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general liability: Do General Contractors need Insurance? - 06/11/10 07:28 PM
More and more, we field calls from our customers on this important subject.  Our customer, who might be the realtor or the owner of a property is looking to have it remodeled or maybe it's a foreclosure and needs some TLC before it's listed.   
It's a great idea to not only work with licensed contractors but, contractors that carry a general liability and or builder's risk insurance policy. 
Here is a brief overview of both types of coverage and their importance.
Builder's Risk or Course of Construction:
Builder's Risk indemnifies for loss of or damage to a building under construction or remodel. Insurance is … (0 comments)

general liability: Double Whammy: Builder has huge insurance audit, Sales have plummeted - 08/31/07 04:53 PM
Over the past seven months I have noticed some potential danger on the horizon.
Small builders, like large builders have seen the amount of homes they sell drop off from previous years.
Again and again, I read and hear about companies that hadn't planned for the additonal premiums that are earned on their general liability policies for having a great year.    
Here is an example of the problem:
XYZ Home Builder renews their insurance policy on 1/1/2006 based on sales of $2,000,000 and sub costs of $1,500,000.  After they get the policy it gets throws it in the drawer until 1/1/2007.  They never hear from the agent until then anyhow. Right?  Well in 2006 (toward … (0 comments)

 

Gary Hanson

Scottsdale, AZ

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Professional Insurance Strategies

Address: 7575 E. Redfield Rd. Suite 235, Scottsdale, AZ, 85260

Office Phone: (602) 481-0161

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