First Market Bank today announced a joint venture with Straus, Itzkowitz & LeCompte Insurance Agency Inc. (SIL), one of Virginia’s oldest independent insurance agencies, to offer a full range of insurance solutions for the bank’s commercial customers and business owners.
“We’re fortunate to have partnered with an insurance agency that so closely shares our commitment to customer service and integrity,” said Harry Turton, executive vice president at First Market Bank. “Most of us at First Market Bank have known SIL for many years, and together we share a customer-focused approach to our businesses. The SIL team has been supportive customers of First Market Bank from the start, which made our choice obvious.”
Through the partnership with SIL, First Market Bank now offers commercial insurance protection services including:
- commercial property insurance – to cover against the loss or loss of use of company property. Property can include a variety of forms from lost income or business interruption, buildings, money, equipment, furniture, fixtures, inventories, business records, supplies and other physical items .
- commercial general liability insurance – to cover liabilities arising out of:
- premise and operation
- personal and advertising injury
- medical payments
- products/completed operations
- business owner’s policy – to combine liability, property and other types of coverage into one comprehensive policy to save time and money
- business auto insurance – to insure private passenger autos and all types of trucks, trailers, semi-trailers and commercial vehicles
- workers’ compensation – to address bodily injuries or illnesses as a result of employment including medical, income, death and rehabilitation benefits
- umbrella liability insurance – to provide extra liability protection for businesses.
First Market Bank commercial officers, in partnership with licensed SIL insurance professionals, will work with clients to find just the right match — coverage and price — for all their insurance needs.
Turton said this gives First Market Bank commercial customers, from entrepreneurial owners to large companies, the advantage of buying insurance from a source they already trust, and execution from a top-notch team that has been delivering value to Richmond -area businesses since 1868.
“For example, through our new partnership, if you’re a small business owner and buying a building, you could secure not only your financing but also the insurance policy from First Market Bank,” said Turton.
“And, if you’re buying equipment for your business we can help not only with the financing but also with the necessary insurance to protect that investment,” he added. “Of course, our customers can purchase insurance from anyone they choose, but we believe the combination of our two firms provides a compelling offering to our customers.”
