Bank Insurance Audits
I run independent insurance audits for community banks and credit unions.
I test your cyber, D&O, and fidelity bond coverage against real loss scenarios — not a broker scorecard — and prepare you for regulatory examination.
What Does a Risk Intelligence Report Include?
- Forensic Risk Scorecard
- One-page summary across seven risk categories. Designed for board review and examination.
- Policy Interaction Map
- Built from your policies with dollar amounts. Shows where carriers point at each other and where the bank holds the loss.
- Policy Deep Dives
- Each policy tested against real incident scenarios, down to the exclusions and conditions that determine whether a claim gets paid.
- Implementation Roadmap
- Specific fixes ranked by exposure, with the language to request at renewal.
Coverage Gaps From Recent Bank Audits
Every bank I audited had material coverage gaps. Individually, most policies were fine — but nobody had read them together, and that's where the seams were.
Gap: Every D&O I reviewed carries a cyber exclusion. A breach that triggers a regulatory investigation takes the D&O out of the picture. Which wording you have is a question nobody asks until the claim.
Impact: The board's defense falls entirely to the cyber policy, sharing one limit with forensics and notification.
Gap: Dependent business interruption sublimits ranged from zero to $1M. A multi-day core processor outage would exceed the sublimit before recovery begins.
Impact: Potentially seven figures of uninsured exposure. Nobody had tested the limit against actual vendor dependence.