Insurance holding company Bancinsurance Corporation underwrites niche insurance products through its subsidiary Ohio Indemnity Company. Operating throughout the US, it provides coverage to protect auto dealers, banks, and other lenders by insuring collateralized personal property against damage and theft. It also bonds employers that elect not to pay unemployment taxes and provides waste management coverage. Policies are sold directly to lenders through subsidiary Ultimate Services Agency; Bancinsurance also sells insurance through independent agents. CEO John Sokol (son of founder Si Sokol) and his family own a controlling stake in the firm.