Pub. 1 2012 Issue 6

16 l e a d i n g a d v o c a t e f o r t h e b a n k i n g i n d u s t r y i n k a n s a s Phone (785) 228-0000 - Fax (785) 228-0079 1220 SW Executive Drive - 66615 P.O. Box 1654, Topeka, KS 66601 Rated A++ (Superior) By A.M. Best For more information, give us a call at (785) 228-0000. A Live, Intelligent Human Being Will Always Answer The Phone! The Kansas Bankers Surety Company A Member Of The Berkshire Hathaway Inc. Group of Insurance Companies For over 100 years, we have been serving Community Banks with: • Superior and Innovative Products • Financial Institution Crime Bond • Directors & Officers Indemnity • Bank Employment Practices Defense Policy • Check Kiting Fraud Indemnification Policy • Internet Banking Theft Catastrophe Bond • Banking Privacy Liability Policy • Cost of Replacing Compromised Bank Cards Policy • Competitive Premiums • Realistic Underwriting • Prompt Claims Service EXPERIENCE...There is no substitute! Are you looking for the calm in the storm?... Continued from page 15 Cash being shipped by Fed-Ex, UPS, USPS, or by some other company or non-employee not using an armored car is not covered by the Financial Institution Crime Bond. Some insurance is available through these entities at the time of shipment, but the terms of that insurance should be read and understood. Some banks still ship cash using the US Post Office in certain situations. The USPS does offer insurance on registered mail shipments for up to $25,000. The USPS has insurance rate schedules when items are in excess of the $25,000 limit, but the $25,000 limit still applies and no loss in excess of the $25,000 limit will be paid by the USPS. Always remember that cash should be transported by an armored car service when practical, or should be transported by bank employees using as much secrecy as possible. Secrecy is of utmost importance when an employee transports cash. When cash is being routinely transported by the same employee on a regular schedule in a marked bank vehicle, it will become widely known that cash is being transported in a routine manner. When a crook learns of the routine, the crook can easily stop a bank employee with a minor fender-bender accident at a stop sign. The best way to prevent placing an employee in such a vulnerable position is to use secrecy anytime it is necessary for a bank employee to transport cash. For more information, please give us a call at (785) 228-0000.