15th July 2008
When it comes to getting renewal quotes, it is no secrete claims really cost contractors money. You will end up paying for a loss with increased premiums - sometimes more than the claim itself.
Tune in to your claims to make sure they don't get out of co...
14th July 2008
Most contractors don't know how powerful it is to publish their own insurance bid specifications every year. When you can do this, you can interrogate the market at will, and save a lot of money. This applies to Liability, Auto, Property, and Workers Co...
14th July 2008
The burden insurance costs place on your bottom line demands you pay attention to them. Pricing can be surprisingly volatile. Defend yourself against paying too much by shopping every year. This helps guard against shocking price hikes also. You may not ...
11th July 2008
Have you ever had a commercial insurance broker show up on the last day of your insurance policy with renewal quotes? In the construction business, this happens all the time. It creates stress, cash flow uncertainty, hasty decisions, coverage problems, ...
01st July 2008
WHAT DO CONTRACTORS NEED TO KNOW ABOUT PREMIUM AUDITS? Most contractors find they are subject to premium audits from insurance companies for general liability, workers compensation, and sometimes for automobile, and even builders risk insurance policies. ...
30th June 2008
Take control of your loss runs, and watch your business insurance premiums magically go down. Read this brief article to learn the importance of loss runs, and how to prepare for negotiating renewal quotes with your brokers.
What are loss runs? A lo...
26th June 2008
To be more successful as a contractor, compare notes with your competitors. Highly successful contractors belong to associations, and communicate openly with their peers. Skip expensive learning curves. Hook up with others running operations similar to...
26th June 2008
You can save a lot of money on business insurance if you insist on brokers forwarding quotations in advance of sales interviews. I've been helping buyers negotiate with insurance brokers for years, and I can report this one action is very powerful for ne...
