CBAO Insurance Agency

CBAO members can maximize fee income and commission opportunities through CBAO Insurance Agency (CBAO-IA). CBAO-IA has access to hundreds of high quality insurance underwriters offering numerous products and services. CBAO-IA can also assist with insurance agency acquisition and start-up, insurance market analysis, training, agency and agent licensing, and insurance product sales.

Contact Jim Sarosy at (614) 846-2170 for additional information on any of the partners below.

Voya
Cleveland, Ohio
Contact: David Kovacs at (216) 650-3712

Voya’s experience servicing and working with banking institutions goes well beyond the industry standard. We currently support strategic relationships with over 40 local and regional banking institutions and recordkeep over 200 banking clients on our 401(k) platform with assets over $750M. Voya is committed to helping you drive additional revenue, understands your business model, and values your strategic relationship. By providing a non-proprietary 401(k) solution, you can immediately expand your product offering to your clients and prospects. By working with Voya as an additional retirement plan provider, you can benefit from the following:

Dedicated Support: Voya’s team of dedicated relationship managers bring a wealth of local banking expertise, including first-hand knowledge of the unique needs and opportunities that exist in the retirement industry. This dedicated support, coupled with Voya’s multicultural team, helps position you as a provider of choice for your multicultural clients.

A Comprehensive Product Continuum: Voya is one of the few providers with a scaled leadership presence across the entire DC spectrum with the ability to offer retirement plan solutions for any size or segment of the market on a bundled basis or in tandem with our national network of Third Party Administrators. Our experience in the banking industry has taught us that many of the 401(k) opportunities commercial lenders encounter are typically small market plans with plan assets between $3M - $5M and are generally unbundled with a local TPA. Leverage our established network of TPAs to complement your sales efforts.

HUB Financial Services
Coppell, Texas 
Contact: Debra McManigle at (800) 753-1711

HUB Financial Services provides a suite of risk management and insurance products designed in the area of Financial Institutional Bond, Director & Officers Liability, P&C andCyber Security to best minimize ever-increasing executive-level risks while reducing expense and providing best coverage for your community bank.  HUB acts as a strategic resource, offering valuable insights and actionable advice, coupled with industry-proven programs that leverage our extensive insurance product and coverage design expertise.  Since 1989, Debra McManigle has provided insurance to Ohio community banks as both an Sr. Underwriter and as SVP of HUB Financial Services from 2000 to present.

EBS, a bank consulting company
Birmingham, Alabama
Contact: Phil Pickett at (877) 242-9751

BOLI, Executive Retirement and Deferred Compensation Plans
EBS is a marketing, consulting and service firm that specializes in the placement of Bank Owned Life Insurance (BOLI) programs. These programs utilize BOLI to finance existing employee benefits, as well as to informally fund new or existing nonqualified executive benefit plans. EBS provides its clients with access to the highest rated carriers in the BOLI arena. EBS members have access to scalable product solutions offered by Northwestern Mutual, AEGON, Great-West Life, Hartford, MassMutual, MetLife, Prudential and Sun Life.


Watermark

Contact: John Woodward at (616) 284-0100

Business Loan Protector provides reimbursement coverage for a variety of small business-related financial loan obligations due to total small borrower’s total disability.

 

JLH Associates LLC
Contact: James Harvin at (517) 351-4158

For nearly four decades, James Harvin at JLH Associates has been focused on providing a wide range of specialized insurance and financial services programs to financial institutions throughout the United States. Based in East Lansing, Michigan, JLH Associates serves clients primarily in the Midwest, Northeast, and West. JLH Associates possesses extensive expertise and is specifically focused on bank insurance, in-bank investment and related programs, collateral risk management, BOLI and bank-owned agencies. Our knowledge of the insurance marketplace, agency operation and performance, and overall bank management provides extensive resources unique in the financial institutions consulting industry. JLH professionals can assist the bank at any level – creating an operating insurance subsidiary for a community bank to instantly drive non-interest revenue, enhancing the performance of existing agencies and investment programs, and providing independent third party vendor risk management to maintain regulatory compliant status. This is especially critical in the area of collateral risk management. Product analysis, vendor relationships and selection, referral programs, business plan development including on-site planning and training are areas where our more than 30 years of hands-on, specialized expertise working with community banks can serve as a valuable outsourced resource.


Pekin Life Insurance Company

Pekin, Illinois
Contact: Glen Goggins at (800) 322-0160 ext. 2493

Since 1969, Pekin Life Insurance Company has provided valuable products and services to communities throughout the Midwest. By providing a high level of service and a broad portfolio of credit related products, a network of financial institutions now represent Pekin Life Insurance Company and its Financial Products Division, which currently works with over 400 financial institutions and is one of the top providers of credit insurance and debt protection products in the Midwest. Pekin sells more than insurance. Pekin sells protection and helps build futures while providing peace of mind and long term security for Pekin customers and your clients.


Pekin Life Insurance Company

Pekin, Illinois
Contact: Glen Goggins at (800) 322-0160 ext. 2493

Credit Life Insurance
Since 1969, Pekin Life Insurance Company has provided valuable products and services to communities throughout the Midwest. By providing a high level of service and a broad portfolio of credit related products, a network of financial institutions now represent Pekin Life Insurance Company and its Financial Products Division, which currently works with over 400 financial institutions and is one of the top providers of credit insurance and debt protection products in the Midwest. Pekin sells more than insurance. Pekin sells protection and helps build futures while providing peace of mind and long term security for Pekin customers and your clients.

Insurance Marketing and Administration Company (IMAC)
Randolph, Massachusetts
Contact: Edward Klayman at (781) 963-2269

Insurance Marketing and Administration Company (IMAC) is a marketing organization specializing in the mass marketing of insurance and non-insurance programs. Founded in 1994, IMAC's primary goal is to provide brokers, financial institutions and associations with effective programs to offer their clients, customers and members, including the $3,000 Thank You Accidental Death & Dismemberment (AD&D) program available to all CBAO members. Working with top-rated insurance carriers, IMAC has developed efficient, turnkey programs that benefit everyone involved while providing opportunities for financial institutions to generate non-interest fee income. IMAC offers a wide range of innovative programs that can be customized to create niche marketing ideas and concepts to fit any market.


Seattle Specialty Insurance Services

Everett, Washington
Contact: Jim Sarosy at (614) 846-2170

Seattle Specialty Insurance Services, Inc. is among the largest national providers of insurance coverage and specialized services to the commercial banking industry. Specializing in Lender Placed Hazard, Flood, and Collateral Protection Insurance with exclusive e-Trac Tracking Services, Seattle Specialty has been providing innovative insurance products and exceptional insurance tracking services since 1992, and is now a proud member of QBE Insurance.

Lee & Mason
Cincinnati, Ohio
Contact: Craig Vermost at (502) 371-3384

Lee & Mason is the preferred CBAO partner for Lender Single Interest and Gap insurance. Lee & Mason was formed to assist financial institutions in obtaining the highest level of performance from their loan portfolios. The experienced and innovative management of Lee & Mason is recognized in the industry for its cutting edge ideas. We believe in customization and flexibility in the underwriting of all our insurance products. You choose the type of loans you want to include in your portfolio and we find the way to insure them properly.

 CBAO Insurance Agency
Columbus, Ohio 
Contact: Jim Sarosy at (614) 846-2170

Our Comprehensive Employee Benefits Program is an all-inclusive insurance program that enhances the efficiency of your community bank with a platform to aggregate your revenue, members, products, and resources. Partnering with CBAO Insurance Agency gives you a clear and painless insurance program.

Travelers
Independence, Ohio
Contact: Ben Pachla at (216) 643-2379 

For over 150 years Travelers has been providing effective insurance solutions for community banks, and we are also the preferred service provider of the Independent Community Bankers of America (for property/casualty and various other types of insurance…ie - D&O, EPL, Fiduciary, Lenders, Professional Services, Cyber, K&R, FI Bond, & Identity Theft). Our underwriters and claims professionals often have a local presence in the communities they serve, and in addition - our A.M. Best rating is A++. 

Capital Advisors, Ltd.
Shaker Heights, Ohio
Contact: Douglas A. Price at (216) 295-7900

Capital Advisors, Ltd, LLC offers investment advisory and financial planning services. The firm is independently owned and operated. We assist family business owners, professionals, entertainment figures, and other successful, high net worth individuals by providing a holistic, objective, solution-oriented approach to wealth management and financial planning. Our business model is centered on a transparent and process-oriented approach. Fee based services include: investment planning, executive benefit planning, retirement and cash flow planning, estate tax planning, business succession planning, evaluation of qualified plans, and merger and acquisition intermediary. Our employees hold many of the designations and credentials essential to offering high level financial advice – Certified Public Accountant (CPA) and Charted Financial Analyst (CFA). We have been named by Worth Magazine as among the Nation’s Top 250 Wealth Advisors. Advisory services offered through Capital Advisors, Ltd., LLC, Capital Analysts, Inc., or Lincoln Investment Planning, Inc., Registered Investment Advisors. Securities offered through Lincoln Investment Planning, Inc., Broker Dealer, Member FINRA/SIPC. Capital Advisors, Ltd., LLC and the above named firms are independent non-affiliated entities.

Investment Professionals INC
San Antonia, Texas
Contact: Tara Tagle at (210) 232-2249

Investment Professionals, Inc. is a full-service broker dealer specializing in the on-site delivery of profitable investment programs for community banks. Nationally recognized for our work with community banks, we assist our partners in retaining and attracting customers, while generating meaningful non-interest income. Our skillful matching of financial advisors to our partner banks allows each institution to compete with the national banks, brokerage firms and financial planners within their communities. With comprehensive regulatory advice, program design, recruiting and ongoing sales support, we create lasting relationships with our bank partners to help them meet the financial needs of the individuals and families within their community.

CareWorksComp
Dublin, Ohio
Contact: Cordell Walton at (614) 827-0398

As the largest workers' compensation third party administrator in Ohio, CareWorksComp provides best-in-class service to more than 26,000 customers. We have been serving Ohio companies since 1950. The Workers' Compensation Group Rated Program through CareWorksComp could save your company significant money on your workers' compensation premium; in one year alone, CBAO members saved over $120,900. Even if your company is enrolled in another workers' compensation group rating program, you should compare your current program to CBAO's group rating program through us. To receive a no cost and no obligation quote, click here.