Liability Insurance. Company's To Use? Company's Not To Use?

 
Thread Tools Search this Thread Display Modes
Old 12-05-2017, 05:44 PM   #1
Pro
 
cedarboarder's Avatar
 
Trade: Workaholic
Join Date: Mar 2015
Location: BC Bring Cash
Posts: 1,262
Rewards Points: 1,202

Liability Insurance. Company's To Use? Company's Not To Use?


Can some of you folks share some bad and good experiences with liability insurance companies? I've never had to make a claim knock on wood.
Have you found one that doesn't screw you over when you need it?


cedarboarder is offline  

Warning: The topics covered on this site include activities in which there exists the potential for serious injury or death. ContractorTalk.com DOES NOT guarantee the accuracy or completeness of any information contained on this site. Always use proper safety precaution and reference reliable outside sources before attempting any construction or remodeling task!

   

Advertisement

 

Old 12-05-2017, 07:42 PM   #2
Pro
 
VinylHanger's Avatar
 
Trade: I'll do that for 500 bucks.
Join Date: Jul 2011
Location: Oregon
Posts: 8,483
Rewards Points: 7,552

Re: Liability Insurance. Company's To Use? Company's Not To Use?


Not using it is the best way to not get screwed over.

Honestly though, I couldn't name my actual carrier if you offered me 50 bucks. I go through a broker and it seems the companies change names or subsidiaries every year.

Sent from my SM-G930V using Tapatalk

Advertisement

__________________
Your emergency does not constitute a problem with my Constitution.
VinylHanger is online now  
The Following User Says Thank You to VinylHanger For This Useful Post:
cedarboarder (12-06-2017)
Old 12-06-2017, 09:31 AM   #3
Pro
 
daffysplumbing's Avatar
 
Trade: plumber
Join Date: Oct 2017
Posts: 144
Rewards Points: 598

Re: Liability Insurance. Company's To Use? Company's Not To Use?


Quote:
Originally Posted by VinylHanger View Post
Not using it is the best way to not get screwed over.

Honestly though, I couldn't name my actual carrier if you offered me 50 bucks. I go through a broker and it seems the companies change names or subsidiaries every year.

Sent from my SM-G930V using Tapatalk
That is the truth. It seems like I have a new carrier every year and can't remember the name if someone asks.

I had only 1 claim in the past 50 years when I cut into a large telephone cable with a backhoe. The cost to replace the 1,000 foot cable was $23,000 and my liability insurance company paid the claim and asked no questions. The day I cut into the cable was the first day I ever operated a backhoe, the location was marked and I paid no attention to the markings.
daffysplumbing is offline  
The Following User Says Thank You to daffysplumbing For This Useful Post:
cedarboarder (12-06-2017)
   
 
Old 12-07-2017, 05:22 PM   #4
Workin' Hard for the $
 
Scoma's Avatar
 
Trade: Home Repair/Remodeling/Renovation
Join Date: Mar 2011
Location: Raleigh, NC
Posts: 38
Rewards Points: 35

Re: Liability Insurance. Company's To Use? Company's Not To Use?


I got mine through an independent broker, and was able to save about 20% by going through the company that has a partnership with our Home Builders Association. This is even after paying the membership fee for the HBA.
Scoma is offline  
Old 12-08-2017, 02:02 PM   #5
New Guy
 
estatehomes's Avatar
 
Trade: remodeling
Join Date: Jun 2016
Location: Seattle, Washington
Posts: 16
Rewards Points: 44

Re: Liability Insurance. Company's To Use? Company's Not To Use?


If you consider the fact that all insurance companies have customers and they are customers because they are happy (at least most of them) then asking a general question about who do you like of a random group of people is a pretty useless activity. If I were you I would find a different method to select a partner. For my remodeling business I investigated claim rate, pay out rate, satisfaction rating statistics etc to choose.

Ken
Estate Homes
estatehomes is offline  
Old 12-08-2017, 04:25 PM   #6
Pro
 
cwatbay's Avatar
 
Trade: Electrical Contractor
Join Date: Mar 2010
Location: San Carlos, California
Posts: 1,227
Rewards Points: 2,004

Re: Liability Insurance. Company's To Use? Company's Not To Use?


I will just tell you that my insurance agent and company get things done quickly and the way I need them. They might be a little more than others, but the customer service and "looking out for my butt" is worth it.

Don't always consider the cheapest to be the best.
cwatbay is online now  
Old 12-08-2017, 06:25 PM   #7
Pro
 
cedarboarder's Avatar
 
Trade: Workaholic
Join Date: Mar 2015
Location: BC Bring Cash
Posts: 1,262
Rewards Points: 1,202

Re: Liability Insurance. Company's To Use? Company's Not To Use?


Quote:
Originally Posted by cwatbay View Post
I will just tell you that my insurance agent and company get things done quickly and the way I need them. They might be a little more than others, but the customer service and "looking out for my butt" is worth it.

Don't always consider the cheapest to be the best.
Ya it has been a week and some companies are still "working on it"


One stuck out for tool insurance and was recommended by my agent. This company was also quick on changes to the quote to cover structural. The company that's awake will get my business ...
cedarboarder is offline  
The Following User Says Thank You to cedarboarder For This Useful Post:
cwatbay (12-08-2017)
Old 12-08-2017, 06:28 PM   #8
Pro
 
brickhook's Avatar
 
Trade: masonry
Join Date: May 2012
Location: Claudville Va
Posts: 3,591
Rewards Points: 7,566

Re: Liability Insurance. Company's To Use? Company's Not To Use?


My GL is the cheapest insurance I have, and gives me the best coverage of everything. I have mine through Auto Owners

Advertisement

brickhook is offline  


Thread Tools Search this Thread
Search this Thread:

Advanced Search
Display Modes Rate This Thread
Rate This Thread:

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off


Similar Threads
Thread Thread Starter Forum Replies Last Post
Liability Insurance MEL Roofing 6 06-23-2011 06:33 PM
Liability Insurance CA Oaklanddb General Discussion 5 05-15-2011 09:53 PM
Liability Insurance & Workmans Comp asjacas Business 5 04-05-2010 05:13 AM
Best/Cheap Liability Insurance in Dallas, Texas? DNACON Business 8 03-18-2009 05:36 PM

Join Now... It's Fast and FREE!

I am a professional contractor
I am a DIY Homeowner
Drywall Talk is for
PROFESSIONAL CONTRACTORS ONLY!

At DrywallTalk.com we cater exlusivly to professional contractors who make their living as a contractor. Knowing that many homeowners and DIYers are looking for a community to call home, we've created www.DIYChatroom.com DIY Chatroom is full of helpful advices and perfect for DIY homeowners.

Redirecing in 10 seconds
No Thanks
terms of service

Already Have an Account?