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Search: Posts Made By: Astrix
Forum: General Discussion 09-29-2015, 06:56 AM
Replies: 14
Views: 1,830
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 09-29-2015, 06:02 AM
Replies: 11
Views: 2,363
Posted By Astrix
I see that you wrote you were looking for "a real...

I see that you wrote you were looking for "a real publication" and not a website. My suggestion, however, would be to locate your local Small Business Development Centre (SBDC) website to get...
Forum: Business 04-23-2015, 07:27 PM
Replies: 15
Views: 1,924
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: 3,160
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, 09:37 PM
Replies: 18
Views: 2,655
Posted By Astrix
Sorry to hear of your experience. Unfortunately,...

Sorry to hear of your experience. Unfortunately, insurance brokers, like contractors, have their share of "hacks" who do a poor job and ruin the overall reputation of their respective industry. ...
Forum: Business 12-01-2014, 09:14 PM
Replies: 18
Views: 2,655
Posted By Astrix
If you have a vehicle registration from the...

If you have a vehicle registration from the Ministry of Transportation; in other words, your trailer is plated; then it has to be insured under an Automobile Insurance Policy. If the trailer doesn't...
Forum: Business 12-01-2014, 08:06 AM
Replies: 18
Views: 2,655
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 10-21-2014, 09:51 PM
Replies: 7
Views: 1,670
Posted By Astrix
Unless you are calling insurers that only write...

Unless you are calling insurers that only write personal insurance, all of the "large" commercial insurers write liability insurance. There are two types of insurers: direct writers and those that...
Forum: Business 10-07-2014, 02:12 AM
Replies: 70
Views: 9,801
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 10-07-2014, 01:25 AM
Replies: 21
Views: 3,244
Posted By Astrix
The rental equipment dealer wants you to have...

The rental equipment dealer wants you to have liability insurance because if someone gets hurt or property gets damaged while their piece of equipment is in use; they could get stuck with the...
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 08-06-2014, 05:37 AM
Replies: 33
Views: 2,923
Posted By Astrix
For those with low $100 and $250 deductibles on...

For those with low $100 and $250 deductibles on their insurance, I would suggest finding out what the savings is to go with $500, $1000 or even higher. You may find that the savings in premium will...
Forum: Business 08-06-2014, 05:12 AM
Replies: 23
Views: 2,792
Posted By Astrix
You didn't mention the time frame involved; if it...

You didn't mention the time frame involved; if it is a couple of weeks, or a couple of months, or longer. Getting temporary coverage for a few weeks sometimes costs the same or even more then...
Forum: General Discussion 07-31-2014, 03:14 AM
Replies: 11
Views: 4,758
Posted By Astrix
Im not quite clear on the math that was...

Im not quite clear on the math that was outlined. Please clarify if I misunderstood:

$8,300 is the Replacement Cost estimate for all work (both roof and interior work).
$7,181.65 is the ACV...
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, 01:25 AM
Replies: 3
Views: 1,353
Posted By Astrix
There are lots of insurance companies out there,...

There are lots of insurance companies out there, and there may be the odd one that uses different rates for scheduled and unscheduled, but in my experience that's not how it works.

The two...
Forum: Business 05-31-2014, 12:47 AM
Replies: 48
Views: 10,530
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: 1,165
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, 11:52 PM
Replies: 26
Views: 3,242
Posted By Astrix
I believe that, in Canada, it is illegal to pass...

I believe that, in Canada, it is illegal to pass on the 2.75% fee to the consumer. I remember hearing abut this on the news last year as some new laws were enacted in 2013 re this. I don't know...
Forum: Business 04-22-2014, 11:07 PM
Replies: 47
Views: 4,792
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: Business 04-21-2014, 11:39 PM
Replies: 15
Views: 5,679
Posted By Astrix
You need to find another broker. Insurance...

You need to find another broker. Insurance companies won't usually talk direct to Insureds. It's up to the agent or broker to advise you. It may interest you to know that anywhere from 10%-20% of...
Forum: Business 04-21-2014, 11:02 PM
Replies: 9
Views: 1,495
Posted By Astrix
I'll echo what jaydee wrote re different rate...

I'll echo what jaydee wrote re different rate classifications depending on what kind of work you do. When you present your business to an insurance agent or broker, give as much detailed info as...
Forum: Business 04-21-2014, 10:45 PM
Replies: 5
Views: 2,069
Posted By Astrix
I like SectorSecurity's answer. If you were my...

I like SectorSecurity's answer. If you were my client, I would probably counsel you as follows:

You don't necessarily have to go through setting up a formal vehicle lease agreement. One of the...
Forum: Lead RRP Discussion 10-22-2013, 09:34 AM
Replies: 22
Views: 3,154
Posted By Astrix
Tom, In your situation, I agree that your...

Tom,

In your situation, I agree that your agent did their job. They double-checked and got you a clear answer, in writing, so that you know exactly that lead ops are not covered under a GL...
Forum: Lead RRP Discussion 10-21-2013, 10:36 PM
Replies: 22
Views: 3,154
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...
Showing results 1 to 25 of 500

 
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