Tips & Insights

Preventing Slips, Trips and Falls in Community Banks

September 21, 2016

Some of the costliest insurance risks associated with operating a community bank include robbery, the threat of employees embezzling money and fire damage to the facility. However, one of the largest –and least expected – liabilities faced by banks today is right beneath your toes: the open, spacious lobbies with polished stone and tile floors that leave bank patrons especially vulnerable to slips and falls.

Tips & Insights

Preparing for Electrical Power Interruptions

July 19, 2016

A blackout is a momentary or prolonged loss of power. A blackout can result in lost or corrupted data, failures of process control equipment, and loss of products or services. A brownout is a significant voltage reduction which results in similar problems. Both of these conditions can be considered power interruptions or outages. A power interruption can happen for any number of reasons and at any time of the day or year. Planning for this event, which will happen sooner or later, is key. What can you do to prepare for a power interruption?

Tips & Insights

Protect Against Spring Storm Damage Risks

March 2, 2016

With each passing season, community banks face weather-related hazards for which to prepare. After winter blows through with ice and snow, the spring spawns potentially dangerous storms. While the costliest product of a thunderstorm is hail, the most violent storm is a tornado. In the United States alone, severe thunderstorms and tornadoes caused over $10 billion in property damage in 2015. As the seasons begin to change, community banks can take this opportunity to look at measures that could help protect people, buildings and property before a storm potentially causes damage.