MIDDLETOWN, Pa. (6/3/14)--Sollievo, a credit union service organization of Mid-Atlantic Corporate FCU, has announced a partnership with Lockton, a privately owned insurance brokerage firm and one of the largest independent insurance brokers in the credit union system.
Through Sollievo's referral program, Lockton will provide credit unions with free, comprehensive insurance reviews and will recommend cost-effective improvements.
Working with Sollievo, credit unions can engage Lockton for guidance on individual insurance coverage needs. Lockton will provide an analysis of each credit union's risk situation and the steps a credit union must take to comply with regulations and fulfill its fiduciary duty to members.
"There are so many risks and uncertainties in today's financial services environment, having the right bond and insurance coverage is critical to credit unions," said Lori Gall, Sollievo president/CEO. "Each credit union has unique insurance needs, and Lockton understands this."
Lockton's group-buying ability allows for competitive pricing and objective advice. The company links institutions with a broad selection of insurance coverage and risk-management solutions, such as fidelity bond, directors and officers, cyber liability, plastic card, commercial auto, property, workers compensation, real-estate owned and employment practices liability policies.