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UGIC Insurance Services

Insurance, United States, Pennsylvania, Philadelphia

UGIC Insurance Services - Specializing in Property and Casualty Insurance with a focus on customer service and risk management solutions.

About UGIC Insurance Services

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Basics

Type
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Founded
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Total Employees
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Employees on Linkedin
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Employees on OWCareers
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Main Office
United States of America, Pennsylvania state
Official Website
http://www.ugicinsurance.com
Location Address Official Phone Email
United States of America, Pennsylvania state United States, Pennsylvania, Philadelphia **** ****
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FAQs – UGIC Insurance Services

Does public liability insurance cover employee injuries?

No, employee injuries are not covered under public liability insurance. Instead, businesses must obtain workers' compensation insurance, which is legally required in most regions for employee protection in case of workplace injuries or illnesses.


How much term life insurance do I need?

The amount depends on factors like income, debts, future expenses, and dependents' needs. A common rule is 10-15 times your annual income, but individual circumstances vary.


Can I change my grace period terms?

Grace period terms are usually set by the insurer and cannot be changed, but you can negotiate payment plans or policy modifications with your provider.


Can blockchain reduce insurance fraud in auto insurance?

Yes, blockchain can prevent auto insurance fraud by securely recording vehicle history, ownership details, and claims data. It ensures that fraudulent claims, duplicate claims, and false accident reports are identified and blocked instantly.


Is employer-provided life insurance taxable?

Employer-provided life insurance coverage over $50,000 is considered a taxable benefit. The IRS requires the excess amount to be reported as imputed income on the employee’s W-2 form.


How do I choose the right employer liability insurance policy?

Evaluate business risks, compare coverage limits, check exclusions, and work with an insurance advisor to find the best policy.


Can I drop comprehensive coverage on my car?

Yes, you can drop comprehensive coverage if you own your car outright and feel comfortable covering repair or replacement costs. However, it is recommended for valuable vehicles or those in areas prone to theft and severe weather.


How can I determine the right insurance policy for my needs?

Consider factors like coverage amount, risk exposure, financial goals, exclusions, premium costs, and additional riders. Consulting an insurance agent can help in selecting the best policy.


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