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Ruff Surfaces
Newbie Joined: 01/December/2004 Location: Canada Status: Offline Points: 1 |
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Posted: 01/December/2004 at 9:30pm |
What is your experience with getting the right kind of insurance? What is a must have insurance? Owner, Operator, employee? How much coverage? What problems have you incurred with putting claims forward. Most importantly how much do you pay? |
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terry
Groupie Joined: 29/January/2004 Status: Offline Points: 62 |
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I run truck mounts .No personel use ,they just add on
comm insurance to that . 2 mill .Never had a problem with claims ,2 so far . Pay about 3000k a year in Quebec. |
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Adwa
Queen of the Board Joined: 05/March/2004 Location: Canada Status: Offline Points: 4568 |
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Wow Terry that sounds like a lot of money per year. Maybe this is the norm I won't know.
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carpetologist
The Great Hardini Hocus Pocus Joined: 20/January/2004 Location: Canada Status: Offline Points: 1712 |
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I hear the insurance companies had a banner profit last year and the government is asking them to lower premiums. lol |
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Kleen Kuip Supply Mart Inc.
New & Used Professional Carpet Cleaning Machines, Restoration Equipment, Training, Service and Supplies |
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Steaminpile
Master Carpet Cleaner Joined: 04/February/2004 Location: Canada Status: Offline Points: 1150 |
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2 million liability here I grew up with the agent so she looked after me well.
I pay around $100 a month
never made a claim yet. |
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doug
King of the One Liners Just My opinion Joined: 31/January/2004 Status: Offline Points: 32701 |
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We carry Five million on the business + the tms + the equipment+ the building and that = no money left.
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Just My opinion
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Steaminpile
Master Carpet Cleaner Joined: 04/February/2004 Location: Canada Status: Offline Points: 1150 |
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oh yeah I forgot the equipment insurance is on there too
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carpetologist
The Great Hardini Hocus Pocus Joined: 20/January/2004 Location: Canada Status: Offline Points: 1712 |
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I hate to say many of the GTA cleaners do not have insurance. And when things go wrong they usually attempt to put it through their home insurance and that sometimes works after you tell your adjuster a few little white lies. If you do not have business insurance and are in an accident you had better make sure your machine is in the trunk and tell the officer you were just coming home from a church social. If you ever damage a carpet or furniture caused by your stupidity or unprofessionalism make sure you tell them a hose split or your machine saturated the house. That's covered but being unprofessional is not. Many years ago our carpet cleaning association had a blanket policy that covered all our members for everything a carpet cleaner would want. It lasted one year and almost broke the insurance company. They dropped us like a hot potato. Now that I have explained a few loop holes that I found through experience I would say Honesty is always the Best Policy. Buy insurance and have your policy blister packed and always put it into your quotations. And make sure your customers are aware of your business professionalism. When they say ABC will do it for $75.00 cheaper don't knock ABC. Just gesture that maybe they have no insurance. That usually plants a positive seed for you. But this should be an interesting thread. Much to learn and compare. Edited by Carpetologist |
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MR. STEAMER
True Patriot Only in the GTA Joined: 03/March/2004 Location: Canada Status: Offline Points: 14544 |
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The thing is with insurance... you only have one or maybe two claims before they cancel you....lol Thats why no has insurance.....lol |
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www.mr-steamer.com
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doug
King of the One Liners Just My opinion Joined: 31/January/2004 Status: Offline Points: 32701 |
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I forgot about the compensation payments also.
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Just My opinion
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OCC Boss
Groupie Joined: 12/September/2004 Location: Canada Status: Offline Points: 103 |
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$1 million liability, $750.00 a year, incase you blow a hose, or someone gets injured. We are incorporated in case someone sues.
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H8 DIRT
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doug
King of the One Liners Just My opinion Joined: 31/January/2004 Status: Offline Points: 32701 |
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1 million is not much in this day age incorporated or not.
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Just My opinion
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MR. STEAMER
True Patriot Only in the GTA Joined: 03/March/2004 Location: Canada Status: Offline Points: 14544 |
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nope 1 million goes no where...I have 10 million.... paying about 220 a month... say if your truck blows up on the driveway and a few house get burnt down and people die.... 1 million won't cover your lawsuit |
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doug
King of the One Liners Just My opinion Joined: 31/January/2004 Status: Offline Points: 32701 |
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10 million and one million from one extreme to the other?
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Just My opinion
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