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Applied Underwriters Insurance

Applied Underwriters Insurance is a leading provider of workers’ compensation insurance and other business insurance solutions. In this article, we will delve into the company’s history, products, and plans, comparing them to other top insurance providers in the USA.

History and Overview

Applied Underwriters Insurance was founded in 1994 by Steve Menzies, with a focus on providing innovative insurance solutions to businesses. Today, the company is a subsidiary of Berkshire Hathaway and has grown to become one of the largest workers’ compensation insurance providers in the USA.

Products and Plans

Applied Underwriters Insurance offers a range of products, including:

ProductDescription
Workers’ Compensation InsuranceCoverage for work-related injuries and illnesses
Businessowners Policy (BOP)Package policy for property, liability, and business interruption
General Liability InsuranceProtection against third-party lawsuits
Commercial Auto InsuranceCoverage for company vehicles and drivers
Umbrella InsuranceExcess liability coverage

Workers’ Compensation Insurance Plans

Applied Underwriters Insurance offers two workers’ compensation insurance plans:

PlanDescription
Applied WorkComp®Traditional guaranteed-cost plan
Equitrust®Self-insured group trust (SIGT) plan

Comparison with Other Top Insurance Providers

Here’s a comparison of Applied Underwriters Insurance with other top insurance providers in the USA:

Insurance ProviderWorkers’ Compensation InsuranceBusinessowners PolicyGeneral Liability Insurance
Applied Underwriters Insurance
State Farm Insurance
Liberty Mutual Insurance
The Hartford Insurance

Pros and Cons

Pros:

  • Competitive pricing
  • Customizable plans
  • Excellent customer service
  • Financial stability (A.M. Best A- rating)

Cons:

  • Limited coverage options in some states
  • Higher deductibles for some plans

Conclusion

Applied Underwriters Insurance is a reputable provider of workers’ compensation insurance and other business insurance solutions. With its customizable plans, competitive pricing, and excellent customer service, it’s an attractive option for businesses in the USA. While it may have some limitations, Applied Underwriters Insurance is a solid choice for companies seeking comprehensive insurance coverage.

FAQs

  1. What states does Applied Underwriters Insurance operate in?
    Applied Underwriters Insurance operates in all 50 states.
  2. What is the minimum premium for workers’ compensation insurance?
    The minimum premium varies by state and industry.
  3. Can I customize my business insurance plan?
    Yes, Applied Underwriters Insurance offers customizable plans to fit your business needs.