Business Insurance

General Contracting Insurance, Liability Coverage, Small Business Liability Insurance

As A Business Owner Or Contractor, Protect What Matters Most To You:

Your staff, your resources, your reputation—talk to your Schultheis Insurance professional about protecting everything you’ve worked so hard for. Have a look at some of the coverage options available to you, and why they’re worth checking into.

General Liability Policy

What It Is:
If you’re a small business owner or a contractor, general liability insurance is one of the most important business tools you’ll need. Why? As the policy holder, it protects you and your business from lawsuits and other costly claims.

Why You Need It:
Unfortunately, accidents happening on the job can result in bodily injury or property damage. Could your business survive after paying a significant out-of-pocket settlement? What’s more, certain laws and potential clients may require you to carry contractors insurance in order to do business.

What Will It Cost?
Several aspects determine the cost of your general liability policy. Key factors include the amount of risk your type of work presents for you and your employees, as well as the number of people you employ. Ask your Schultheis Insurance professional about a quote today.

Business Owners Policy

What It Is:
This is a policy that often combines several types of coverage, including property and liability protection. Many Business Owner Policies include coverage you might otherwise overlook, such as coverage for crime, business interruption, and computers.

Builder’s Risk Insurance

What It Is:
An insurance policy to protect and insure a building:

• Planned for construction
• Currently under construction

Who Pays?
If the contractor is responsible for securing the policy, the cost is generally included in the price of the project.

Who Should Be Covered?
A builder’s risk policy should include:

• Project owner
• Contractor
• Financial Institutions – construction loans

The policy should be written on one of the broadest risk forms —this protects the building project against most types of damages, regardless of who, or what, is at fault. This runs the gamut from weather, to natural disasters, human error, theft, flood and just about everything in between. Your Schultheis Insurance professional can provide you with the right policies designed to protect your building project, both during and after construction.

How Much Protection Will I Need?
The policy limit should be based on the value of the completed construction project.

And If I Have More Questions?
Your Schultheis Insurance professional is more than ready to provide answers. With more than 70 years of expertise, we have the solutions to protect your business. If you’ve got insurance questions…the Answer is Schultheis.

Based on the type of business and the risks undertaken by each one, there is no one policy that is right for every business. Your Schultheis Insurance Agent can help you evaluate your risk profile and decide on the types and amounts of coverage most appropriate for you.

• Property Insurance covers damage to your business property from fire or other perils. Specialized coverages are also available to provide additional protection in specific risk situations. Ask your Schultheis Insurance Agent for information about any of the following special coverages:
  • Electronic data processing coverage, which covers your computers, software, and backups from expensive and business-crippling damages
  • Ordinance or law coverage for upgrades or changes required in the repair of your building after a loss when mandated by local building codes or ordinances
  • Builder’s risk insurance which covers damage to a new construction as it is being built
  • Business interruption insurance, which covers losses due to your business being unable to operate after a fire, storm, or other damaging situation
• General Liability covers losses to others or to property for which you or your employees are determined to be at fault. Liability insurance also covers the attorney’s costs if someone sues you or your business due to these injuries or damages.
• EPLI (Employment Practices Liability Insurance) covers businesses against claims by workers that their legal rights as employees of the company have been violated.
• Liquor Liability provides coverage if your business sells or serves alcoholic beverages, and you are sued due to an accident related to a customer’s use of alcohol.
• An Umbrella Policy provides added liability protection above the limits of your normal business liability insurance policies. This allows you to obtain coverage against liability claim awards that might be catastrophic to your business.
• Workers’ Compensation covers on-the-job injuries to your employees.
• Business Auto Insurance can be specifically tailored to the types of vehicles owned by your business and operated by your employees, and to the driving situations.
• Crime Insurance covers theft, burglary, and robbery from your business of money, securities, and other property by your employees or by outsiders.
• Inland Marine covers property in transit or other people’s property temporarily located on your business property.
• Bonds (all types) protect you from loss in many types of specialized business transactions where your normal insurance coverages may not apply.
• Cyber Insurance helps protect your online assets and the reputation of your business in the event of a data breach.

Our Loss Control evaluations will help you determine the best method to protect your business from exposure to unnecessary risk. Specialized insurance coverages are available for your business. Be sure to discuss your situation with your Schultheis Insurance Agent.

The long-term continuity of your business doesn’t just happen on its own; it requires planning in tandem with proper funding tools. Your Schultheis Insurance Agent can assist you with our Business Evaluation, and we can help you select among many options including Executive Compensation, Buy-Sell Agreements, Key Man Insurance, and Business Continuity Planning.

As one of the top ten largest Independent Insurance Agencies in Indiana, Schultheis offers protection for all sizes of businesses, from locally-owned small businesses to large multi-million dollar corporations. Schultheis has been providing business insurance policies for years, and we have established relationships with insurance companies that can give you the protection you need at the most affordable rates. For your peace of mind, let your Schultheis Insurance Agent review your business insurance needs and provide a quote for the coverage you need.

Increasing Workers’ Compensation costs can be disturbing for many businesses. Although Workers’ Compensation is regulated, you DO have control over the actual premiums you pay. Schultheis Insurance has Certified WorkComp Advisors on staff to help you negotiate the many challenges of creating a comprehensive Work Comp Plan.

What Is a Certified WorkComp Advisor?

A Certified WorkComp Advisor (CWCA) receives additional training specific to the Workers’ Compensation industry enabling them to fully understand errors that commonly occur and cost-saving processes that should be implemented.

Providing an advanced insurance consultative approach to the analysis and discovery of cost-saving corrections and/or refinements in a Workers’ Compensation insurance program, the goal of a CWCA is to find and fix errors, help refine a Workers’ Compensation program and ultimately return money to the employer and/or create cost-saving processes, policies and procedures.

Fewer than 1,000 professionals have earned the Certified WorkComp Advisor designation, awarded by the Institute of WorkComp Professionals, the nation’s largest educator and trainer of Workers’ Compensation professionals. Visit their website at http://www.workcompprofessionals.com.

Now is the Time to Take Control of Your Workers Compensation Costs

To many employers, Workers’ Compensation insurance is just another unavoidable cost of doing business and an expense over which they think they have little control. However, managing Workers’ Compensation costs are not as difficult as one might think when you have the right partner.

Schultheis Insurance will review your workforce status and workplace environment in addition to past injury reports and payments as well as your specific industry, safety, and return-to-work programs. Our thorough analysis will determine ways in which your company can improve your current practices to effectively manage Workers’ Compensation costs.

The Complete Solution

Schultheis Insurance’s team of Certified WorkComp Advisors will put you in control of your Workers’ Compensation Program. Our Work Comp Solutions Team will work with your existing staff to implement and maintain the complete solution for you.