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Insurance companies required documents

Discussion in 'Business Fundamentals' started by Dogplow Dodge, Nov 13, 2015.

  1. Dogplow Dodge

    Dogplow Dodge 2000 Club Member
    from NJ
    Messages: 2,894

    Okay,

    After getting a quote from my existing insurance company, and it went up $1000 for nothing, no claims, etc., I decided to get a second quote from another insurance company. Well, I applied 3 weeks ago, paperwork galore, etc, but NOTHING was said or requested at the time for loss runs from the other company for the last 3 years. This surprised me, as I thought it was normal for it to be requested.

    So, insurance runs out in a few weeks, and I'm hounding the new place for the quote. Just so happens that my wife works there, and as usual, it's the broker dealing with my wife's employer that's taking forever. Well, today, again, just a few weeks before my policy runs dry, I get a call that the new company wants Loss runs 3 years, and I'm required to have every commercial account sign this waiver attached. If I won't get all the clients signatures, then they would void my insurance at that time because of it.

    Now read page one of the addendum. What does the first paragraph say ? Do not include in your contract, but get them to sign it anyway.:dizzy::dizzy:

    Never heard of an insurance company dictating what your agreement with your customer would be..... until now..
     
    Last edited: Dec 20, 2015
  2. Randall Ave

    Randall Ave PlowSite.com Addict
    Messages: 1,924

    I thought you were good to go. What happens during a storm, you pick up a new customer, you have to notify insurance company? They don't just want some of the profit. They want it all.
     
  3. FourDiamond

    FourDiamond Senior Member
    Messages: 129

    Run far, and run fast from this company.
     
  4. Mr.Markus

    Mr.Markus PlowSite Fanatic
    Messages: 5,157

    "Please do not put this disclaimer on your contract with your customer"...lol. Duh hey dumb snowplower...
     
  5. Whiffyspark

    Whiffyspark 2000 Club Member
    from SOMD
    Messages: 2,402

    They didn't even change my price when I added commercial plowing. Try nationwide
     
  6. jcoria

    jcoria Junior Member
    Messages: 17

    Dogplow pm me. My insurance lady got me a great price on gl. I don't know how to pm lol
     
  7. kimber750

    kimber750 PlowSite Veteran
    Messages: 3,601

    Hey Dog I got some vacant properties for rent and can line you up some snow work. So come over to America and get out of the communist republic of New Jersey. Hell I even have some lager in the fridge. :drinkup:
     
  8. Dogplow Dodge

    Dogplow Dodge 2000 Club Member
    from NJ
    Messages: 2,894

    If I wasn't tied to a ball and chain, I'd take you up on that in a heartbeat.
     
  9. SnoFarmer

    SnoFarmer PlowSite Fanatic
    from N,E. MN
    Messages: 8,460

    You got 1-2 million or whatever in commercial INS for nothing? free....

    IMO, you got nothing, did you ever see your policy?


    ps you have been fishing for a while it's time you got a bite...
     
  10. FredG

    FredG 2000 Club Member
    Messages: 2,185

    Man you guys got troubles in NJ. You mentioned one time about you could get the snow insurance with landscapers GL. Any way you could do that and be covered on your summer projects.

    I mean this is a simple thing here NY. You just add completed snow operations to your GL. It does not matter what kind of GL you are holding.

    Good Luck
     
  11. Dogplow Dodge

    Dogplow Dodge 2000 Club Member
    from NJ
    Messages: 2,894

    Not available here.

    Thanks Joel,

    I just got off the phone with her. Will let you know how it all goes.


    Seems like a very nice person. Hopefully, she can shed some light on this.
     
  12. kimber750

    kimber750 PlowSite Veteran
    Messages: 3,601

    Maybe they saw the pics of you molesting a fire hydrant. :eek:

    My rates have never changed.
     
  13. Dogplow Dodge

    Dogplow Dodge 2000 Club Member
    from NJ
    Messages: 2,894

    That's it...the hydrant...

    Inreased 1000 last year and 1100 this year. Hopefully this New contact works out
     
  14. Whiffyspark

    Whiffyspark 2000 Club Member
    from SOMD
    Messages: 2,402

    I already had landscaping. I made it very clear what we were doing. She sent me a new policy 2 weeks later.

    How I got it for free, I'll never know. But I was already paying $250 a month
     
  15. SnoFarmer

    SnoFarmer PlowSite Fanatic
    from N,E. MN
    Messages: 8,460

    Cool,
    If you have it in writing, I'd just pay it too and shut up.
     
  16. CHPL

    CHPL Member
    Messages: 80

    Looks like the template is to limit your potential liability by explaining that you can't control the weather.
     
  17. Dogplow Dodge

    Dogplow Dodge 2000 Club Member
    from NJ
    Messages: 2,894

    The part that no one has been able to explain from the INS co. is what exactly am I supposed to do with it ? My wife surmises that it's to be provided to the commercial clients in a separate signed notification or form. The paper specifically says it's not a legal document, and is not to be included in any of the contracts with the customers, yet I've been told to get them to sign it, or I will not have any coverage on that account.

    Really odd, although I'm sure it's just as some sort of back up notification should there be a claim of loss.
     
  18. jhenderson9196

    jhenderson9196 Senior Member
    Messages: 615

    My ins co doesn't have that form, however they review each contract for terms. They refuse to insure any client that doesn't control the entire scope of services. This includes sanding, salting, and plowing. Pretty much precludes working for a national,which I think is great.
     
  19. CHPL

    CHPL Member
    Messages: 80

    A few years ago my insurance sent us a document with verbage to incorporate into our contracts. Similar to what you have. We did, our lawyer reviewed it and was pretty happy with it. He said As long as it gets signed it adds more responsibilty on the property owner.

    That is probably what they are looking for.
    It looks like it gets added to the bottom of your contract after you put the scope of work and pricing.
     
    Last edited: Nov 16, 2015
  20. Ben/Insurance

    Ben/Insurance Sponsor
    Messages: 156

    Dogplow, it is not uncommon today to see insurance carriers issue these documents. You are likely getting this from an Excess and Surplus Lines (E&S) carrier where the applicable forms/endorsements (and your written acceptance) are only available. It is very unlikely that a licensed carrier is putting these documents forward to you as they generally do not have the state filings necessary. While there is nothing wrong with purchasing your insurance from the E&S marketplace, and you may not have a choice here, it is critical that your insurance agent/broker is well versed in this area and makes sure the forms/endorsements/exclusions are acceptable to you. Good luck.
    Ben/Insurance