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For Businesses

Businessowners Policy (BOP)

Umialik's Businessowners Policy (BOP) program is designed for eligible small businesses that desire to combine their property and liability insurance needs into one convenient package of coverages. Our unique BOP program is available for hundreds of eligible small business classes and comes complete with flexible payment options, including monthly direct bill installments.

Commercial Auto

Umialik insures commercial vehicles in conjunction with other commercial policies. Standard coverages for Commercial Auto include:

  • Combined single limit insurance for Bodily Injury and Property Damage

  • Personal Injury Protection (PIP) or Medical

  • Uninsured and Underinsured Motorist

  • Comprehensive

  • Collision

  • Other miscellaneous coverages are also available

Commercial Fire

Umialik provides the many types of insurance necessary to protect your business from the perils of fire, theft, wind, loss of income, etc. Coverage for building, building personal property, and personal property of others is standard under the policy. In addition, Umialik has a Property Enhancement Endorsement that expands many of the coverages available under the basic property form. The following coverages are subject to expanded limits:

  • Accounts receivable

  • Back-up of sewers

  • Changes in temperature or humidity

  • Distance from described premises

  • EDP (computer)

  • Extra expense

  • Fire extinguisher recharge

  • Inventory and appraisals of loss

  • Lock replacement

  • Newly acquired or constructed property

  • Ordinance or law

  • Off-premises power failure

  • Outdoor property

  • Personal effects

  • Property off premises (includes exhibition)

  • Property in the custody of salespersons

  • Property of others

  • Property in transit

  • Reward reimbursement

  • Signs (attached and unattached)

  • Utility services (off-premises power failure)

  • Valuable papers

Commercial Package Policy (CPP)

The Commercial Package Policy is a valuable and cost-effective way to combine many different lines of business into one package.

Commercial Umbrella

Umialik writes Commercial Umbrella policies in conjunction with other commercial insurance. This policy adds higher limits of liability beyond General Liability, Commercial Auto, and Employer's Practices Liability. One of the requirements of the Commercial Umbrella program is that Umialik insures your primary underlying coverages.

Contractors E&O

Umialik's Contractors E&O form provides coverage on a claims-made basis for damages resulting from the policyholder's negligent act, error, or omission arising from the business operation described in the declarations or from a defect in material or product sold or installed by the policyholder while acting in the business.

Cyber Liability

With the increased use of e-commerce; web-based file storage; and the proliferation of smart phones, laptops, and tablets in businesses of all sizes, data security risks are growing exponentially. Recognizing this increasing risk, we’ve developed a Computer Coverage program that provides both First-Party and Third-Party Protection for our new and existing commercial policyholders. Computer Coverage limits are available up to $1,000,000 and our program includes these nine core coverage components:

  • Network Security and Privacy Insurance – coverage for both online and offline information, virus attacks, denial of service, and failure to prevent transmission of malicious code

  • Regulatory Defense and Penalties – coverage for defense costs and fines and penalties resulting from government investigations

  • Privacy Breach Response Costs – coverage for costs incurred to notify affected individuals

  • Network Asset Protection – coverage for income loss, business interruption expenses, and costs to restore data that is damaged

  • Multimedia Insurance – coverage for copyright/trademark infringement

  • Cyber Extortion – will pay extortion expenses and monies as a direct result of a credible cyber extortion threat

  • Cyber Terrorism – coverage for income loss and interruption expenses as a result of the interruption of the policyholder’s computer system due to a cyber terrorism attack

  • Payment Card Industry Data Security Standard (PCI/DSS) fines and penalties

Employer's Practices Liability (EPL)

Umialik now offers Employer's Practices Liability (EPL) coverage for eligible commercial policies, making it easier and affordable for employers to protect themselves against these increasingly prevalent claims. This EPL program protects employers against claims of discrimination, sexual harassment, wrongful termination, and other unlawful employment practices.

To access Umialik's EPL resource website (EmployerProtectionNet), click here.

EPL website resources:

About EmployerProtectionNet
Establishing Access to EmployerProtectionNet
Legal Advice Line

Equipment Breakdown

Equipment Breakdown insurance covers the physical and financial damage stemming from an insured equipment failure. It's the bottom-line protection essential for today's technology-intensive world. Umialik's policy pays for losses that aren't typically covered by standard property policies.

Our insurance includes:

  • Mechanical breakdown

  • Cloud Computing Service Interruption

  • Electrical arcing

  • Hot water heater loss or damage

  • Microelectronics Coverage

  • Off Premises Coverage

  • Public Relations Coverage

  • Steam boiler, piping, engine, or turbine explosion

  • Steam boiler loss or damage

General Liability

Umialik uses the ISO General Liability policy form. The policy offers coverage for the following:

  • Bodily Injury

  • Property Damage

  • Personal Injury

  • Advertising Liability

  • Fire Legal Liability

  • Medical Expenses

Inland Marine

Umialik provides most of the typical Inland Marine coverages. Listed below are some of the more common ones:

  • Accounts Reveivable

  • Bailees' Coverage

  • Builders' Risk

  • Cargo

  • Contractors' Equiptment

  • EDP (computer)

  • Installation Floater

  • Signs

  • Transportation Floater

  • Valuable Papers

Workers' Compensation

The Workers' Compensation policy pays for medical expenses and lost wages in amounts determined by state law. All employers are required to either purchase Workers' Compensation insurance or be self-insured. Employers can work with loss control representatives and claim administrators at Western National to monitor and manage their claims. Umialik offers the following Workers' Compensation programs:

  • Guaranteed cost

  • Deductible programs

  • Dividend programs

  • Flat

  • Variable