NAICS UNIVERSITY · Free research for insurance agents
Commercial Banking
NAICS 522110 · United States · 2022 edition
This industry comprises establishments primarily engaged in accepting demand and other deposits and making commercial, industrial, and consumer loans. Commercial banks and branches of foreign banks are included in this industry.
Start with the work promised to the client.
For Commercial Banking, clarify the services, contracts and consequences of an error. Review financial crime / employee dishonesty, cyber and data breach, directors and officers liability. Confirm which professional activities and additional services the proposed coverage actually addresses.
Questions to ask
- What is the bank's total asset size and number of branch locations?
- Are there any current or recent regulatory enforcement actions, examinations with significant findings, or supervisory agreements?
- Does the bank operate trust, wealth management, mortgage banking, or insurance agency subsidiaries?
- What online and mobile banking services are offered, and what cybersecurity frameworks or audits are in place?
- What is the prior loss history for bond claims, D&O matters, or professional liability incidents?
- For Commercial Banking, what should the underwriter know about active regulatory enforcement actions, consent orders, or memoranda of understanding with banking regulators?
- For Commercial Banking, what should the underwriter know about de novo institution status with less than two to three years of operating history?
- For Commercial Banking, what should the underwriter know about elevated non-performing loan ratios or problem-asset concentrations?
Activities described by this code
Other activities to examine
Census classification reference
For educational purposes only. AI-generated insurance research and automated logic can contain errors. Independently verify classification and coverage decisions.
Compare another operationInsurance operations research — draft
Commercial banks accept deposits, extend credit, and provide related financial services to individuals, businesses, and institutions through branch networks and digital channels. Day-to-day operations involve teller transactions, loan origination and servicing, wire transfers, safe deposit services, and increasingly, online and mobile banking platforms — all of which create a distinctive blend of premises, financial crime, professional liability, and cyber exposures.
Questions to investigate
- What is the bank's total asset size and number of branch locations?
- Are there any current or recent regulatory enforcement actions, examinations with significant findings, or supervisory agreements?
- Does the bank operate trust, wealth management, mortgage banking, or insurance agency subsidiaries?
- What online and mobile banking services are offered, and what cybersecurity frameworks or audits are in place?
This insurance research was generated in April 2026. It has not received a complete human review. The October 12, 2026 audit checked codes and titles only, not descriptions or coverage assertions.