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| About BID |
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| Business Insurance Distributors was launched in 2000 to assist financial institution clients looking to expand their product offerings to include commercial insurance and other insurance related services. The company was created to help its clients develop a significant revenue stream through three key processes: commission or fee income, selective underwriting opportunities, and premium finance receivables.
The BID leadership team has over 90 years of insurance experience, about half of which has been focused on revenue generation from proprietary customer bases. Our experience is industry-wide, including: marketing, risk management, brokerage, underwriting including captives, program and product development, and e-business development. Business Insurance Distributors is a specialized insurance agency serving the needs of financial institutions and their customers nationwide. BID structures proprietary insurance solutions and programs for both the financial institution and its commercial clients. Financial Institutions can both secure their portfolio exposures and generate a significant new income stream. Loan Portfolio Solutions We leverage our risk management and market access capabilities to structure solutions for insurable exposures within equity investments, commercial loan and lease portfolios. Solutions for Small Business BID offers a broad portfolio of commercial insurance coverages via direct response marketing channels to a financial institution’s commercial account base. Customers can obtain information, quotes, and bind policies by telephone, Internet, fax, and mail. Available coverages include business owners policy, workers’ compensation, commercial auto, umbrella liability, professional liability, health insurance, long term care, vision, dental, pre-paid legal, and employee personal coverages. |
