Leadership and employees
Describe the institution's ownership, management, employment practices and benefit plans for the coverages you select.
Insurance for Community Banks and Credit Unions
Bring your institution's management, lending, employee and property risks into one application. Tell us which coverages you need and how your bank or credit union operates.
Licensed in California
Menlo Insurance Services is the filed name of Opero Labs Inc. California license #6020106.
Eight brokers, one team
Our eight brokers work together as one Menlo team, so you can reach a person who understands your account.
Independent brokerage
We hold appointments with multiple carriers, so the quote is shopped rather than served from one shelf.
Start with the services your institution provides
Lending, trust services, employee benefits and property ownership raise different insurance questions. The application separates those activities so your broker can review the relevant coverage and supporting documents.
Lending and professional services
Include your lending, trust and other professional services. Their liability questions are separate from building and equipment coverage.
Property and financial crime
Identify the property, operations and bond or crime coverage you want reviewed. Additional schedules depend on the exposures and coverages involved.
What to have ready
- Your institution's legal name and locations
- The coverages you want reviewed
- Financial information and relevant loss history
- Details of lending, trust services and employee benefit plans, where applicable
Coverages that go with it
Employment Practices Liability
Review the employment-related protection requested by your institution.
Professional Liability
Discuss lending, trust and other professional-service exposures; the appropriate application depends on the service.
Crime and Financial Institution Bond
Review the applicable bond or crime coverage and its separate requirements.
Property and Casualty
Include buildings, operations and other requested property or liability coverage.
What changes your premium
These details help insurers assess your business and price the coverage. Terms and available options vary by insurer.
- Institution type, assets and operations
- Requested coverages and limits
- Lending, trust and professional services
- Loss history and supporting financial information
Questions we get asked
Is this only for commercial banks?
The application distinguishes commercial banks, savings banks, savings and loans, and credit unions. The credit union program specifies assets of $20 million to $750 million. Coverage availability varies by state, institution and operations, subject to underwriting.
Do I have to apply for every coverage?
No. Select the coverages you want reviewed. Coverage-specific questions and supporting applications depend on those selections; selecting a coverage does not establish eligibility or bind it.
Will I receive a price immediately?
No. This is an application for broker and underwriter review. The underwriter may need additional documents or clarification before providing terms. Completing the form does not put coverage in force.
Ready to compare your coverage options?
Start your application online, or talk with a licensed broker about your situation.