Labor Force Insurance

Dallas Contractor General Liability Insurance: Well it’s another beautiful day here in Dallas as we coast through spring break on the way to St. Patrick’s Day, and we are all looking forward to the warmer weather. Now we here at Labor Force Insurance certainly understand that your life will go on with or without us, and quite bluntly, commercial insurance can seem like a pain. For most people, they aren’t trying to save the world, just their tiny part of it. For most of you, it’s all about protecting your very hard earned assets, we get it. Now with over 13 years in the commercial insurance world, I don’t claim to have seen it all, but I’ve seen my fair share. While everyone wants coverage, they usually just want the most basic coverage possible, and probably to try and save money. Now the primary area that this is of concern is with your Dallas Contractors General Liability Insurance. With this as a start, we will be discussing the different types of coverage and realistically the things covered and those not covered.

FOR EXAMPLE

May I begin by reminding you that business is not a game and definitely is something to take very seriously. Let me also assure you that if you ever receive that letter from an attorney claiming that you and your company are responsible for an exposure or purported loss, you will want to speak with an adjuster ASAP, your adjuster is a veteran at getting to the bottom of problems like this and you will need that kind of an ally. Now the luster of general liability is somewhat diminished on a cloudy day, primarily because it is not necessarily commonplace for there to be a claim under your general liability insurance or its applicable coverages. For that reason, there seems to be some false security and this can be unfortunate.

AS ANOTHER EXAMPLE

Now lets use the example of basic math 101 to describe this scenario. Lets say someone is working on Mr. Smith’s home and there is a claim regarding the refrigerator and your job was to provide flooring services and you never even saw or came anywhere near the refrigerator during the course of your work. The homeowners insurance is not concerned, but the possibility is that you may be named in some form of litigation. Now while you may not be named in the lawsuit, can you really afford to be without coverage for such a possible claim? To put this in perspective, I was speaking with an associate and he said he had been driving for over 40 years and never been without auto insurance. Now what is very interesting about this, is that this gentleman has not had an accident in over 35 years. However, he still feels it is necessary to have coverage and he drives less than 10,000 miles every year. Using this same analogy, many small contractors refuse to carry general liability or even a small policy with limits of just $100,000 per occurrence. Now this is where you really need to think about your Dallas Contractors General Liability Insurance for you and your company.

DIFFERENT NEEDS

Now there are a myriad of coverages available to discuss, and it is our goal to continue to chip away at these subjects throughout the year and hopefully give you some things to consider and we always encourage you to visit with your own agent regarding such things for your Dallas Contractors Insurance.

• Workers compensation

• General liability
• Commercial auto
• Key man life insurance

 

Limits for each
Realistically, there is no way around some of these coverages if you are sincerely trying to protect your assets and your family. These are subjects, that while not fun or glamorous to discuss, the ramifications of being without some of these can be devastating to you and your company. Now this is just the starting point for discussion of many points for you to consider regarding your Dallas General Liability Insurance and other commercial insurance needs. We want to sincerely thank you for stopping by our little cyber-shop and reviewing our articles, and we hope these tidbits of information will be a blessing to you and possibly help you navigate through the sometimes treacherous waters of commercial insurance and especially Dallas Contractors Insurance.

DISCLAIMER

Now this blog was written by me personally and is merely my humble opinion, and in no way do I expect or suggest that you make any decision about your own situation regarding insurance without speaking with your own agent for any decisions you ultimately make. These articles are for your information and entertainment only, and in no way do I guarantee or warrantee anything written here whatsoever. If you have any questions regarding this disclaimer, please click here now, and thank you again for stopping by and hope to see you again soon.  If you want more information on the Disclaimer click here.