United Business Insurance Company (UBIC) was initially formed in 1993 as a Self Insurance Fund. The Fund operated successfully for three years until the extremely competitive market forced the Fund into dormancy. As the market again hardened, the Board of Directors made the decision to reactive the fund and convert it to a mutual captive insurance company. United Business Insurance Company received its certificate of authority from the Commissioner of Insurance in June of 2002. The goal of the Board of Directors is to provide reliable, cost-effective workers’ compensation coverage to small and midsize Georgia businesses. The Board’s philosophy of careful, conservative management has resulted in a company with the financial stability to ensure that workers’ compensation needs of the members are taken care of today and tomorrow. UBIC continues to target the hospitality industry which includes hotels, restaurants and country clubs, specialty trade contractors, retail, wholesale, auto service, light manufacturing and other niche markets . The company partners with New York Marine and General Insurance Company for its reinsurance needs. Both Specific and Aggregate coverage is provided by this A.M. Best A (Excellent) rated company. This protection against both catastrophic and aggregate losses provides financial security. The company is an admitted carrier participating in the Georgia Insurers Insolvency Pool. In September of 2005, the company moved all insurance service functions in-house, further enhancing the workers’ compensation capabilities available to their insureds and agents. United Business is committed to offering the highest quality services with the personal attention from people with a proven reputation in the industry. These functions include underwriting, claims, loss control, and policy services, billing and audits.