thinks you’re the reason they lost money, they might take you to court. Working with money is a sensitive thing, not just for the information you need to protect for your customers but also what happens to people who lose everything and need someone to blame.


Protect yourself, your employees, your customers, your board of directors, and your shareholders with the right coverage. At Patterson Insurance, we have a team of agents who understands that banks are different from most businesses. We’ll make sure you get insurance that makes sense for your bank and helps protect against the inevitable risks that come with working in the financial world. Money does strange things to people, but you shouldn’t lose your livelihood over it.

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The coverage you can count on to protect the life you’ve worked so hard to build, from agents that will treat you like part of the family. It’s the Patterson way.

Bank insurance isn’t all you need.

Make sure you have enough general liability, property insurance, and commercial auto insurance for your financial institution, as well. We’ve got agents who can help you get the coverage you need for any business that will fit your budget.