Your Bank Audits Everything. Except Its Insurance.
I audit cyber, fidelity bond, and D&O policies for community banks and credit unions. I show you which policies pay after a cyber incident, which deny, and what to fix.
Five Banks. Five Carriers. Same Coverage Gaps.
Different asset sizes and program structures. The findings are very similar.
Wire fraud: nobody pays.
Coverage topped out at $500K or even $100K. One bond had a 50% co-payment clause. The bank absorbs over half the loss.
D&O excludes cyber. The board lands on the cyber policy.
Every D&O carried a cyber exclusion, though no two were alike. The board's defense falls to a cyber policy, sharing one limit with forensics and notification.
Vendor goes down. No coverage.
Vendor outage sublimits ranged from $0 to $1M, against exposures that run $100K+ per day. One bank hadn't purchased the coverage at all.
Every bank I audited had coverage gaps that would have denied or reduced a claim.
The policies were fine individually. Nobody had read them together.
What You Receive
The Risk Intelligence Report reads your cyber policy, D&O policy, and fidelity bond together and tests them against the incidents that hit community banks. Every finding in dollar terms, with the policy language to request at renewal.
Start here Download the Examiner Checklist — ten questions your board should be able to answer about your cyber, bond, and D&O coverage. If you can't answer them, that's what the Risk Intelligence Report is for.