According to recent reports, small businesses make up over 95% of business firms in America and considered the backbone of the American economy. That is why SIU has created a workers' compensation program that allows independent insurance agents to streamline workers' compensation solutions to their small business insureds. SIU has partnered with A-Rated carriers to offer workers' comp to businesses that are purchasing coverage for the first time or may not qualify for other programs due to their low payroll. Whether you have 3 full time employee or 3 part time employees, SIU has solutions for your insured's needs.
SIU also understands that owners may need to provide a certificate of insurance even if they do not have employees. SIU now offers ghost policies to owners that want to be excluded and to those that may want to be included. These policies are written on A-Rated paper and have a typical savings of $500 compared to policies purchased through the Assigned Risk.
- New Venture
- Ghost
- Premium requirements: Maximum of $10K
- Ineligible: Carpentry, Supervisors, Height Exposure over 15 Ft, No employees, no subs and no day labor.
- Program Highlights: 12 HR Turn Around, A-Rated Paper, Minimum Premium Policies
- Submission Requirement: Acord 130
- Ineligible: Carpentry, Supervisors, Height Exposure over 15 Ft, No employees, no subs and no day labor.
- Program Highlights: Owner Included or Excluded, Owner/Operators, Online submissions, quoting and Binding.
- Submission Requirements: Online Submissions or Acord 130