Protecting the institution that protects everyone's money.
Financial institution bonds, directors and officers, cyber, lender and bankers professional liability, EPLI and property for community banks, credit unions and holding companies.
By Sam Alishahi · CA Insurance License #4348151 · Reviewed October 2026 · How this page is researched
Regulators, boards and a target on the vault
Banks and credit unions face claims from every direction: regulators, shareholders or members suing the board, borrowers alleging lender liability, and employees who steal or fall for a fake wire request. Federally insured credit unions must carry fidelity bond coverage under federal rules, and bank examiners look closely at bond and D&O limits.
I place financial institutions as a program: the financial institution bond for theft and fraud, D&O and bankers professional liability for the board and lending, cyber for account data and online banking, and EPLI and property for the branches. Holding company offices are fit in under the same program.
- Financial institution bondEmployee dishonesty, forgery and robbery.
- Directors and officersClaims against the board and executives.
- Cyber liabilityAccount data breaches and online banking fraud.
- Professional liabilityLending and service errors claimed by customers.
What underwriters will ask
Having these ready means I can go to market on the first call. The quote form asks for the same things, and anything you don’t know yet can wait.
- Institution: charter type, regulator and total assets.
- Branches: number of locations and ATMs.
- Board: directors, committees and any regulatory orders.
- Lending: loan mix and servicing.
- Technology: online banking, core processor and security controls.
- History: current bond and policies, losses and exam findings.
Bank and credit union insurance, answered
Is a fidelity bond required?
Federally insured credit unions must carry fidelity bond coverage under federal rules. Banks generally carry a financial institution bond because examiners and boards expect it.
Does D&O cover regulatory actions?
Many D&O policies cover defense of certain regulatory claims, subject to the policy terms. Some exclude or limit actions by bank regulators, so the wording matters.
Does the bond cover a cyber loss?
Bonds and cyber policies overlap in some areas and leave gaps in others, such as funds transfer fraud. I review both side by side.
Is this only for large banks?
No. Small community banks and credit unions need the same core coverages, sized to their assets and branches.
Do you offer bank and credit union insurance outside California?
Yes. Clients across the country send the same quote form. Sam Alishahi is licensed in 48 states and Washington, DC and places policies there directly. In Florida and Washington, where Sam's licenses are still being issued, a partner agency in your state helps in the meantime. The shopping across carriers works the same way. Rules, minimums and markets differ by state — see insurance requirements by state.
Tell me about your institution. I'll shop it.
Your charter, total assets and branch count are enough to start.
Alishahi Insurance · Saman Alishahi, independent insurance broker, California License #4348151. General information, not a quote or a promise of coverage; coverage depends on underwriting and the terms, conditions and exclusions of the policy actually issued.
Tell me how to reach you. I’ll take it from there.
Takes about 30 seconds. Your application link comes by email right away, and you get an update at every step until your quotes are ready.
(877) 711-4545Answered 24/7 · CA License #4348151
Get a reminder before your renewal.
Tell me when your policy renews and I’ll email you about six weeks before, when it’s worth comparing. One email, no calls.