JC Health Insurance Services
JC Health Insurance Services designs insurance program tailored specifically to meet your individual or small business coverage needs. As an independent agent we research the insurance marketplace for you to create a program that will provide you with the greatest value for your premium dollar.
Click on links to the left for our service descriptions and additional information.
Palladium MYG
Company: AMERICAN NATIONAL
Rating (s): A.M. Best – A+ (SUPERIOR) S & P – AA (VERY STRONG)
Product: Palladium MYG
Dominator Plus
Company: Allianz
Rating (s): A.M. Best – A (EXCELLENT) S & P – AA (VERY STRONG) Moody’s – A2 (GOOD)
Product: Dominator Plus
Income Select Bonus with Income Edge Plus Rider
Company: AVIVA USA
Rating (s): A.M. Best – A+ (SUPERIOR) S & P – AA- (VERY STRONG)
Product: Income Select Bonus with Income Edge Plus Rider
Endurance 15
Company: Allianz
Rating (s): A.M. Best – A (EXCELLENT) S & P – AA (VERY STRONG) Moody’s – A2 (GOOD)
Product: Endurance 15
Automobile
There are two types of automobile insurance:
- Automobile Liability provides liability for injuries to others and/or damage to their property (bodily injury liability and property damage liability)
- Automobile Physical Damage provides coverage for damage to owned vehicles
Automotive Liability Coverage
Most organizations are covered under a Business Auto policy (BAP) or Business Auto coverage form. Automobile dealerships, parking garages, and auto repair shops use the Garage policy, and trucking firms use the Truckers or Motor Carrier form. Besides covering exposures associated with owned vehicles, liability insurance may cover your company's liability for operating non-owned vehicles (such as when an employee uses a personal car to run an errand).
Automobile Physical Damage Coverage
There are two types of Automobile Physical Damage coverage:
- Collision insures against damage from collision with another vehicle or object as well as from overturning
- Comprehensive provides protection against damage from other types of perils such as hail, fire, vandalism, and flood
Additionally, there are several secondary coverages such as Medical Payments, Personal Injury Protection (PIP), and towing.
Mobile Equipment vs. Automobiles
Since the Comprehensive General Liability policy does not include a unit coverage charge for mobile equipment, the distinction between "autos" and "mobile equipment" is important. Mobile Equipment is specifically and precisely defined in both the Comprehensive General Liability and the Automobile policy. Mistakes often occur when trying to determine if vehicles are mobile equipment or automobiles, resulting in unnecessary automobile liability premiums.
Carefully review the automobile schedule to determine whether your company is paying automobile liability premiums on mobile equipment. Correcting these errors can significantly reduce liability premiums. However, the Commercial General Liability policy does not insure against physical damage to the mobile equipment.
Mobile equipment can be insured against physical damage in a Contractor's Equipment policy. This policy can cover both the vehicle and any mounted specialized equipment.
Automobile Physical Damage Rates
Often, automobile physical damage rates run 2 to 3 percent of the market value of the unit in question. If it qualifies, however, this equipment may be covered under a Contractor's Equipment policy, generally at a substantial savings over the Automobile policy. In general, the more equipment insured under a Contractor's Equipment policy rather than an Automobile policy, the lower the premium cost.
Claims and Deductibles
A "per occurrence" deductible applies only one time for all claims arising from a particular accident. Consider a highway accident involving 12 automobiles caused by a company employee. The per occurrence deductible of $500 applies only once to the accident.
On the other hand, a "per claim" basis deductible applies to each of the 12 claims. In other words, the insured has to pay $6,000 in deductibles instead of $500. Although a per claim deductible may provide greater reduction in premiums than a per occurrence deductible, a small business choosing a per occurrence basis deductible has better protection in the long run.
FAQs
Why do I have to purchase automobile liability coverage?
Every state has determined that automobile accidents are sufficiently tragic and frequent to warrant government oversight. For example, states require you to drive below specified speed limits and pass a test to obtain a driver's license. They also require that you prove you are financially responsible for any accident that you cause. Without insurance, most drivers would not be able to guarantee that they can pay for the accidents they cause.
Why does my bank require me to purchase physical damage insurance?
In short, because they own the vehicle. Once you have completely paid for the vehicle and hold the title to it, you can choose not to insure it for physical damage. Typically, you should decide not to purchase this coverage only if replacing it would not cause you financial strain or if you would not plan to replace it.
If you choose not to insure a vehicle, you may want to plan now for the services you are losing: subrogation against other drivers who damage your vehicle, maximizing the salvage value of your totaled vehicle, and locating an inexpensive towing service.
Can I add an additional insured to this policy?
The Automobile policy covers almost anyone who uses your vehicle with permission. It also covers anyone liable for the conduct of your use of vehicle. For that reason, any party that would want to be added as an additional insured for the use of your vehicle is already covered without the need of an additional insured endorsement.
Can I waive my rights of subrogation in this policy?
As long as you waive your rights of subrogation prior to a loss, your insurance company will accept that waiver.
Why should my vehicles be titled in the same name as the named insured?
Insurance companies need to make sure that you have an insurable interest in the property insured. If you own it then you will be more likely to maintain it, know when a loss occurs, and control who uses it. Also, claim payments are made to the named insured.
Why should I buy higher Uninsured/Underinsured Motorists limits?
This coverage extends your policy to cover you when an uninsured driver injures you or damages your vehicle, if no other coverage applies, in an automobile accident. Even though state law requires that all licensed vehicles have insurance, many drivers drive without it, so most states require that you purchase this Uninsured and Underinsured coverage. States also govern how and when this coverage applies.
How many uninsured drivers are there in my state?
The number of uninsured drivers varies dramatically by state. The number of uninsured drivers in the worst states:
| Mississippi | = 29% |
| Alabama | = 28% |
| New Mexico | = 27% |
| California | = 26% |
| Washington, DC | = 22% |
| South Carolina | = 22% |
| Alaska | = 22% |
| Texas | = 21% |
| Rhode Island | = 20% |
| Tennessee | = 20% |
| Florida | = 20% |
What is the difference between Med Pay and PIP?
Medical Payments (Med Pay) covers the medical payments of passengers in your vehicle if they are injured. Personal Injury Protection (PIP) includes that coverage but can also extend to cover other items such as your lost wages.
A few states have passed limited no-fault statutes. Each state has different limits, coverage triggers, and coverage application. However, these statutes typically stipulate that losses under a certain amount are covered by the no-fault system rather than by the at-fault driver's liability coverage. If the no-fault statute applies, the PIP of your own policy would pay your claim.
PIP replaces Med Pay in all states with no-fault statutes.
What advice do you have for rental car insurance coverage?
You can purchase hired automobile physical damage on your automobile policy. We have two areas of caution. First, your rental agreement may require you to reimburse the rental company for their loss of rental income when their vehicle is wrecked. Most policies do not cover that exposure (but many credit cards do). Second, this coverage only applies to the named insured of this policy. When you rent your vehicle, remember to draw up the contract with your company name. If the rental agency does not allow that, then make sure that you sign your name followed by "on behalf of" your company name.
Are my permanently installed stereos, radios, and car phones covered?
There is no standard industry coverage for these items. If your policy does not have a specifically worded endorsement addressing this coverage then it is probably not included.
I keep one auto strictly for business. Do I need a separate policy?
Yes. Whether you have one vehicle or several, you will need a business automobile policy. Such a policy covers any motor vehicle used in your business, including cars, vans, trucks, and trailers pulled by trucks, and offers coverage if they are damaged or stolen. It also covers liability if the business vehicle is in an accident and the driver is at fault. This policy is not for truckers or commercial garages, which have special liabilities and must secure special policies that deal with their different needs. Businesses that have a fleet of vehicles will of course have different needs than a business with one or two, and their policies will reflect these differences.
COBRA Administration
"COBRA" stands for Consolidated Omnibus Budget Reconciliation Act of 1985.
COBRA is the federal health care continuation law. COBRA requires that if an employee or other "qualified beneficiary" loses employer-provided health coverage due to termination of employment or another specified "triggering event," the group health plan must offer continued health care coverage to the qualified beneficiary. The qualified beneficiary may be (and typically is) required to pay the full cost for the coverage.
COBRA coverage has limited duration. In most cases, the maximum COBRA period is 18 or 36 months from the date of the qualifying event.
COBRA effects groups of 20 OR MORE EMPLOYEES. Employee count includes all full and part time employees on the payroll.
Commercial Insurance
We have a very strong Insurance Company for Commercial Auto.
*The Hartford.
* Progressive Insurance.
Dental Insurance
Our agency is very active in the group and individual dental insurance marketplace. Whether you are investigating dental insurance for an individual, a group plan for a small start up, or a partially self-funded multi-state corporate group plan, our agency is prepared to assist you. We can help you evaluate your needs, survey the marketplace, prepare side by side plan and price comparisons for your review, and then help you implement the plan(s) that you determine best meet your objectives.
Life Insurance
Our agency is very active in the group and individual Life insurance marketplace. Whether you are investigating Life insurance for an individual, a group plan for a small start up, or a 1000 employee multistate corporate group plan, our agency is capable and prepared to assist you. We can help you evaluate your needs, survey the marketplace, prepare side by side plan and price comparisons for your review, and then help you implement the plan(s) that you determine best meet your objectives.
List of Insurance company.
- The American General Life Insurance Company.
- GE Financial Assurance; First Colony Life Insurance Company.
- Transamerica Insurance & Investment Group.
- AGLA ConsumerChoice Term (click here for the details.)
Cancer Insurance
Download the brochure (pdf, 4.5MB)
Long Term Disability
When faced with an employee who's been disabled, uninsured employers have few options. Do you continue to pay all or part of a salary? Offer unpaid leave? Terminate employment? For an employer and employee, the choices can be devastating. An insured Long Term Disability plan will replace up to 66 2/3% of an employee's income up to the age of 67 in a situation where catastrophic illness or injury exists. A managed LTD plan allows an employer to outsource the difficult decisions surrounding a disabled employee to disability experts. Along with income protection, most disability plans offer rehabilitation and return-to-work services that are essential to the recovery of disabled employees. The goal of Long Term Disability insurance is to financially protect and proactively return disabled employees to a productive life.
FAQs
How many people really use their LTD plan?
There is a 1 in 5 risk that a 35 year old will be disabled for 90 days or more before age 65. You are more likely to become disabled than to die during your working years.
How much will LTD cost the company?
The general rule is that a fully insured LTD plan will cost a company about one half of one percent of the company's monthly payroll.
Will an LTD plan pay a disabled employee who returns to work on a part-time basis?
Yes, most LTD plans will pay an employee who is limited from performing all of their job functions, and has suffered a 20% or more loss of income as a result.
What are the most common income replacement percentages?
Most companies implement a plan that replaces 60% or 66 2/3% of an employee's income in the event of a disability. The highest percentage available is 66 2/3%.
Medical Insurance
Our agency is very active in the group and individual medical insurance marketplace. Whether you are investigating medical insurance for an individual, a group plan for a small start up, or a partially self-funded multi-state corporate group plan, our agency is capable and prepared to assist you. We can help you evaluate your needs, survey the marketplace, prepare side by side plan and price comparisons for your review, and then help you implement the plan(s) that you determine best meet your objectives.
Online Services
JC Health Insurance has developed some online services to assist your efforts to gain a competitive advantage in servicing your employees. Our Agency provides email communications and online employee benefit communications through our agency website. Ask about our My Employee Benefits service for small and mid-size group companies.
