Wow, construction sites are still getting robbed at a alarming pace. We run theft coverage by our client’s, but rarely do we sell this insurance. I can even narrow down when a theft will take place. The job site will be robbed late in the week, after hours and usually when the job is almost complete. Close to completion jobs mean two things to thieves. 1) you have your most expensive equipment set up and 2) the neighbors think the...
Please see the list of items a rental car company can charge you for damage to the rental car. Some of these expenses may not be covered by your insurance. This is why I always take the rental car companies insurance. Damages to the car: (covered by your insurance) Appraisal fee: (covered by your insurance) Towing and Storage: (limited coverage) Administration Fee: (undefined) Loss of Use: (if you have it) Diminished Value: (undefined and can be substantial)
New law applies to: Any contractor renovating buildings built before 1978. Homes Schools Offices Government Work must be performed by a certified contractor. What Is A Pollutant – And Who Pollutes??? Technical definitions aside, from a practical standpoint, almost anything that has to be cleaned up – whether it is from a building, land, air or water – may be a pollutant. • Clean dirt that is washed off of a jobsite and into a salmon stream may be a...
Unfortunately the number of lawsuits against non-profit workers, board members and volunteers are on the increase. Before you volunteer or join a non-profit board please confirm liability insurance protection has been purchased and directors and officers coverage is in place.
As of October 1, 2001 all California Contractors are legally required to disclose to homeowners, in writing, whether or not they carry General Liability Insurance. If the contractor does carry General Liability Coverage he is then required to provide the name and phone number of his insurance company to the homeowner. Any time you, the contractor, do a job for someone there is a chance that you could be sued, whether you are legally liable or not. A General Liability...
As of October 1, 2001 all California Contractors are legally required to disclose to homeowners, in writing, whether or not they carry General Liability Insurance. If the contractor does carry General Liability Coverage he is then required to provide the name and phone number of his insurance company to the homeowner. Any time you, the contractor, do a job for someone there is a chance that you could be sued, whether you are legally liable or not. A General Liability...
Be Alarmed! There are a couple of items regarding your contractor’s liability insurance policy that you absolutely must be aware of. Policies sold to contractors in California have broad differences and can have an extreme impact on your coverage. If you are shopping for the best price, you are really leaving yourself open to huge exposure. There are a couple of popular carriers in California that many successful contractors currently have. Be warned – these are terrible policies!! First off,...
I would like to offer and our clients and blog readers the best this holiday season. The past year has been difficult for many in our insurance community and we all hope the recovery of our economy happens sooner than later for all our sake. A couple things to be aware of always, but especially this time of year are car breakins, credit theft and holiday lights or candles. A few year ago someone took a store credit card out...
Did you know that water is the number one loss paid on a home policy in terms of frequency and dollars? The amazing thing about this is water losses have been restricted to sudden and accidental loss only. As and example, the pipe that suddenly breaks under the sink or the ice maker hose that bursts. Water that backs up on a roof deck, water that hits the ground first and runs into the home, surface water (floods), that drip...
Hey, I know these are tough times and insurance costs associated with being a contractor are a burden. What never ceases to amaze me is the number and variety claims we see in a year’s time. I thought I’d share some of these losses with you. I want you to see that regardless of the quality of your work and the fact that you’ve never had a claim, you should never skimp on insurance! The Indemnification Claim: In this situation,...
