Business and Personal Insurance Services
CIT Insurance Services provides access to protection products through its alliances with insurance companies and agents.
Products can be structured on a transactional basis or tailored to meet the unique needs of our small business and middle market clients. Insurance products range from commercial property and casualty, employee benefits and key person life.
Products for small business and middle market customers include:
Property Coverage
Provides for repair or replacement in the event of loss or damage to property or equipment due to an insured peril
Life Insurance
Covers the loss of life and may include benefits for disability insurance
Debt Protection
Provides for the cancellation of the monthly loan or lease payments due to certain life / business events
Commercial Casualty
Protects against the financial consequences of liability for damage to third-party property or the death or injury of an individual
GAP
Protects owners and operators of licensed transportation and construction vehicles if there is a shortfall between their vehicle’s insurance coverage and the amount outstanding on the loan as a result of total loss
Down Payment Protection Waiver
Protects the down payment made by owners of licensed vehicles in the event their vehicle is a total loss following an insured accident
Employee Benefits
Includes various health-related insurance products written on a group basis
