Steps to prevent loss to your home due to water damage

After the storm last night in Naples, Florida, you should check the roof to your home. Are there cracked, missing shingles, pooling water or other damages caused by the water? repair  them ASAP.  Otherwise,  more potential losses will arise.  As a result, the value of your house will decrease and potential claims to insurance companies will increase the premium of your homeowner insurance.  More information at http://www.es-insurance.com/

Affordable liability insurance for General Contractors that are not making high revenue

      During the boom of the real estate and the construction industries, the General Contractors (GC) made high revenue. At that time they paid high premiums for the liability insurance.    However,   due to the Economic down turn their income has shrunk to minimum levels. As a result, some of them had already shut down; while other have been working in repairs and remodeling. 

         In this new scenario, the firms that are still on the market have been challenged by the carriers because most of them offered unaffordable policies during the last two years.  Also, GCs could not meet the insurance companies’ requirements such as payroll, percentage of contractors, and percentage of subcontractors.

         Fortunately, this scenario has been changed recently and some carriers are offering the following three alternatives to CGs that do repairs, remodeling and maintenance:

1.     Occurrence with Contractors Special Condition

Full Occurrence is for the contractor that wants the protection of an occurrence policy with no sunset provision. Eligible contractor will use fully insured subcontractors, is held harmless and named as an additional insured by the subcontractors, and maintains records of same for 5 years plus.

       2.   Occurrence with Sunset Clause

It is an appropriated alternative for the contractor that will use insured or uninsured subcontractors.  It is applicable with a sunset provision to the occurrence policy provides adequate coverage length for his business.

      3. Claims Made

This option offers coverage to GCs with option to purchase an extended reporting period of unlimited duration for no more than 200% of the last annual premium.

The premiums for the above-mentioned policies are on the range from $1200 to

$ 1600.The payroll could be from $ 16000 to $ 25000. The minimum revenue should be at least $ 60000 per year.

If you are a General Contractor and is looking for affordable liability insurance please contact the Road Runner Program for business at www.es-insurance.com.

Also, send an email at: nef@es-insurance.com for a free consultation.

  

Road Runner Insurance Program for Businesses in Naples, Bonita Springs and Fort Myers Florida

               The innovation has been a priority on the business plan that E & S Insurance has been implemented during the last two years on South West Florida.  In 2010, the independent insurance agency developed a pilot project that surveyed around three hundred of the small businesses in Collier and Lee Counties.  The survey found that 85% of the business owners or the managers knew very well the vendors that provided them with the basic supplies such as raw materials, products and services. However, only 15% of them had known personally or remembered the name of their insurance agents.  In addition, just 10% of the owners knew the limits and coverage they had on their Business Insurances. As a result, 90% did not know for sure what kind of protection they had in case of unpredictable and catastrophic disasters such as fire, hurricanes, floods and other damages to the property. Sometimes, they never asked for themselves what could happen to them and their families if they could not open the business and did not receive any revenue.

               Based on the above-mentioned findings, E & S Insurance designed a new project called ROAD RUNNER PROGRAM FOR BUSINESS. The main goal is to visit and contact face to face four hundred business owners during 2011 in Collier and Lee Counties. The Road Runner Agent will offer them and exclusive and personalized service. He will review and evaluate the coverage on their business policies and will propose them a new business insurance package that will meet their needs and budgets. As a part of this review, the agent will establish if the owner is over or under insured; also, he will review the premiums they have been paying and will implement a proposal that will save some money to the business owner.  Finally, he will explain them how to avoid unnecessary claims, and will assist them with potential claims in the future.  As a result, the business owner will have an agent who will be always on the road and ready to assist them.

               Business owners will be able to participate on this program and they will not pay any fees.    Please complete the registration form, which is available in our website at   www.es-insurance.com.   For further information please send an email nef@es-insurance.com