New applications for pest and termite control insurance are asking pointed questions about the discovery and treatment of bed bugs.
Though not expressly excluded in most forms, the carriers are "silent" on the issue. Meaning, no direct mention of bed bugs. IMHO, it'll be 2-3 more years for either an endorsement or exclusion enters the forms.
Can Bed Bug Treatments offer a new source of income for Pest and Termite control companies? Or, is this a passing fad?
Sleep on that... (^_~)
Tuesday, June 28, 2011
Monday, June 27, 2011
Workers Comp rates to increase in CA
Every company we work with is raising their Workers Comp rates for Pest Control classes.
Keep track of your EX Mod. The Experience Modification is a claims history based multiplier. An insurance company takes their base rate for a given class (such as Pest Control, or Termite) and then multiplies that rate by your Ex Mod.
A good agent will research the basis of your Ex Mod. Many times, an open claim from years ago shows up, even though the claim had been closed. Bureaucracies are not typically good at follow up. A good agent is...
Keep track of your EX Mod. The Experience Modification is a claims history based multiplier. An insurance company takes their base rate for a given class (such as Pest Control, or Termite) and then multiplies that rate by your Ex Mod.
A good agent will research the basis of your Ex Mod. Many times, an open claim from years ago shows up, even though the claim had been closed. Bureaucracies are not typically good at follow up. A good agent is...
Thursday, June 23, 2011
Uninsured Motorist: Why is the Coverage so Low?
I've noticed a disturbing trend in reviewing Business Auto policies: Very low Uninsured Motorist Property Damage.
Your Business Auto should have a minimum of $1,000,000 CSL (combined single limit) for Liability, Uninsured, and Underinsured, especially Property Damage.
You get smacked by an uninsured driver, and your out of work for 6 months? Where do you think the lost wages will come from? Do you have a Business Overhead Expense Disability Policy? Do you even know what that is?
Most Pest Control Operators are "in the field" types, out there, with the customers, with the lads doing the spraying, doing the inspections.
YOU are the business. No You, No Business.
Adding this coverage is relatively cheap. Ask for it.
Your Business Auto should have a minimum of $1,000,000 CSL (combined single limit) for Liability, Uninsured, and Underinsured, especially Property Damage.
You get smacked by an uninsured driver, and your out of work for 6 months? Where do you think the lost wages will come from? Do you have a Business Overhead Expense Disability Policy? Do you even know what that is?
Most Pest Control Operators are "in the field" types, out there, with the customers, with the lads doing the spraying, doing the inspections.
YOU are the business. No You, No Business.
Adding this coverage is relatively cheap. Ask for it.
Monday, June 20, 2011
Caffeine is a Pesticide
I'm a new producer at agency that specializes in pest and termite control insurance. A narrow niche, but important. The issues these businesses face, including all the licensing and bonding requirements, force a brokerage to specialize.
Simply too many unknowns to allow a generic brokerage to know about.
As I learn about this industry, so will you. Premises pollution, spray rigs, termite wood repair, and that nature's original purpose for caffeine was to kill bugs.
Thanks for reading.
Simply too many unknowns to allow a generic brokerage to know about.
As I learn about this industry, so will you. Premises pollution, spray rigs, termite wood repair, and that nature's original purpose for caffeine was to kill bugs.
Thanks for reading.
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