At UHCU Insurance Services, LLC., a United Heritage Credit Union partner, we know it’s important for you to make sure your business is well taken care of in all aspects. From minimum protection to comprehensive coverage, we can help ensure you’re prepared for anything.
Business & Commercial Insurance Quote Forms
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As a business owner, you need the same kinds of insurance coverages for the car you use in your business as you do for a car used for personal travel -- liability, collision and comprehensive, medical payments (known as personal injury protection in some states) and coverage for uninsured motorists. In fact, many business people use the same vehicle for both business and pleasure. If the vehicle is owned by the business, make sure the name of the business appears on the policy as the "principal insured" rather than your name. This will avoid possible confusion in the event that you need to file a claim or a claim is filed against you.
Whether you need to buy a business auto insurance policy will depend on the kind of driving you do. A good insurance agent will ask you many details about how you use vehicles in your business, who will be driving them and whether employees, if you have them, are likely to be driving their own cars for your business.
While the major coverages are the same, a business auto policy differs from a personal auto policy in many technical respects. Ask your insurance agent to explain all the differences and options.
Commercial Property insurance is one of the most important types of insurance to protect your business from perils such as fire, theft and natural disaster. UHCU Insurance will evaluate your needs and give you options for deductibles, limits and requirements. An insurance agent can then provide you with a customized plan that takes into consideration your needs, past loss history, prevention efforts and precautions you have taken for safety control. Types of coverages include:
- Buildings and other structures
- Furniture and equipment
- Improvements to property
- Glass and fine arts
- Outdoor fences and walls
If you have a personal umbrella liability policy, there's generally an exclusion for business-related liability. Make sure you have sufficient auto liability coverage.
Unfortunately for every business owner, the chances of getting sued have dramatically increased in the last decade. General liability insurance can prevent a legal suit from turning into a financial disaster by providing financial protection in case your business is ever sued or held legally responsible for some injury or damage.
General liability pays losses arising from real or alleged bodily injury, property damage or personal injury on your business premises or arising from your operations.
Broad Range of General Liability Protection:
- Bodily injury, including the cost of care, the loss of services and the restitution for any death that results from injury
- Property damage coverage for the physical damage to property of others or the loss of use of that property
- Products-completed operations provides liability protection (damages and legal expenses up to your policy's limit) if an injury ever resulted from something your company made or service your company provided
- Products liability is a more specialized product liability insurance that protects your company against lawsuits from product-related injury or accidents
- Contractual liability extends to any liability you may assume by entering into a variety of contracts
- Other coverage includes: reasonable use of force; borrowed equipment; liquor liability; non-owned vehicles (such as aircraft and watercraft); fire, lightning or explosion damage; water damage liability protection; legal defense costs; medical payments; personal injury; advertising injury; and specialized liability protection for specific business types
Workers' compensation laws were created to ensure that employees who are injured on the job are provided with fixed monetary awards. This eliminates the need for litigation and creates an easier process for the employee. It also helps control the financial risks for employers since many states limit the amount an injured employee can recover from an employer.
Workers' compensation insurance is designed to help companies pay these benefits. As a protection for employees, most states require that employers carry some form of workers' compensation insurance. Workers' compensation insurance is not health insurance. Workers' compensation is designed specifically for injuries sustained on the job.
In most states, if you have employees, you are required to carry workers' compensation coverage. Even in non-mandatory states, it can be a very good idea, particularly if you have many employees or if they are engaged in hazardous activities.
Do I need workers' compensation insurance?
Employers have a legal responsibility to their employees to make the workplace safe. However, accidents happen even when every reasonable safety measure has been taken.
To protect employers from lawsuits resulting from workplace accidents and to provide medical care and compensation for lost income to employees hurt in workplace accidents, businesses in almost every state are required to buy workers' compensation insurance. Workers' compensation insurance covers workers injured on the job, whether they're hurt on the workplace premises or elsewhere, or in auto accidents while on business. It also covers work-related illnesses.
Workers' compensation provides payments to injured workers without regard to who was at fault in the accident for time lost from work and for medical and rehabilitation services. It also provides death benefits to surviving spouses and dependents.
Each state has different laws governing the amount and duration of lost income benefits, the provision of medical and rehabilitation services and how the system is administered. For example, in most states there are regulations that cover whether the worker or employer can choose the doctor who treats the injuries and how disputes about benefits are resolved.
Workers' compensation insurance must be bought as a separate policy. Although in-home business and business owners policies (BOPs) are sold as package policies, they don't include coverage for workers' injuries.
Prepare your business before a security breach even occurs. Businesses seeking best practices implement a breach response plan prior to an incident. In the event of a breach, the program is quickly activated, conserving time and money while preserving the company’s reputation and regulatory standing. This includes:
- Website, media and agency monitoring and security
- Date breach incident response
- Merchant chargeback resolution
UHCU Insurance Services, LLC. is a Credit Union Service Organization. Business conducted with UHCU Insurance Services, LLC. is separate and distinct from any business conducted with United Heritage Credit Union, its parent Credit Union. Insurance products offered by UHCU Insurance Services, LLC. are not (i) deposits of United Heritage Credit Union, its parent Credit Union or its partner Alloy Insurance Partners, therefore are not protected by the NCUA and are not exclusive to Credit Union members and (ii) an obligation of or guaranteed by UHCU Insurance Services, LLC., its parent Credit Union or its partner and may be subject to risk. Any insurance required as a condition of an extension of credit by United Heritage Credit Union need not be purchased from UHCU Insurance Services, LLC. and may be purchased from an agent or insurance company of the member’s choice.