Hello, I am having trouble getting Liab. Insurace coverage. They've been
saying no because I do Foundation repairs and retrofits. Does anyone
have any suggestions? Is there a way I could get insured as a basic
contractor and get special riders to do what they think of as high risk
jobs as they come along. Any suggestions would be appreciated. Thankyou.
Uh, either you are asking for the wrong insurance, or they are saying
no for some other reason... Were that the case, no contractor doing
siimilar work would have insurance--and we knwo that's not true.
I realize that asking competition for help is a difficult thing, but
find someone else in the state (away from your primary service area,
perhaps?) and ask them what they have for insurance...
Also look for an insurance agent who specializes in commercial
insurance, as it appears your agent is not adept with anthing other
than homeowners/auto insurance.
Don't try to work around the reluctance, as you may find that when you
need the insurance they will refuse to pay--claiming that you mislead
them as to what insurance/work was being done.
But... Often times it is chaeaper to get more general coverage, and
then get special riders/policies on a job by job basis. I know several
who do that here, as they do the work that requires special coverage
only once or twice a year--saving a bit that way (yea, they bill it
into the contract...) but all feel that if they had more than a few of
these jobs a year, that they'd be better off with full time coverage.
Find a new insurance agent who specializes in commercial coverages.
There must be a Builders' and/or Contractors' Association in WA -- if
you're not a member, consider joining or at least contacting them. Such
issues are part of why there are such.
The State insurance Commissioner's (or whatever the position is there)
office is a good resource for finding out who are licensed carriers and
what is required of them by law to provide.
The State equivalent of the SBA is a resource as well.
For specifics, look for somebody who underwrites for Zurich as one
possibility. As the other respondent noted, you need to be dealing w/
an agency/rep who makes commercial their business, not a sideline.
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