Non renewal of code 91583
Posted: Thu May 04, 2006 4:50 am
I thought renewals were going too peaceful this year.
Yesterday I received the renewal policy for a client and the Cabinetry and carpentry is on but code 91583 Contractors and subcontractors has been omitted. Ah the underwriter don't ya just love um?
This is a $10,000 premium account and for years they've been with this same insurance company. Last February they did step out of bounds, one time and needed to rent a boom. This sent the UW over the edge. He stated how he envisioned the boom rolling down the hill, taking down power lines, loss of power to a nearby grocery store, loss of refrigerated products, loss of life, on and on.
I really wanted to tell the UW that he probably wouldn't sleep at night if he knew how many people step outside their bounds of operations. Not on purpose it is just that many clients don't understand.
The UW told me that at renewal, because of the boom incident, there would be a premium increase. He never said that coverage would be dropped.
I am asking that the code be put back into the policy. The business makes cabinets, mill work and installs it. Sometimes they will make the products and sub the installation.
A work around for the short term could be: make 100% sure the sub have insurance (get those certs!!!) have subs provide additional insured in my clients favor, being primary & non contributory as well as having subs sign hold harmless agreements. The previous is something that I had already told them, even when they still had code 91583.
Just when I was about to make a weeks trip around the State to visit clients and do some prospecting. Now a problem follows me.
Yesterday I received the renewal policy for a client and the Cabinetry and carpentry is on but code 91583 Contractors and subcontractors has been omitted. Ah the underwriter don't ya just love um?
This is a $10,000 premium account and for years they've been with this same insurance company. Last February they did step out of bounds, one time and needed to rent a boom. This sent the UW over the edge. He stated how he envisioned the boom rolling down the hill, taking down power lines, loss of power to a nearby grocery store, loss of refrigerated products, loss of life, on and on.
I really wanted to tell the UW that he probably wouldn't sleep at night if he knew how many people step outside their bounds of operations. Not on purpose it is just that many clients don't understand.
The UW told me that at renewal, because of the boom incident, there would be a premium increase. He never said that coverage would be dropped.
I am asking that the code be put back into the policy. The business makes cabinets, mill work and installs it. Sometimes they will make the products and sub the installation.
A work around for the short term could be: make 100% sure the sub have insurance (get those certs!!!) have subs provide additional insured in my clients favor, being primary & non contributory as well as having subs sign hold harmless agreements. The previous is something that I had already told them, even when they still had code 91583.
Just when I was about to make a weeks trip around the State to visit clients and do some prospecting. Now a problem follows me.