For Contractors Liability Insurance & Workers Compensation in California call us at 1-800-421-6934 | ||||||||||||||||||||
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 |  HOW TO SAVE ON YOUR INSURANCE? Start by shopping for a good agent instead of shopping for a policy. This will be a totally different experience for you than shopping for a new cordless drill. An agent you can trust and that also understands your business is invaluable to you. Here's why: that person will save you countless hours finding the right policy at the right price. Remember, your agent doesn't set the price, that's decided by the underwriter according to the information you provide. When you request online quotes or call a number of different agents, you will receive a confusing array of prices and companies. Some carriers may not properly insure you. Some agents will offer you the cheapest policy just to get your business. As a professional, your time is valuable - spend it doing what you do best and let your agent do what they do best. So, how do you find a good, reliable, honest agent? Simple: • How does this person sound when you first contact them? • Do you feel comfortable with them? • Are they willing to spend enough time with you to answer your questions? • Are they asking you the right questions? • Are they communicating clearly with you? • Do they understand your business? • Check the agent's license status at www.insurance.ca.org for disciplinary actions and complaints. • Talk to other clients. • Don't be afraid to ask tough questions. After all, it's your time and it's your hard-earned money we're talking about. HAS COMMERCIAL GENERAL LIABILITY BECOME MORE EXPENSIVE? Although the cost has escalated over the past few years, it appears to be stabilizing and in some cases, decreasing. Contractors working in new residential sectors may find the highest premiums. Litigation and claims are the driving force behind high costs. Even if you have a perfect past history without claims, it may still be difficult to obtain Commerical General Liability if you have a lapse in coverage or become involved in multi-unit construction. So what can be done? • Be aware that new residential construction will be more expensive to insure. • Any operations involving roofing will be very costly (unless subcontracted). • Construction on slopes and hillsides is difficult to insure. • Spec homes, owner-builder homes, and project management will cost more. • A policy lapse can cost you and may make you uninsurable. Why is it sometimes difficult to get an Additional Insured Endorsement? In many cases, the form you need may not be offered by your insurance company and if it is, it can be quite expensive. Some endorsements for public works projects, schools, and other commercial projects are offered to contractors working ONLY in the commercial sector. If some of your jobs are residential, you may not be able to obtain one of these endorsements. ALWAYS consult with your insurance agent BEFORE BIDDING on one of these projects. Like any business, passing your increased insurance cost along is the only way to stay profitable. An educated client will generally understand your commitment to stay properly insured. We at Orr & Associates can help you sort through the insurance maze and keep you profitable. Call us at 800-421-6934 for friendly help and advice. | ||||||||||||||||||
So, how do you find a good, reliable, honest agent? Simple: • How does this person sound when you first contact them? • Do you feel comfortable with them? • Are they willing to spend enough time with you to answer your questions? • Are they asking you the right questions? • Are they communicating clearly with you? • Do they understand your business? More ->> Click Here to Save Money on your Insurance ->> | ||||||||||||||||||||
21032 Devonshire St., Suite 209 , Chatsworth, CA 91311 | Toll Free: 1-800-421-6934 | Fax: 1-800-982-8955 | CA License #OCO4128 | E-Mail to: info@bayorr.com | ||||||||||||||||||||
