We have a wide array of offerings and coverage options to make sure you and your business are secured.
Business & Commercial
By offering detailed analysis, access to our industry’s top carriers, and a communicative relationship, we can tailor an insurance package to fit your business’s needs.
A business’s fleet of commercial autos can be its most important tool. We can offer complete coverage for your business autos.
Theft, including employee dishonesty, can be a huge risk to businesses. We can help you to identify potential risks and protect yourself with the right coverages.
It’s the 21st century, and criminals got the memo. Our cyber liability insurance covers your business from data breaches and other security threats while giving you the tools to manage online risks before and after the breach.
Schuetz Insurance analyzes the building, contents, and risk potential for any property coverage we write. We can offer coverage for new construction, rented property, and redevelopment.
Protection for your employees is vital to the success of your business. We can work with you to help minimize losses and keep your workers safe.
A complete liability package is essential for any business. Schuetz Insurance can help you to assess any potential risks and ensure that you have an adequate risk transfer program in place. We offer several liability coverages.
A particularly important coverage for any business that transports property, job materials, or tools and equipment. At Schuetz, we can write blanket or job-specific builder’s risk policies to cover any gaps in your property policy.
Schuetz Insurance can make sure that you have the right amount of excess protection in the event of a large loss. We offer contract review to make sure you have the correct limits and coverage.
Bonding & Surety
Bonding & Surety are paramount to the success of the construction industry. Schuetz has been offering this coverage for nearly 80 years, helping build our community higher.
Maurice J. Schuetz, Sr. founded our agency in 1943 after working for several years as a surety company underwriter at USF&G. It was there he developed strong, close relationships with his contractor clients who did not have a professional bonding agent. This discovery led Mr. Schuetz to open an agency tailored to contractors who needed to secure bonds and obtain specialized insurance coverages. His motto became, “See Schuetz Before You Build.”
A strong relationship with a knowledgeable surety agent is your most valuable resource if your business needs include obtaining surety credit. Our agency has both experienced agents and a separate department dedicated to servicing bond requests for our clients.
Since 1980, our agency has continued as a member of The National Association of Surety Bond Producers (NASBP). Membership requires a commitment to NASBP’s Code of Ethics and is subject to professional peer approval. We are one of only five accepted member agencies within the state of Indiana.
Due to our extensive involvement in the construction industry, we evaluate legislative, insurance, and bonding issues. In recent years, advances in technology continue to impact contract administration and business transactions. Our agency is actively involved in these new developments. We participated in INDOT’s introduction of their electronic bidding (and electronic bond) system. Presently, Jenni Waggoner, AVP and Bond Manager, serves as Vice Chair on an NASBP committee and as the leader of a national group of surety professionals working to create universal technology which will allow for faster servicing of bond requests, including mobile capabilities.
From Clowes Hall and Lucas Oil Stadium, to Wishard Hospital and the IPL Building, we have taken pride in knowing we have contributed to the growth of our state.
Indiana State Capital Dome
Clowes Memorial Hall
Second Presbyterian Church
Lucas Oil Stadium
Sidney & Lois Eskenazi Hospital
Indianapolis Museum of Art
Indiana Historical Society
Colts Training Facility
Atherton Hall, Butler University
You’ve got a lot of assets that need coverage, assets that you can buy or sell rather quickly. We like to stay ahead of the game and give you the tools you need to make the right coverage decisions for you.
Whether it’s your house, condo, or vacation home, we have a policy to protect these assets and provide proper liability.
Foreign or domestic, brand new or high mileage, two wheels or eighteen, we’ll make sure you’re protected on the road and off it.
High-value and/or high-profile accounts
Sometimes your standard coverage doesn’t cut it. We can tailor insurance programs for those that need extra coverage.
When faced with a catastrophic loss, your standard coverage limits can be exhausted quickly. A personal umbrella policy can extend your protection beyond your underlying limits.
Boats, jet skis, catamarans: if it’s on the water, it needs coverage. Schuetz has the right insurance for your favorite toy.
You spend your life accumulating it; don’t let a freak accident cause you to lose it. We cover your passion, too.
RVs, golf carts, and off-road vehicles require additional insurance. We offer the coverage you need to keep you protected and the good times rolling.
Protect yourself and your property from everything a landlord won’t with a renter’s insurance policy from Schuetz.
Life & Health Insurance
We’re all human, and human beings are vulnerable. But with the right coverage, we can make sure you and your loved ones are a little less vulnerable to medical scares and bills.
Our commercial lines department offers several products to the business community, including:
- Commercial Life Insurance
- Disability Income
- Accident Coverage
- Funding for Buy/Sell Agreements
- And more
Our personal lines team is here to help you protect your family and assets with a suitable amount of insurance. Additionally, Schuetz can secure discounts on your current personal insurance program by adding a life insurance policy. We offer the following services to help you find the right life insurance policy:
- Financial Planning
- Term and Permanent
- Universal Life
- Whole Life
- And more
Knowing you have coverage when you or someone in your family’s health takes a turn for the worse is invaluable. It’s not just saving lives, it’s saving livelihoods; medical bills for the uninsured can be utterly crippling. At Schuetz, we not only want you to have the coverage that makes the most sense for you, we want you to have peace of mind.
Small Employer Insured ACA-Compliant Plans
Traditional group medical policies cover preventive care services at 100%, have unlimited plan maximums, cannot impose pre-existing condition limitations, cover dependent children up to age 26, and have implemented a different rating methodology.
Small Employer Self-Funded Plans
Traditional plans provide employers greater latitude in designing coverage, potential to get a premium refund if your employees’ claims utilization is low, and protection if your employees’ claims utilization is higher than expected.
Limited Medical Benefit Plans
These plans typically offer the employee the freedom to choose their provider, generous physician visit coverage, generic prescription coverage, and some reduced hospitalization coverage. These plans may be an ideal fit for businesses that wish to ease into providing a comprehensive group health plan.
These plans can be set up as employer paid or 100% employee paid (known as Voluntary Dental). Group dental plans typically cover two oral exams and cleanings annually at 100%. After application of a deductible, these plans also cover fillings and extractions, generally at 80% coinsurance, while services such as dentures, implants, and root canals are paid at 50%. Dental Plans have a maximum annual benefit. Traditionally, this has been $1,000; however, higher dental maximums are available!
We represent many of the leading dental insurance companies. We can deliver a competitively priced product with additional value-added services.
Vision plans can also be set up as employer paid or 100% employee paid (Voluntary Vision). Generally, for a low monthly premium, an employee will get to visit an eye doctor annually for a flat copay. In addition, they will be able to purchase contact lenses or frames up to a certain retail maximum at a flat copay.
Group Disability Income Protection
Employees depend on their income to pay everyday expenses like:
- Mortgage or rent payments
- Car payments
- Education expenses
- Food, clothing, and other necessities
- Medical co-payments
- Medical costs not covered under the health plan
What if an injury or illness affected your employee’s ability to work? Without an income, they would exhaust their savings and struggle to make ends meet. Knowing this, employees appreciate having the financial safety net that group disability income protection provides.
Group Short-Term Disability
If an employee is temporarily disabled and cannot work for a short period of time, this benefit is used to replace a portion of the employee’s income. STD generally replaces 60% to 70% of an employee’s weekly earnings up to a pre-determined maximum benefit per week for either 13 or 26 weeks. Employers generally pay for this coverage, and the benefit received is taxable income to the employee. STD claimants receive weekly benefit checks.
Group Long-Term Disability (LTD)
LTD provides protection for more serious injuries or sickness that extend for a longer period of time. LTD benefits generally begin after STD benefits end or can be written as stand-alone coverage. After an elimination period, benefits can be paid for a certain number of years up to Social Security full retirement age. LTD generally replaces 60% of an employee’s monthly income up to a defined maximum benefit. Employers typically pay for this coverage, and the benefits received are taxable income to the employee. LTD claimants receive monthly benefit checks. However, IRS Revenue Ruling 2004-55 would allow employees to receive a non-taxable benefit, if implemented.
Offering group disability income protection enhances your employee benefit package. Contact our office to learn more about group disability income protection coverages and features. Don’t forget to ask us about IRS Revenue Ruling 2004-55!
Employer-Sponsored Retirement Plans
For small businesses with 1–50 employees, you have a lot of options regarding which type of plan you should sponsor. When establishing a retirement plan for your company, make sure you consult with an advisor that has a working knowledge of all these different plans and can clearly articulate the difference to you. This will assist you in establishing the right plan for your company.
Employer-sponsored retirement plans are one of the most valuable tools for business owners attempting to:
- Reduce their current tax liability
- Attract and retain employees
- Accumulate wealth their own and their employees’ retirement
But with all the different types of plans to choose from, which one is right for your business? Most business owners are familiar with how 401(k) plans work, but that might not be the right fit given the variables such as:
- Number of employees—both full-time and part-time
- Cash flow of the business
- Personal goals of the business owner
There are four types of employer-sponsored retirement plans that business owners have to choose from:
- SEP IRA
- Single (k) Plan or Solo (k)
- Simple IRA
- 401(k) Plan
Of these employer-sponsored retirement plans that are available, the reasons that a company will generally choose a 401(k) plan are:
- Owners want access to a higher pre-tax limit.
- The company wants to limit the plan to only full-time employees.
- The company wants flexibility with regard to employer contribution.
- The company wants a vesting schedule tied to the employer contribution.
- The company wants to expand the investment menu to more than a single fund family.
An employer-sponsored retirement plan is a very complex topic and is not a one-size-fits-all decision. Doing research on employer-sponsored retirement plans should involve a trusted, knowledgeable advisor. We can simplify the decision-making process and can help you compare options. Contact our office to learn more.
There’s no such thing as a conventional industry—that's why we offer specialized coverage. From breweries to construction to landscaping, find out how Schuetz can exceed your insurance needs.
Since 1943, Schuetz Insurance has bonded and insured contractors throughout the Midwest. If your firm appears as a bidder on a public works project that requires bonding, you can be sure that Schuetz has the experience and wherewithal you need to bond you as a contractor.
Since 1943, Schuetz Insurance has bonded and insured contractors in Indiana and throughout the Midwest. As an active member in both the Indianapolis Landscape Association and the Indiana Nursery & Landscape Association, we have a keen understanding of the green industry and an even keener understanding of how to insure it.
As a member of the Indiana Manufacturers Association, we understand the unique challenges in this evolving and interconnected economy. Schuetz provides customized coverages needed to protect against the risk involved with making products. Our team, along with our insurance carriers, can design risk management plans to meet your manufacturing safety goals.
Brewery, Distillery & Winery
If you’re in the alcoholic beverage manufacturing and distribution industry, Schuetz has the perfect cocktail for your insurance needs. The ingredients? Our people, the right mix of carriers, and the perfect amount of coverage to help make sure your business stays focused on your craft.
You might not have our number saved on your phone. Yet. Until then, please drop us a line in our contact form; knowing what is important to you is important to us!
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