Insurance providers?

[ExtremeG Alamosa]

Curious if you'd be willing to share your liability insurance provider?
Our rates have increased 120% over the last 5 years. with zero accidents/claims......

Ours is Cincinnati Insurance
www.cinfin.com

 

[Texas_Signmaker]

Next Ins.

 

[Notarealsignguy]

Ours more than doubled this year alone and we never had a claim either, ever. I was told the insurance markets are hardening, at least down here.

 

[Scotchbrite]

Acuity

 

[victor bogdanov]

thehartford

 

[kcollinsdesign]

Grinnell Mutual. About a 35% increase over the last five years due mostly to a hardening of the market. A 120% increase would likely be due to audit discoveries or increased coverage.
General liability and Workmans comp insurance are sky-high in the sign business (if you use aerial equipment like bucket trucks and cranes). Easily over 30% as the cost relates to payroll, and more if you have claims and deductibles. Some company's under-rate their workers (put them in less risky classifications), but when claim day comes they will need to pay the piper! Best to stay real.

 

[binki]

We used AAA who sent it to The Hartford. Pretty reasonable.

 

[netsol]

thehartford

The Hartford (local administrative offices) was a client for our computer consulting business & previously when we did commercial video equipment. They were the only client, if you faxed in an invoice ON THE DAY SERVICE WAS PROVIDED, you had a check in tomorrow's mail. (The post office was doing their job, as well)

 

[Stacey K]

Acuity

 

[Scotchbrite]

Grinnell Mutual. About a 35% increase over the last five years due mostly to a hardening of the market. A 120% increase would likely be due to audit discoveries or increased coverage.
General liability and Workmans comp insurance are sky-high in the sign business (if you use aerial equipment like bucket trucks and cranes). Easily over 30% as the cost relates to payroll, and more if you have claims and deductibles. Some company's under-rate their workers (put them in less risky classifications), but when claim day comes they will need to pay the piper! Best to stay real.

One thing we do to help with this is track "in" and "out" time separately. Most of our guys do work in both the shop and out in the field so it helps keep the rates a little lower because the in shop time isn't charged as much as the out of shop time. Otherwise the insurance company just defaults to the highest rate for all of their time.

 

[Notarealsignguy]

Does anyone here have a garage liability policy? We used to be able to exempt labor employees that don't drive but we had to switch carriers this year and they made us include everyone as a driver.