Search found 204 matches

by etimer
Mon Apr 17, 2017 8:35 am
Forum: Opinions
Topic: Liberty Mutual rental - $94 a year ??
Replies: 2
Views: 2115

Re: Liberty Mutual rental - $94 a year ??

Well I am into my mid-sixties so I would say I fit into the cynical mold. Plus being in the insurance business since 1984 I can definitely say I am cynical. I only posted to vent a bit and wonder just what the heck the insurance agent did to get a $94 renters premium. There is a guy I know that has ...
by etimer
Wed Apr 12, 2017 9:00 am
Forum: Opinions
Topic: Liberty Mutual rental - $94 a year ??
Replies: 2
Views: 2115

Liberty Mutual rental - $94 a year ??

I have a client that had their renters ins. with me through Safeco. Her father takes care of her finances and just went with Liberty Mutual for $94 a year. Safeco is a Liberty Mutual company but can't come close to $94 nor would I want to write a $94 policy. This policy is always running late and ab...
by etimer
Fri Nov 04, 2016 6:54 am
Forum: Opinions
Topic: AI status and 30 day notice of cancel endorsment
Replies: 15
Views: 34477

Re: AI status and 30 day notice of cancel endorsment

I'm involved again with a contractor that is in the top 5 in the USA that wants notice of cancellation given and the one part of the paragraph that got me was this - " other entities as required by required by Owner or Contractor" . So we had the three way conversation with me, my client and the GC ...
by etimer
Wed Nov 02, 2016 2:14 pm
Forum: Opinions
Topic: Adding Architect as AI is a dangerous course -- yes - no
Replies: 0
Views: 6318

Adding Architect as AI is a dangerous course -- yes - no

My client has gotten involved with an OCIP and the OCIP wants my client to name their architect as additional insured. Hm....yes where is that famous OCIP saying that we deserve a credit because your CGL will not need to respond? Anyhow my client has a blanket AI endorsement and I am not keen on put...
by etimer
Thu Jul 21, 2016 2:16 pm
Forum: Opinions
Topic: Client wnders why his HO premium went up
Replies: 9
Views: 9143

Client wnders why his HO premium went up

One of my long time clients was a bit miffed because his HO premium went up @ $100 this year. So I got his loss runs and here is what I found -- Since 2002 Claims paid $12,203.73 Premiums paid $13,564 Difference $1,360.27 Three year loss report: Claims paid $6,792.84 Premiums paid $4,705 Difference ...
by etimer
Thu Jul 21, 2016 3:49 am
Forum: Opinions
Topic: Certs - when will agents all get on the same page
Replies: 8
Views: 11995

Re: Certs - when will agents all get on the same page

Yep since 1984 I have given that speech a thousand times and a thousand times I get a COI request after the contract has been signed. The deal is "supposed" to be that I read the contract first. I always start with educating my sub contractors before even issuing them a certificate of insurance. I a...
by etimer
Tue Jul 05, 2016 6:27 am
Forum: Opinions
Topic: Certs requesting job names and numbers
Replies: 0
Views: 7234

Certs requesting job names and numbers

Many people find that it is a never ending want from General Contractors for certificates. We all know or should know is illustrated in a notice. Below is part of the Notice and to the PITA General Contractors I will send the notice. " This notice clarifies the acceptable use of certificates of insu...
by etimer
Tue Jul 05, 2016 6:09 am
Forum: Opinions
Topic: OCIP and credits given
Replies: 7
Views: 11060

Re: OCIP and credits given

The problem is that you would need to change the insurance policy description on how and when an AI can apply their rights. Talk to ISO about that one. AI on the auto? "WHO Is" on the BAP already addresses that one. A named insured contractor under a BAP can look at the “Who Is an Insured” language ...
by etimer
Thu Jun 30, 2016 10:39 am
Forum: Opinions
Topic: Certs - when will agents all get on the same page
Replies: 8
Views: 11995

Re: Certs - when will agents all get on the same page

True! They are the people that make our lives difficult. I would hate to tell you how many times I have to explain to an insurance agent how to properly fill out a COI to evidence the correct insurance coverages. :shock: 'course...I work in risk management and have 25 years of insurance background a...
by etimer
Tue Jun 28, 2016 2:57 pm
Forum: Opinions
Topic: OCIP and credits given
Replies: 7
Views: 11060

Re: OCIP and credits given

They didn't originally tell my client that there was an OCIP involved. After the contract was awarded the OCIP appeared. The entire project is $65 million and my clients contract is $1.4 million. My client never did a job with the GC before and the GC is a nationwide company. The GC is on the Forbes...
by etimer
Tue Jun 28, 2016 2:54 pm
Forum: Opinions
Topic: Certs - when will agents all get on the same page
Replies: 8
Views: 11995

Re: Certs - when will agents all get on the same page

I agree 100% that it is a way to float the money before writing the check. The original COI was good enough to let them on the job, they finish the job and then....oh we need a new updated COI. Guess what? We have problems with the COI and won't release the check. Poppycock!!!! I'm currently writing...
by etimer
Mon Jun 27, 2016 1:42 pm
Forum: Opinions
Topic: Certs - when will agents all get on the same page
Replies: 8
Views: 11995

Certs - when will agents all get on the same page

Been fighting a lot lately with the general contractors that my subs have contracted with. One example - Client has broad form AI that has the normal verbal about Any person that you have agreed by written and signed contract will be an Additional Insured. As recommended by many E&O attorneys we age...
by etimer
Mon Jun 27, 2016 1:22 pm
Forum: Opinions
Topic: OCIP and credits given
Replies: 7
Views: 11060

Re: OCIP and credits given

When my client originally quoted the job, they weren't told about the OCIP. SO after awarded the job, my client was sent the OCIP paperwork. In my opinion if they had originally known that the OCIP was in place, they could have bid higher and then if awarded the work, they would have had room to giv...
by etimer
Fri Jun 24, 2016 2:08 pm
Forum: Opinions
Topic: OCIP and credits given
Replies: 7
Views: 11060

OCIP and credits given

Ok to start off with yes I understand the claims efficiency, etc. that an OCIP brings to the table. My question is the credit that a subcontractor might give to an OCIP. If the General Contractor wants to have an AI status, the subcontractors insurance company limits are still at risk. So why should...
by etimer
Thu Jan 14, 2016 8:12 pm
Forum: Opinions
Topic: Workers comp ghost policy
Replies: 6
Views: 29091

Re: Workers comp ghost policy

I brought up the 1099 as an issue where the contract owner would think that any WC policy would be covering a worker that the contract owner would see on the job. I was just wondering what people thought of the arrangements. Our State Workers Insurance Fund may have something for the guy but there a...