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Business Services

Business Insurance

For more than 70 years we have helped businesses protect their assets and income streams. We have also created benefit plans designed to attract and retain the best employees. Our relationships with many of the best insurance providers allow us to create a program that balances excellent coverage and cost.

 

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Two men in construction gear surveying worksite.
Two men in construction gear surveying worksite.

Commercial Insurance

We are committed to understanding your specific business needs to create a risk management program that blends insurance and other tactics to reduce your cost of risk. We’ll work together to protect your people, property, and operations properly, using a range of programs from fully insured to alternate risk financing options, depending on your appetite for risk retention.

Employee Benefits:

Your people are your best assets. We know because our colleagues are our best assets too. That is why we offer a variety of products and services to help with employee benefits:

  • Group Medical
  • Group Life
  • Group Vision
  • Group Dental
  • Group Disability
  • Group Long-Term Care
  • Voluntary Employee Benefits
  • Stop Loss Coverage
  • Self-Insurance Plans
  • COBRA Administration
  • Healthcare Reimbursement Arrangements (HRA)
  • Healthcare Savings Accounts (HSA)
  • Section 125/Cafeteria Plans

Risk Management and Loss Control:

Risk is certainly a part of life and owning a business, but we’ll help you manage risk, protect your assets, and limit financial problems. Yes, insurance is one of those solutions. But our approach to Risk Management includes much more. Other elements are the contracts and agreements you sign, and your policies and programs relating to employee safety and OSHA compliance:

Helping to identify your exposures to loss so you can make intelligent, informed risk management decisions

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Establishing a formal written safety program, including the creation of safety policies and manuals

Reviewing your programs and policies to make sure they’re meeting OSHA requirements and safety and health standards

Assisting in assessing your safety management needs, identifying active and potential hazards

Enabling your managers to increase their loss-control abilities, evaluating injury trends, establishing protective policies, strengthening claim-handling procedures

Reviewing current employee protection practices and, if needed, suggestions for improvements in ergonomics, personal protective equipment, and machine guarding

Providing comprehensive services to support illness prevention and claims activities

Assisting with everything from workers' compensation to general liability, safety compliance, OSHA compliance, and much more.

Insurance products and annuities are not insured by the FDIC or by any other government agency, are not deposits or obligations of, or guaranteed by 1st Source Bank, and may involve investment risk, including loss of value.

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  • In the News 1st Source Insurance Wins the Northwest Indiana Business Magazine 2024 Best of Business Award
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  • 071212128
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