Credit unions

commercial real estate
Offered to credit unions with assets of $500 million or more, Zurich has developed a suite of coverages specific to the needs of credit unions, including security and privacy, coverage for repossessed properties, losses from mortgage operations, property perils, customized Management and Professional Liability solutions, and a variety of other solutions. 

 


Appetite:

  • Credit unions with assets of $500 million or more

Geography: 

  • Nationwide

Submission requirements:

  • Completed ACORD applications for Property and Casualty lines and specialty applications for other coverages
  • Available upon request for contact from this Program Administrator

Coverages offered:

  • Security and privacy of member data, including first party and third party coverage, with a supplementary limit for security breaches
  • Coverage for repossessed properties, including lender placed and real estate owned (REO) properties
  • Losses from mortgage operations, including mortgage impairment and legal liability losses from mortgage operations
  • Allegations of mismanagement against board members, including retired ones, utilizing a combination Management and Professional Liability policy
  • Property perils using a modular form that can be easily customized to address the limits and deductibles needed for the credit union
  • Environmental Liability from commercial real estate backed loans, including collateral value protection, first-party clean-up and third-party liability coverages
  • Customized Management and Professional Liability insurance solutions
  • Property, Casualty, Workers’ Compensation, Automobile, Umbrella coverages and more

Admitted or non-admitted paper:  

  • Admitted

Additional program highlights:

  • Full commission, varied by product line
  • For more information, please request contact