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Search: Posts Made By: Astrix
Forum: General Discussion 09-29-2015, 06:56 AM
Replies: 14
Views: 1,831
Posted By Astrix
Your insurance agent/broker should have asked...

Your insurance agent/broker should have asked what kind of jobs you do at the time you set up your account with them and then reminded you to tell them at your annual review to advise of any changes...
Forum: Business 04-23-2015, 07:27 PM
Replies: 15
Views: 1,925
Posted By Astrix
I'm not a WSIB expert as Workers Comp is...

I'm not a WSIB expert as Workers Comp is government-run in Ontario and not administered in the private insurance industry which is where I work. From my limited knowledge, however, I don't think...
Forum: General Discussion 04-01-2015, 11:37 PM
Replies: 31
Views: 3,163
Posted By Astrix
Tool Floaters, Contractor's Equipment Floater and...

Tool Floaters, Contractor's Equipment Floater and Miscellaneous Property Floaters are pretty much set up the same. In the scenario described, this is the policy exclusion that would apply, so the...
Forum: Business 12-01-2014, 08:06 AM
Replies: 18
Views: 2,658
Posted By Astrix
Unfortunately, it sounds like the broker you were...

Unfortunately, it sounds like the broker you were talking with isn't very experienced so doesn't have the confidence to answer your questions with certainty. She likely was coached to not give any...
Forum: Business 10-07-2014, 02:12 AM
Replies: 70
Views: 9,806
Posted By Astrix
Just thought I would mention that if your...

Just thought I would mention that if your insurance policy is a broader Contractors Package Policy as opposed to just Commercial General Liability; or Tools & Liability; one of the extra "frills" or...
Forum: General Discussion 09-24-2014, 01:48 AM
Replies: 5
Views: 1,645
Posted By Astrix
A broker should be able to help you decide on...

A broker should be able to help you decide on better/best coverage, however, here are a few terms that you should look for re Commercial General Liability insurance:

Per Occurrence vs. Per Claim: ...
Forum: Business 07-13-2014, 04:07 AM
Replies: 7
Views: 2,021
Posted By Astrix
The general principle in liability law is: have...

The general principle in liability law is: have you done what a reasonable person would or would not have done in the same situation? That said, as a professional who is being paid for your...
Forum: Business 05-31-2014, 12:47 AM
Replies: 48
Views: 10,544
Posted By Astrix
Sorry to hear of your troubles cwatbay. A...

Sorry to hear of your troubles cwatbay.

A few points on the insurance side:

You are supposed to report the liability claim as soon as practicable. If you delay reporting the claim because...
Forum: Business 04-30-2014, 10:37 PM
Replies: 1
Views: 1,166
Posted By Astrix
I can't speak for New York insurance rates, but...

I can't speak for New York insurance rates, but without knowing what your business operations are and your annual revenues, it isn't possible to compare or comment on the CGL premium you are being...
Forum: Business 04-22-2014, 11:07 PM
Replies: 47
Views: 4,797
Posted By Astrix
United States IRS uses a 20-point evalution to...

United States IRS uses a 20-point evalution to determine if worker is an employee or sub. You don't need to score 20 out of 20; it goes based on which side of the scales carries the most weight...
Forum: Lead RRP Discussion 10-21-2013, 10:36 PM
Replies: 22
Views: 3,157
Posted By Astrix
Im always frustrated when I hear/read these...

Im always frustrated when I hear/read these types of comments, because I feel like I have to defend my reputation. I imagine that is how reputable contractors feel when hacks do a lousy job and...
Forum: Business 10-13-2013, 10:55 AM
Replies: 37
Views: 5,949
Posted By Astrix
As svronthmve mentioned, if you have rules re...

As svronthmve mentioned, if you have rules re company vehicles in place and your employees are blatantly ignoring them, then you have a bigger problem. If this is their attitude re the company...
Forum: Business 10-12-2013, 07:29 PM
Replies: 37
Views: 5,949
Posted By Astrix
This is a tough question to answer without...

This is a tough question to answer without writing a whole book on the subject. Auto insurance is enacted as a separate law by each American state or Canadian province. While standardized and...
Forum: Business 10-12-2013, 07:19 AM
Replies: 37
Views: 5,949
Posted By Astrix
In the event of an accident with your company...

In the event of an accident with your company vehicle, it is your insurance that will pay, so if the employee's teenage son "borrows" your truck while parked in your employee's driveway, and has a...
Forum: Business 10-10-2013, 06:49 PM
Replies: 15
Views: 2,624
Posted By Astrix
In your current situation, the...

In your current situation, the engineer/architect/designer you contract with will be carrying E&O (Errors & Omissions) Liability insurance, also known as Professional Liability insurance to cover any...
Forum: Insulation 10-09-2013, 04:07 PM
Replies: 4
Views: 1,763
Posted By Astrix
A good insurance broker who is experienced in the...

A good insurance broker who is experienced in the construction sector can find you a policy that will cover operations such as EIFS, bridgework, historical buildings, lead and even asbestos.

All...
Forum: Vehicles 10-09-2013, 03:31 PM
Replies: 9
Views: 1,890
Posted By Astrix
The other issue that was brought up: 2....

The other issue that was brought up:

2. Trailer coverage -
The registered owner of the vehicle is the one who should insure it; it doesn't matter who drives it. The same goes with trailers; if...
Forum: Vehicles 10-09-2013, 03:12 PM
Replies: 9
Views: 1,890
Posted By Astrix
I know this one is a couple of months old but I...

I know this one is a couple of months old but I thought some here might still be interested in the answer to the question(s). Actually, there are two issues here:

1. Tool coverage -
Tools owned...
Forum: General Discussion 10-08-2013, 07:33 PM
Replies: 19
Views: 3,242
Posted By Astrix
I know it is too late now as the inspection is...

I know it is too late now as the inspection is done, but I thought I would add this:

Homeowner insurance policies differ from insurer to insurer, so you would actually have to read your insurance...
Forum: Business 10-08-2013, 06:38 PM
Replies: 1
Views: 1,291
Posted By Astrix
I see no one has answered this question yet, so I...

I see no one has answered this question yet, so I will try.

If you enter into a partnership agreement with this other guy, then the entire business is subject to the partnership; both your...
Forum: General Discussion 10-08-2013, 05:04 PM
Replies: 18
Views: 5,492
Posted By Astrix
Next, Section 2 - Completed Operations coverage. ...

Next, Section 2 - Completed Operations coverage.

If you built a roof and left the job site, and 6 months later the roof leaked and the main floor of the house was water-damaged, this is the...
Forum: General Discussion 10-08-2013, 04:56 PM
Replies: 18
Views: 5,492
Posted By Astrix
Hi Guys! Sorry it's been so long since I've...

Hi Guys! Sorry it's been so long since I've visited CT, but I've got some free time so thought I would check in. This thread is, of course, interesting to me. Lots of different comments have been...
Forum: Business 05-22-2013, 09:38 PM
Replies: 17
Views: 2,574
Posted By Astrix
I just want to mention that if you do rent or...

I just want to mention that if you do rent or lend out equipment to trusted friends who operate their own contracting businesses, then you have to make sure your Equipment Insurance has an extra...
Forum: Business 03-29-2013, 11:08 PM
Replies: 18
Views: 2,161
Posted By Astrix
CGL (Commercial General Liability) insurance is...

CGL (Commercial General Liability) insurance is protection if you do something wrong. You are physically building something and cause property damage or bodily injury.

E&O (Errors & Omissions)...
Forum: Business 03-14-2013, 12:41 AM
Replies: 12
Views: 1,599
Posted By Astrix
This is not really standard practice, but the...

This is not really standard practice, but the agent is being very thorough. (It's possible that he had a previous problem re a claim involving a rented office/workshop, so has changed his documenting...
Showing results 1 to 25 of 236

 
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