Let’s see how much we can save.
Dallas General Liability: Contractors Insurance, we are here on the day after Christmas to be of support for the “FEW” that had job’s that needed attention today. As well for the even fewer that might be braving the world-wide-web for some information on Dallas General liability in general. Let’s talk coverage in other words what does aggregate even mean and what is difference between that and occurrence? Now, there is huge difference between the two however: and our goal here today is to
show in general how the two break out and what the difference between them, so let’s get started on Dallas General Liability
General Liability Occurrence
The occurrence is how much you have to spend (the total amount) on any one claim. Now most likely you have the 2 million aggregate with the 1 million dollar occurrence. The amounts are pretty straight forward as-is the explanation of how they break out. The occurrence act’s in response to a claim just like one would think:
For a claim the amount that is to be paid comes out of the occurrence
So, you million dollars will be attached to the loss and let’s pretend that the loss is $ 25,000 all in and done. (we will go over the things such as bodily injury in another post) and PLEASE remember that you will “most-likely” have a deductible. The deductible is going to come out of the total. The check will most likely not be $ 25,000 the check is going to resemble the amount of loss minus the deductible:
$ 25,000 (loss)
$ 1,000 (deductible)
$ 24,000 ( $ 1,000 is deducted from total )
Yes, Mr. Contractor you will be responsible for that amount: What-ever the deductible amount ends up being. ) 
Also, we will have a few post dedicated to how to make a claim in 2015 along with:
- What is Dallas General liability
- How to make a claim
- What is a rate
- What is a class code
- What is a cash reserve on a claim
Now there is a lot to go over but let’s be back to the part about Aggregate and Occurrence. Also remember all of this is a generalization. Your policy will have what is called “Policy Language” and yes we will have a post on what that is: and it’s different between companies.
Disclaimer
Okay, here we go, I wrote this therein this is my opinion and is mine alone, now please note that I/we/this blog makes no attempt at influencing you what-so-ever. Our goal is to help you generate question to go over with a licensed TEXAS insurance agent. WE give nor offer no guarantee or warrantee what so ever from any part of this blog including this post.
We are here to help
I have always liked people and want to help you save on the overall total for your commercial insurance cost. Now, this will not always happen and here is the good news. If we only show you and your company a savings of say 10% then DO NOT go with us, go to your agent and most likely they will match the premium. You still win and we are glad you did because: you can not stay in business giving all your money to the agent. Have a blessed holiday and if you have a question on your General Liability Dallas.