Premium audits can be a headache for restoration contractors. They can be time consuming, stressful, and, if you’re not careful, result in additional premiums that will be owed to the insurance company. Over the next 2 blog posts, we’re going to talk about what a premium audit is, how they are done, what records you need, how you can save money, and the most common questions surrounding premium audits. What Is A Premium Audit? Premium audits for restoration contractors are

Workers' compensation insurance can be one of the highest annual costs for restoration contractors. This is why they need to keep safety as a top priority to avoid injuries. There are many dangers on a worksite within the construction industry, such as tripping or falling hazards, falling objects, overexertion, and heavy equipment accidents. With all of these dangers, there are about 5,000 fatal worksite injuries annually out of around 150,000. How can those who work on a con

If you are a restoration contractor, odds are you spend a fair amount on your commercial insurance. While it is true that construction carries a diverse range of risks such as worker injury and theft, there are several ways for restoration contractors to save on their insurance. Bundle Policies Though not as easy for restoration contractors, there are still opportunities to bundle some of your insurance policies for premium savings. The key here is to find an agency that spe

That project you just finished may not be covered by your insurance the way you think it is. This is because although the commercial general liability (CGL) policy may cover bodily injury or property damage to others resulting from your product or work, the policy expressly excludes damage to your property, product, or work. Restoration contractors need to understand that the products and completed operations limit do not change what is covered under your general liability po