Another Insurance Question

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Linda Landauer
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Joined: Thu Mar 13, 2003 1:47 am
Location: Grand Junction, CO
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Another Insurance Question

Post by Linda Landauer »

It sounds like there are a few of you that are still able to get business insurance. Is there anyone doing commissioned work that can give me the insurance carrier that they are using? I am in Colorado, and have been trying to get my business re-insured for the past year. I have run into one dead-end after another. I am being told that I am not a risk, but my category is. Any and all leads would be greatly appreciated. I can't find an agent that will tell me anything other than "No coverage available for small contractors" I really do not like being this vulnerable.

Truely desperate :!:
Linda
Kitty
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Joined: Sun Mar 09, 2003 4:12 pm
Location: Gig Harbor, WA

Insurance problem

Post by Kitty »

the state of colorado very likely has an office for an Insurance Commissioner, or some such branch of state government. find out about it, and ask them what colorado's law says about denial of insurance. they might also be able to name some companies that underwrite businesses like yours. another lead would be to talk to the Small Business Admin. and the Better Business Bureau. Possibly you can get hooked up with a small business lobbying group, which may provide excellent leads. I belong to one in Hawaii for $175 a year, and through this membership i am able to purchase premium quality health insurance, not an HMO, for a price i can live with. good luck with this project. kitty.
Bert Weiss
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Re: Another Insurance Question

Post by Bert Weiss »

Linda Landauer wrote:It sounds like there are a few of you that are still able to get business insurance. Is there anyone doing commissioned work that can give me the insurance carrier that they are using? I am in Colorado, and have been trying to get my business re-insured for the past year. I have run into one dead-end after another. I am being told that I am not a risk, but my category is. Any and all leads would be greatly appreciated. I can't find an agent that will tell me anything other than "No coverage available for small contractors" I really do not like being this vulnerable.

Truely desperate :!:
Linda
Linda

Ask your insurance agent for "Manufacturers and Contractors Liability Insurance" The basic policy is for $2,000,000. Mine covers me to and from, as well as at, jobsites and trade shows. If the truck carrying my trade show booth rolls over, the work inside is insured. If I ruin somebodie's home while making an installation, I am covered etc.
Bert

Bert Weiss Art Glass*
http://www.customartglass.com
Furniture Lighting Sculpture Tableware
Architectural Commissions
Carol
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Post by Carol »

bert...does your policy cover your work while in the hands of commercial carriers?
Tom Fuhrman
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Post by Tom Fuhrman »

I am classified as a glass manufacturer. I have my coverage with Grange Mutual Insurance, and have a local agent that takes good care of me. The price is high by my standards, but at least I'm covered. My policy does not cover my stuff if it is consigned freight on a common carrier. I have a $2,000,000 liability limit, covers my building, inventory, trade shows, etc. contact me if I can help. Tenn. Tom
Bert Weiss
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Post by Bert Weiss »

Carol wrote:bert...does your policy cover your work while in the hands of commercial carriers?
I don't think so.
Bert

Bert Weiss Art Glass*
http://www.customartglass.com
Furniture Lighting Sculpture Tableware
Architectural Commissions
Carol
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Post by Carol »

Mine doesn't either, but I was hoping that it might...that would have solved Cynthia's dilemma.

Carol
Dani
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Post by Dani »

Linda, you might want to try American Family Insurance in Colorado. We had business liability coverage with them for years before switching to USAA. They were very affordable and an agent can advise you of a classification that is appropriate. For example, we were classified as artists and art gallery. Glass manufacturer was much higher risk and really not appropriate to our business. Be sure that your definition of what you do agrees with their definition ... the words may be the same, the understanding worlds apart.... not to mention the costs.

Good luck,

Dani
Linda Landauer
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Joined: Thu Mar 13, 2003 1:47 am
Location: Grand Junction, CO
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Post by Linda Landauer »

Thank you everyone!! I'm on it.

Linda
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