Business Owner’s Policy

Our Approach

UFCIC targets those risks that are managed in such a way that they deserve to qualify for, and enjoy, the additional advantages in security and coverage offered by an admitted product. Our target is that small well managed business in operation for two or more years that has enjoyed loss free experience in the previous two to three years.

UBOP

UFCIC targets those risks that are managed in such a way that they deserve to qualify for, and enjoy, the additional advantages in security and coverage offered by an admitted product. Our target is that small well managed business in operation for two or more years that has enjoyed loss free experience in the previous two to three years.

Eligibility

All business written must be:

  • a. In business at the same location for two or more years (some classifications have longer duration requirements as listed below)
  • b. Loss free:
    • i. Since inception of business if less than three years old
    • ii. For the last three years if in business for three years or more. Any losses in last five years must be referred to company for underwriting.
  • c. Currently insured with no lapse
  • d. Have no past or pending regulatory or enforcement actions against them by any governmental entity including child support orders.
  • e. Properly licensed or permitted as the case may be
  • f. No outstanding unsatisfied judgements of any kind.
  • g. No current litigation whether or not in relation to an insured event
  • h. Current on tax payments

General Target Risks

UFCIC targets small businesses with $5,000,000 or less in annual sales and less than 50 employees which are experienced, well managed and generally under served by the admitted marketplace. We seek retail and wholesale operations, small service contractors, office exposures, rental housing, and specialized service businesses. The following pages list our target classes and have some general rules and exceptions.