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These financial institutions primarily store their customers' funds in savings accounts and certificates of deposit and provide mortgage and real estate loans for noncommercial entities. They may also offer the common services of banks and other financial institutions including checking accounts and the transferring of funds.

General Liability Insurance for Savings and Loan – As with any business that has significant public access, injuries can occur if aspects of the savings and loan's property are not in good condition. The premises liability risks are those that are normal for an office exposure including trips/slips/falls, contact with sharp objects, electrical shocks, and shelving collapses. The visitors primarily consist of clients, vendors, salespeople, and governmental compliance employees. Visits are usually restricted to the lobby and offices. Customers may also become crime victims if the establishment does not have adequate security in place, such as alarms, security guards and proper lighting. 

Errors and Omissions Insurance for Savings and Loan – Mistakes made by employees may result in financial losses to customers of savings and loan companies.

Workers’ Compensation for Savings and Loan– If a savings and loan company keeps a large amount of funds on hand, it may be a target for break-ins and hold-ups, which can result in employee injuries. Workers may also become injured while engaging in everyday clerical tasks. All manufacturers’ warnings must be heeded about the set up and use of stools and stepladders. All stools and stepladders should have skid resistant covers on the feet as well as areas where the feet of the employee will come in contact. When not in use, they should be stored in a safe place. Training in their usage should be provided and employees should be warned about the dangers of loss of balance caused by reaching.

Business Auto Insurance for Savings and Loan –Savings and loan companies may require the use of owned and non-owned vehicles to conduct business, or they may repossess vehicles. If so, there is a risk of auto accidents. Risks are lower if the travel distance is less than 50 miles and the traffic is light. Only responsible drivers with good MVRs should be allowed to drive.

Property Insurance for Savings and Loan – Damages to the properties of savings and loan companies may occur from break-ins due to poor security and fires due to hazardous electrical equipment. A central station smoke alarm system should be installed as part of a security system. Approved fire extinguishers should be available at key points throughout the premises and training should be conducted in their usage.

Crime Insurance for Savings and Loan – The potential for loss of money at savings and loans offices is very high and may be caused by employee and outside theft as well as computer fraud. Background and reference checks should be performed prior to hiring new employees. Central station alarms and surveillance cameras should be used in order to reduce the crime risks of outside burglars and robbers.