cape insurance continuing

cape insurance continuing
most contractors do not know how powerful it is, their own insurance bid specifications for each year. If you can do this, you can enter the market, and save a lot of money. This applies to the liability, auto, real estate, insurance and compensation of employees.

1. Your bid specifications should all brokers have to offer.

It takes time and effort to a whole range of properties, but worth it. They are crucial to reducing insurance costs. Once they develop, update once a year is quite simple.

You can set your bid for each hand information brokers please. We measure the quality by the lack of questions from brokers. If you have questions, record them along with the answers in your bid specifications.

Your bid specifications describe your activities, exhibitions, reporting and certification requirements thoroughly. It should be maintained and are currently at least once a year.

2. Tables in the offer information

Your offer should contain many tables - vehicles, drivers, sales, payroll, subcontractor costs, equipment, job history, and of course your politics and history, we lost in Chapter 5 You can use these tables in tables, and they are easy to update. We use an online database to help us organize our customers.

Vehicle year, make, model, vehicle ID number, total weight, garage location, cost, special equipment, loan number, name and address of lender

Equipment Show year, make, model, article and serial number, actual cost, current value, year purchased,

Driver name, license number, license state, date of birth, date

Sell 5-year history of sales by type of work. Break Out of commercial vs. residential, new construction versus renovation. Project the same variables for the coming year.

Subcontractor costs 5-year history of the supplier costs by type of work they have. Project the same variables for the coming year.

Payroll Payroll Show 5 years history of the workers compensation class code. Show average wages for the class and number of employees. Project the same variables for the coming year.

Job History It really helps to generate a report about your work history. For 5 years, if you can, but at least what you were last year. Break Out of commercial vs. residential, new construction versus renovation. Report jobs await you in the coming year to do so.

3. Description of operations

Describe what you are doing. The job report on the story really helps save here. You may be a good description of the general already on your website.

3. Questionnaire --

Brokers must be filled out many questionnaires. Get, and complement. Keep them, and are updated every year. Do not allow a broker to call, then fill out the form and pass them on to you. This is a common mistake. You have every right to possess a copy of the information that the insurance companies. Do not let brokers you differently.

Questionnaire include: contractors materials, workers comp materials, and the default acord applications for the various lines of reporting. First steps in that your records is a good step in the right direction.

If your broker does not want to enter it, it's probably time to have a heart to heart talk with your broker, or consider a new one. If you are a new conversation with a new mediator, can you sign an agreement you will receive the applications, in exchange for the new facilitator a chance to quote. This step is far in the direction of lowering your costs.

4. Coverage

Brokers are proud of the cover design to your requirements. Ask for a detailed listing of news reporting, and ask how they could be improved. Do this with any broker you are using. This is a convenient way to make a cover spec page for your bid specifications.

5. Locations

For each of you take (not your sites) agents need to know quite a bit of information. Ask your broker for the applications for property coverage, so you can be sure all information is complete and correct. Of course, a copy of the application for your bid specifications.

6. Certificate must be

Make it clear what you need in the way of allowances in your bid specifications. The examples of certificates you need, especially the hard to save you a lot of headaches later.

Here you can find further help will receive lower insurance rates and better coverage
Click here: Take Contractor Insurance

Don Bury, President
Insurance Cost Reduction Services
Phone / Fax: 800-760-1867
E-mail: donbury@icrs.biz

Follow the system, has 20 million U.S. dollars in measurable savings to contractors and business insurance buyers. From the author of the Buyers Guide to Business Insurance (1993)