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Insurance? (UPDATED)

3932 Views 20 Replies 10 Participants Last post by  irving
I am looking for a good price on general liability insurance. I live in Texas.

Any thoughts,

Thanks
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Not to sound like a smart alek, but did you call many insurance companies for quotes? And you also have alot more questions to answer to in regaurds to your business type to the carriers, so such a general post is most likely unanswerable.
irving said:
I am looking for a good price on general liability insurance. I live in Texas.

Any thoughts,

Thanks
Again, I am looking for a good price on general liability insurance. I live in Texas.

Any HELP,

Thanks
$29.95 per year......that would sound like a good price to me :)
OK, again, what coverage would you like? $1.00 or $1,000,000.00 or somewhere in between? Looking around, and see no insurance brokers , so again, did you call for quotes?
irving said:
Again, I am looking for a good price on general liability insurance. I live in Texas.

Any HELP,

Thanks
Let me try it this way.. "Does any one on this forum have general liability coverage they feel is a good value? If so, can you let me know who their carrier is?"

Really, thats all I'm looking for man.

Thank you in advance for a helpful answer, instead of a waste of time.
Insurance ? ...

GPI, Longacre

You Contractors have it MADE. We Building Inspectors have to deal with 2 or 3 Irving's every day. He has no IDEA what you guys are talking about ....
Hello Irving,
Without even knowing where you live it would seem hard to compare rates to anyone elses. What type of work do you do? I personally get my insurance from a Upstate NY company called Dryden Mutual. Don't know if they deal with your state or where your state is. If it is in the US for that matter. So maybe you can see GPI's point.
Insurance

GPI, Irving

You contractors have it made. we Building Inspectors have to deal with 2-3 Irving's every day. He still has no idea what your talking about
Good heavens I should hope so.

irving said:
"Does any one on this forum have general liability coverage they feel is a good value?
irving said:
If so, can you let me know who their carrier is?"
"Their" carrier? Can't help you - I only know who mine is. And that information is of no use to you, thousands of miles away and in a different market.

irving said:
Really, thats all I'm looking for man.
You don't need to find a carrier (or insurer) you need to find a good "agent". Carriers (insurers) don't deal directly with the insured (you). Finding out what agencies are serving your local competition is what you need to do.
Hey! I want one of those! Where do I sign up to get that power? :D

...BTW, ProWallGuy wrote the above, just to keep everyone guessing.
irving said:
...BTW, ProWallGuy wrote the above, because Irving decided to get ignorant.
Maybe I did, maybe I didn't ;)
If you truly exist in the Matrix, you would know if it was me. :cool:
PipeGuy said:
Hey! I want one of those! Where do I sign up to get that power? :D

...BTW, ProWallGuy wrote the above, just to keep everyone guessing.
WallProGuy....Please do not post under my name. I asked a very simple question. Anyone with a couple of brain cells could have answered it. Oh, well, I see the problem now.

Thank you, and yes, Texas is in the United States
sorry Irving, I really don't like to post under any name but my own, but the post you wrote obviously needed to be edited. And I'm also sorry I didn't notice you had informed us that you live in TX in your first post.
But (anyone with a couple of brain cells) would know insurance varies greatly from trade to trade, and often even inside the same trade. For example, my insurance is XXX because i hang mostly paper, and do residential repaints. If I also painted water towers and bridges, I would have to find a specialty carrier for my insurance, and the price would be dramatically higher.

And after checking your profile, you didn't even fill in your contracting trade, so how are we supposed to know this?

All we did was ask for a little more info to help you with your question. You chose to answer with:
irving said:
WallProGuy....Please do not post under my name. I asked a very simple question. Anyone with a couple of brain cells could have answered it. Oh, well, I see the problem now.

Thank you, and yes, Texas is in the United States
Again, I am looking for a good price on general liability insurance. I live in Texas.

Any HELP,

Thanks
And it went downhill from there. Please feel free to re-ask the question, with more info, and I'm sure someone will be willing to help you. And if you wish, i will delete your post that I had to edit.
Irving, It goes like this. There is a minimum that is required by your area for whatever license you have, this amount is usually lower than what is acceptable. When I started subbing, all of the contractors required a min. of $600K. When I moved up into upscale homes, I bumped to $1M. As I aquired more employees (more potential for accidents). I went higher still.
Hope that this is what you were looking for or at least an explanation of one reason that it is difficult to answer your question .
LOL :Thumbs:
ProWallGuy said:
Maybe I did, maybe I didn't ;)
If you truly exist in the Matrix, you would know if it was me. :cool:
INsurances are often times based on either payroll or on sales. WC is almost always based on payroll. Basing insurance on payroll is nice because it allows us to properly budget when we are estimating. I, for one, put dollar for dollar into a reserve account so when my insurance comes due I am not suffering. I think I pay something like 29% for GL and 37% for WC.

Another thing to know is that insurances will vary based on your classificiation (trade) and experience. A new business usually gets a maximum rate, while an older business with zero claims usually is allowed lower rates.

My suggestion is do a google search for insurance brokers in tx and start working the phones asking for quotes.
I live in central PA. I'd never think of posting on the internet to find a good restaraunt in my area that gives generous portions for a good price. A guy in Wisconson or Florida wouldn't have a clue what types of food I like to eat and what restaraunts exist in my area. This insurance question is nearly the same situation.
md, The Speckled Perch in Okeechobee serves the biggest, baddest steaks this side of El Paso. LOL
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