Business Insurance Loss Histories – To bind coverage for most insurance companies, you need to provide a loss history from your previous carrier. Loss histories allow a carrier to see problems in the past and trends to improve claims activities. They are also used to support credits applied to lower premiums. Click here for a Sample Loss Request for your use. Workers Compensation – One of the major costs of insurance is workers compensation. All operations in Michigan should carry workers compensation. The fines for failure to carry workers compensation are $1,000 per day and 30 days of jail time. Controlling this cost is one of the areas in which BHIA works with you. Proper documentation, pre-audit reviews and experience modification checking are just some of the simple ways to control costs. Click here for the Independent Contractors Statement and State Modification Sheet for your use. Package Policies – Many carriers now package policies together and provide discounts for doing so. Property, liability, auto, crime, workers compensation and umbrellas are just a few policies that can be combined to save money for you. While it may not always be possible, packaging is one way we work to save you time and money. Business Owners Policies – Most carriers offer some form of small business package policies. These policies roll many standard and non-standard coverages into a nice simple policy for small businesses. No two policies are alike. BHIA’s job is to review these policy differences and advise which policies best fit your need of coverage to premium. Umbrella Policies – Umbrella policies offer higher limits to your standard liability, auto and employers liability policies. Umbrella policies are one of the most misunderstood policies for business. A personal review of your needs is the only way to determine what is best for you. Remember that few umbrellas add coverage, they just provide higher limits of insurance. Policy Discounts – Obtaining policy discounts is one way BHIA can help you control your insurance costs. Alarm, sprinkler, management practice, workplace safety, drug testing, and employee manuals are just a few examples that may be used to lower premiums. Working together to review and set up good risk management operations can take a bad loss history and turn it into a positive position with a carrier, in as little as 6 months. If you have not reviewed these areas, we can help. Business Insurance Carriers American Modern Insurance Group (amig.com) Assurant Insurance Group (assurant.com) CNA Insurance(cna.com) Progressive Insurance (driveinsurance.com) The Hartford (thehartford.com) Michigan Millers Mutual Insurance Co. (mimillers.com) North Pointe Insurance (npte.com) Ohio Casualty Insurance Group (ocas.com) Safeco Insurance (safeco.com) Personal Policies Items needed to bind coverage: Copy of current insurance policy Copy of drivers license Copy of medical insurance Review of disability insurance Homeowners Insurance - Today's homeowners insurance comes in a wide variety of coverages. Insurance carriers customize their forms to the class of home they feel most comfortable. All carriers now provide extras in the policy to enhance coverage for customers. Reviewing your options has never been more important. We will work with you to find a fit that will last more than one or two years, however, many times your needs change. Most often is when you move, however, increased housing costs can make changes happen almost over night. Working together we can keep coverage relevant. Automobile Insurance - Policies are based on a number of factors, the main ones are: Age of drivers Location of home Insurance/Credit score Driving record Working together we can explain how each of these will affect your policy. Again, not all carriers react to each circumstance the same. Finding the one that fits makes all the difference, in both price and coverage. Personal Umbrella - Many customers feel more comfortable with higher limits of insurance. Personal umbrella policies may be the answer. Just remember that most often they provide higher limits, not more coverage. Policies Discounts - Below is a list of common discounts offered by insurance carriers. Please keep this in mind when reviewing any insurance policies: Multi-policy discount (i.e. home and auto together) Alarms Claims-free history Dead bolts Fire extinguishers Trade groups Alumni Non smoker Good student Student at school Personal Insurance Carriers American Modern Insurance Group (amig.com) Assurant Insurance Group (assurant.com) Chubb (chubb.com) Progressive Insurance (driveinsurance.com) Encompass (encompassinsurance.com) Michigan Millers Mutual Insurance Co. (mimillers.com) Ohio Casualty Insurance Group (ocas.com) Safeco Insurance (safeco.com)

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