The difference between a Farmers
Workers Compensation policy and
one offered by another insurance
company is service.
As part of our service, We offer
your business our "building
block" system to help you build
a strong foundation for
operating a safe, secure work
environment. The building blocks
include accident prevention and
loss control, team service lead
by me, claims management and our
medical and disability
management program referred to
as Farmers Care.
What does this mean to you - the
employer?
- Reduced injuries and
losses
- Reduced medical and
disability costs
- Reduced policy
adjustments
- Reduced premium costs
We offer Workers Compensation
focused on these ten industry
groups:
- Agriculture
- Light manufacturing
- Artisan contractors
- Printing
- Automotive
- Retailers
- Food service
- Service providers
- Hotels/Motels
- Wholesalers/Distributors
Types
of Business
Life
Insurance
As a business owner, you spend
many hours working and
developing your business. But
have you thought about what
would happen to your business
should you or your partner
become disabled or die? To
preserve the future of your
business, it is important that
your create a business
continuation plan. Such plans
often include a "buy-sell"
agreement. A buy-sell agreement,
funded by life insurance and
written while the owners are
alive, ensures that your heirs
can sell their share of the
business to surviving owners -
and that the surviving owners
can buy their share. Each owner
also agrees not to sell their
interests without first offering
it to the remaining owners at an
agreed-upon price or formula.
Consider the following options
for your business:
Partnership Life Insurance:
Farmers Partnership Life
Insurance is designed to help
your business survive the loss
of a partner. To preserve the
business, many partnerships have
a buy-sell agreement, which
fixes both the price and terms
of the sale in the event a
surviving partner buys out a
deceased partner's interest.
Life insurance can provide the
necessary funds no matter when
the partner's death occurs.
Sole
Proprietorship
Life Insurance:
You may want to transfer your
business to a successor, in
which case life insurance
purchased by your heirs can
provide funds to pay estate
taxes and help sustain the
business during the initial
period of new management. Or, if
your employees are interested in
carrying on your business, a
buy-sell agreement can be funded
with life insurance to assure
that your family will receive
the optimum value for the
business.
Stockholder
Life
Insurance:
We recommend that you use life
insurance to create a pre-death
buy-sell agreement certifying
that if a stockholder should
die, the remaining stockholders
can purchase his/her shares at a
fixed price. This will guarantee
that heirs will receive cash for
their inherited business
interest and that surviving
stockholders will maintain
control of the business.
Farmers is recognized as a
leader in the surety industry
with expertise in a variety of
bonds. Consideration can be
given to underwrite almost any
type of bond required. Many
Farmers agents have authority to
execute bonds right on the spot.
A bond covers the fulfillment of
an obligation. The obligations
can range from performance of a
contract to following laws
related to an operating license.
Other obligations include paying
taxes or lease fees, supplying
goods, paying a court judgment,
performing duties as a public
official, etc.
I am ready to provide the
backing needed to meet your
business or personal bond needs.
When a business loss occurs, our
experienced claims
representatives will help you
get back where you belong with
caring, professional service and
same-day response. Our
commercial claims centers
handle:
- Commercial Property
- Commercial Liability
- Workers' Compensation
Commercial Auto claims are
settled at your local branch
claims office.
File a claim online One-day
response to your claim The REACT
Program
