Labor Force Insurance

Dallas General Liability:  Quote, Is where everything starts, understanding your fiscal demands for your company therein being able to make the logical decisions when bidding for work in your area. Understanding that a quote is not exactly binding yet if you’ve done the proper due diligence upfront then this (quote) should be fairly accurate.
There is a lot to go over here even in the quote process. There are things that rank higher on the imported list and others and you certainly want to understand a touch about classification. Thank you for dropping by today and let’s talk about your Dallas general liability – quote.

Where to Start

To call or not to call that is the question (?) Okay, let’s take a short amount of time and talk about the agent that you are working with here today. There are a few things that you want to be sure and cover before you get started with the agent. As an example you want to be sure that that person is licensed by the state of Texas as an insurance agent. You can’t easily accomplish this by going on the inter-net and going to the Texas Department of insurance and clicking on agent look-up. This will tell you when this particular person was licensed by the state of Texas. Now with that said let’s get on to “Quote” part of the story.

Stereotypically speaking

All quotes look basically the same on paper and that is the problem may begin. For your quote let’s start at the beginning I. E. Is this going to be based on payroll or is it going to be based on total revenue (proceeds). Are materials included in this quote or is this quote allowing you to separate the payroll from the materials? (The previous statement is pretty much old-school – not real sure anyone allows that anymore but you just never know, because insurance changes at the speed of the Internet.) Other considerations is going to be what you actually do in the course of a workday. If you are a remodeling company you may do things such as painting, flooring, tiling, exterior paint or you may specialize in one of those as an example

• Painting – exterior and interior
• Concrete Work
• Foundations?
• General contractor?
• Specialist?

For the different kinds of work (example listed above) you are going to have things call class codes and not all class codes are equal in the fiscal sense. In other words interior painting and a payroll of $50,000 is not going to be the same “RATE” as doing framing of a home. We will have an entire blog page dedicated to your class codes and rating and will be going over all of this extensively in 2015.

Disclaimer

Truly – this is the no fun part: this blog is one person’s interpretation this blog is one person’s opinion and not given to you are anyone to do anything more than – create the proper type of questions to help you talk to an insurance agent in the state of Texas. This is written by one individual and is there opinion and this blog – labor force Texas – offers absolutely no warranty and absolutely no guarantee whatsoever of the information inside of this website. And for you to make a logical decision please remember that we are not sure agent – we have never read your policy – therefore cannot make a judgment based on something we’ve never seen. And other words you can’t change the all in a car that you don’t touch – it ain’t in a work. Ever.  Dallas General Liability let’s Talk about class codes

Class Codes and inspections

Class codes: can be the majority factor determining how much you will pay for a policy in 2015. As an example when you are up painter and you have $100,000 in payroll then you are most likely going to pay the rate for exterior and interior painting. It is important to understand that this same painter in a lot of cases has a website. This website people will say things such as – we do interior finish out – we have remodeling solutions – we have this – we have that – we can do it all wall-to-wall. The common thought process is that a “company” company has been in the industry and probably know someone that does remodeling framing concrete etc. – Therein why would someone not place this on their website? And other words why would you are anyone leave money laying on the table?

Enter the underwriter

This happens every day: we “the company that is considering a policy to “enter the name of your company here” for a Dallas general liability. And the underwriter took their cyber surfboard and went to the shores of “enter the name of your company here” and found that you are advertising that you were doing everything under the sun and painting. The underwriter has now put a hold on your quote the aging cannot bind this same quote and now there is a lot of explaining to do to the underwriter. Not always everything here is always subject to a situation and the situation is always different. Yet it is not impossible to say that you will have to take off these different types of exposures before the company will write you a policy. Have a blessed day thank you for dropping by labor force insurance a call us if you have any questions and we certainly appreciate your time today. Dallas General Liability for you!