Posted On: March 8, 2007, 1:25 pm CST

Posted By: Tad Balzer

I am a GC in South Florida and a Public Adjuster. I am having a serious issue with Insurance carriers and FIGA starting the practce of NOT paying contractors overhead and profit to my clients even with a signed contract on roofing, fencing, and carpet. So if I follow that line of thinking, the isurance industry not only insists a contractor be hired to do the repairs, but he is supposed to schedule, oversee, be responsible for all the work and at the end of the year, his General liability insurance carrier can audit him and charge him for the roof he made no money on. In short, do the work and kick in some money of your own for our insured. FIGA said they have a lawyers opinion that states that they do not have to pay O&P on these items no matter what. But also refuse to produce the document that says so. So I ask anyone and everyone who can read this or is experiencing the same insane arguement, to research any and all rules, guidelines or directives to disallow or disprove this fictitious rule they are using. As a General contractor, I still expect to be paid the overhead and profit for ALL repairs I am responsible for. The insured should therefore be entitled to be reimbursed for them once incurred. End of Story. Any assistance would be greatly appreciated to stop this unfair trade practice.