The economy is beginning to show signs of life; but for many in the community banking industry, the light at the end of the tunnel remains a mere flicker. The Federal Deposit Insurance Corporation (FDIC) has indicated that it will continue its aggressive efforts in 2011 to initiate litigation against the directors and officers of the more than 330 financial institutions that have failed since the financial crisis began in 2008. Shareholder claims are also on the rise, adding to the plethora of risks that have led to a difficult environment for independent, locally owned and operated institutions to provide the financial lifeblood for many communities across the country.

With April designated as Community Banking Month, agents and brokers should seize the opportunity to ensure that their community banking customers carry the broad coverage needed to confront today's emerging liability risks and weather any economic storm.

According to the Independent Community Bankers of America, community banks comprise 97 percent of all banks in the U.S. and hold more than half of all small business outstanding loans. These institutions represent a vital force in our society, but many may not be aware of the potential exposures they face in today's marketplace.