Insurance

Community Bankers Insurance Agency (CBIA) is a fully licensed operating insurance agency dedicated to the insurance needs of community banks and associate members of Community Bankers of Michigan.

CBIA is committed to commission sharing on all programs with licensed bank or corporate owned agencies, except where prohibited by law or regulation.

Through formal partnership with established and fully vetted insurance companies and specialty insurance agencies and providers, CBIA offers insurance services in the following areas:

Employee Benefits:

Partnering with a benefit insurance provider offering competitive products, exceptional service and a 97% retention rate among customers, CBM offers a superior employee benefit option.

Also available with our partner:

• Ancillary and Voluntary Benefits
• Dental
• Vision
• Life
• Long and Short Term Disability, etc.
• Internet based employee enrollment and compliance portal

Lender Placed Insurance:

• Insurance Solutions for all your portfolio needs: Residential and commercial mortgages, consumer loans and other financed collateral
• Products: Hazard, Flood, Property and Liability
• Administration: Internet based insurance management system to compliment your loan tracking efforts
• Collateral insurance management internal servicing process and compliance review

Bank and Corporate Insurance:

• Placement and Consulting
• Bond, D&O, Package, etc.
• Cyber - placement and consulting

Revenue Generating Opportunities:

• Direct Marketing
• Internet Insurance Portal - Multi-product insurance platform custom produced on the bank website
• Term Life Insurance
• Checking account enhancement and club programs

Insurance Agency Creation:

• Operating Subsidiary Formation and Insurance Licensing
• Insurance Agency Remediation/Compliance Review
• Agency management and revenue enhancement