What Is Ullico and What Does It Offer?

Updated

Ullico is a labor-owned insurance and investment company that serves unions, their leaders and members, and multiemployer and public employee benefit funds. According to its website, it has operated for over 95 years and describes itself as the only union-owned insurance and investment company in the U.S. Its stated purpose is to provide financial security for American workers. If you are a union, a union-affiliated benefit plan, or a union leader looking for coverage or investment services built around labor organizations, Ullico is a relevant place to start.

Who Ullico Serves

Ullico's offerings are organized around three main customer groups:

  • Unions and union leaders — insurance protection designed with labor organizations in mind, including coverage for leaders facing allegations of dishonesty or wrongdoing.
  • Multiemployer and public benefit funds — insurance and cost-containment strategies for health and welfare funds.
  • Union-sponsored and public employee benefit plans — investment products and services aimed at these plans specifically.

The common thread is that Ullico does not present itself as a general-purpose insurer or asset manager. Its products are framed around the needs of labor organizations and the people they represent.

Core Business Areas

Insurance

Ullico offers insurance coverages intended to protect unions, their leaders and members, and multiemployer and public benefit funds. Topic areas listed on its site include:

  • Commercial liability
  • Construction risk
  • Cyber liability
  • Medical stop loss
  • Professional liability

The site also highlights specific coverage for union leaders accused of dishonesty or wrongdoing, and materials on preventing and insuring data breaches.

Investments

Ullico offers investment products and services designed for union-sponsored and public employee benefit plans. The stated goal is to seek appropriate risk-adjusted returns while promoting union job creation. Investment categories referenced on the site include:

  • Commercial real estate
  • Fixed-income
  • Infrastructure
  • Real estate equity investments

The emphasis on union job creation is a distinguishing feature: investment decisions are presented as aligned with labor interests, not just financial returns.

Claims Center

Ullico maintains a claims center staffed by professionals who answer questions and adjudicate claims. This matters if you are choosing coverage — claims handling is where an insurer's service quality becomes concrete.

How to Decide Whether Ullico Fits Your Situation

Ullico is likely worth contacting if:

  • You represent a union, a multiemployer fund, or a public employee benefit plan.
  • You want insurance or investment products that are explicitly designed around labor organizations rather than adapted from general commercial offerings.
  • You are a union leader seeking liability protection tied to your role.

It may be less relevant if you are an individual consumer looking for personal lines such as auto or homeowners insurance, or a plan sponsor seeking products with no labor affiliation. The site does not publish pricing, so cost and eligibility need to be confirmed directly.

Practical Next Steps

  1. Identify your category — union, benefit fund, or individual leader — since products are organized by customer type.
  2. Review the relevant product area — insurance topics or investment categories — on the site to see whether your need is covered.
  3. Use the claims center if you already have a policy and need to file or track a claim.
  4. Contact Ullico directly through its "Get in Touch" channel to confirm eligibility, terms, and pricing, which are not listed on the site.

One caveat: the site also notes a headquarters relocation to Bethesda, Maryland, beginning August 3, 2026, so confirm current contact and mailing details before sending time-sensitive documents.