IBIS is Excited to be IBA’s Newest Associate Member, We Are Not Typical Insurance Brokers

IBIS specializes in providing insurance for community banks and their insurance brokers. With 35 years’ experience insuring only community banks and their unique risks, IBIS is widely recognized as industry experts. We are one of the largest writers of community bank risk in the country.

  • We only insure community banks. Period. We are staffed entirely by seasoned financial institution insurance professionals. We bring knowledge and experience to the table.
  • We can partner with your member’s local broker/customer. This is a win-win scenario, especially for your member bank, who gets access our markets and expertise and keeps its customer broker.
  • Before quoting, we provide your members with a comprehensive written evaluation of their existing coverage. This would cost a minimum of $2,500 if done by a consultant.
  • This evaluation includes an underwriting profile of the bank, a peer group comparison, layman’s description of coverage, suggested improvements and a comprehensive renewal strategy.
  • We are directly contracted with every major insurer of community banks in the United States. Our banks go directly to the underwriter, not through a mega-broker or 3rd party wholesaler.
  • We know our various underwriters personally and serve on advisory boards or in advisory capacities at 4 major insurance companies.
  • We are not a fee-based insurance broker. We do not charge our clients for our services – the insurance industry pays us for the work we do.
  • We are the largest financial specialty insurance broker it the Western United States and are endorsed by more banking associations that any community bank broker.
  • We insure community banks, commercial banks, consumer banks, banks in organization, Ag banks industrial banks, ethnic banks, agency banks, trust banks, sick banks, etc. Our wheelhouse extends from banks in organization up to assets of $10 billion.
  • Our products include: Financial Institution Bonds, Directors and Officers Liability Insurance, Cyber Liability Insurance, Workers Com; and bank commercial property insurance packages.

Please call me with questions.

Patrick R. Corey
Founder and Agency Principal
Administrative Office: P.O. Box 1690, Chandler, AZ 85244
Phone: 480-663-3778 or Fax: 480-663-3154
Check us out on the web at www.ibisinsurance.com