Workers’ Compensation Cards

If you are looking for a way to improve your process of issuing indemnity payments for workers’ compensation claims, the Prosper Card from The Bancorp Bank is a great tool. Instead of continually issuing checks for each payment period that could be lost, stolen or never received, the Prosper Card from The Bancorp Bank allows you to send one card that can be reloaded. The savings are significant and The Bancorp Bank will assist you in managing unclaimed property concerns.

• CASE STUDY
• Workers’ Comp Webinar

Property & Casualty and Catastrophic Relief Cards

Prepaid cards are an effective tool used by adjusters to provide on-the-spot funding for customers who have suffered a significant loss and need money for housing, food, clothes, etc. By providing a prepaid card, the customer can begin using the funds immediately without having to go to the bank to cash a check. Further, if the claim cannot be settled immediately, the insurer can add funds to the card without the customer having to meet face-to-face with the adjuster.

Agent Incentive Cards

Agent Incentive cards are an excellent way for insurers to reward their agents for the success they achieve. In some cases, the insurer will sponsor a trip for its agents and would like to provide spending money during the trip. Rather than bringing cash for all recipients or sending a check in advance, a prepaid card is a great way to remind the agent that their company provided this gift. Further, this will simplify the issue of sending checks out well in advance of the trip or converting currency if the trip is outside of the United States. These cards can also be used by agents to promote new services to customers and to solicit new business.

For detailed information on our prepaid insurance programs please contact us.