CSIS Insurance Services, Inc.
  • Home
  • Quotes
    • Cyber Insurance Quote
    • Contractors Insurance Quote
    • Workers' Compensation Quote
    • Business Insurance Quote
    • Commercial Auto Insurance Quote
    • Business Owners Package (BOP) Insurance Quote
    • Course of Construction Quote
    • Inland Marine/Tools/Equipment Coverage Quote
    • Commercial Umbrella Insurance Quote
    • Commercial General Liability Quotes
    • Commercial Property Insurance Quote
    • Surety Bond Quote
    • General Liability Insurance Quote
    • Trucking Insurance Quote
    • Commercial Building Insurance Quote
  • Service
    • Report a Claim
    • Update Contact Info
    • Policy Changes
    • Certificate of Insurance
    • Contact My Carrier
    • Online Documents
    • Free Consultation
  • Insurance
    • Cyber Insurance
    • Contractors Insurance
    • Workers' Compensation
    • Business Insurance
    • Commercial Auto Insurance
    • Business Owners Package (BOP) Insurance
    • Commercial General Liability Insurance
    • Commercial Property Insurance
    • Surety Bond
    • General Liability Insurance
    • Trucking Insurance
    • Commercial Building Insurance
  • About
    • Why Choose CSIS
    • CSIS Brochure
    • Staff Directory
    • Client Testimonials
    • Refer a Friend
    • Insurance Carriers
    • Agency Photo Gallery
    • Helpful Links
    • Accessibility Statement
    • Blog
  • Contact
  • Home
  • Quotes
    • Cyber Insurance Quote
    • Contractors Insurance Quote
    • Workers' Compensation Quote
    • Business Insurance Quote
    • Commercial Auto Insurance Quote
    • Business Owners Package (BOP) Insurance Quote
    • Course of Construction Quote
    • Inland Marine/Tools/Equipment Coverage Quote
    • Commercial Umbrella Insurance Quote
    • Commercial General Liability Quotes
    • Commercial Property Insurance Quote
    • Surety Bond Quote
    • General Liability Insurance Quote
    • Trucking Insurance Quote
    • Commercial Building Insurance Quote
  • Service
    • Report a Claim
    • Update Contact Info
    • Policy Changes
    • Certificate of Insurance
    • Contact My Carrier
    • Online Documents
    • Free Consultation
  • Insurance
    • Cyber Insurance
    • Contractors Insurance
    • Workers' Compensation
    • Business Insurance
    • Commercial Auto Insurance
    • Business Owners Package (BOP) Insurance
    • Commercial General Liability Insurance
    • Commercial Property Insurance
    • Surety Bond
    • General Liability Insurance
    • Trucking Insurance
    • Commercial Building Insurance
  • About
    • Why Choose CSIS
    • CSIS Brochure
    • Staff Directory
    • Client Testimonials
    • Refer a Friend
    • Insurance Carriers
    • Agency Photo Gallery
    • Helpful Links
    • Accessibility Statement
    • Blog
  • Contact

CSIS Insurance Services, Inc. Blog

How to Take Advantage of Your Contractors Insurance

5/28/2020

0 Comments

 
Picture
​When was the last time you visited your policy and read every single clause? There might be loopholes in your policy that may be a hindrance to not get the most out of it. So we'll walk you through the things you need to know to take advantage of your contractor's insurance.
Add-ons for Your General Liability Coverage
Your general liability policy does not usually have specific clauses to cover faulty workmanship problems. But it is essential to know that you can add an endorsement to cover such claims. The Faulty Workmanship endorsement offers a cap of up to $10,000. Another best thing about adding this endorsement is that it's cheap! However, it can only be added to selected general liability policies.
 
Know the Right Policy for Your Claims
Different types of policies often overlap in terms of what it covers. For example, there is an incident that resulted in structural damage on your site, and you have been covered by builder risk and general liability policies. The Builders Risk policy will cover the unforeseen and unwanted events during your ongoing construction. On the other hand, the GLC policy will cover your property damage. 

If you file your claim on your general liability coverage, you will realize that it is more costly in the long run. So it is better to consult your advisor to have deeper insights in case such things happen. 

Learn the Limits to Your Coverage
Do you know up to what extent your policy can only cover? If not yet, you should allot some time to review your policy. See if there are clauses in your policy that doesn't cover your needs. It is also important that you know your risk and available cash flow before discussing possible revisions with your provider. 

Research About The Most Common Claims
For sure many would take an interest if you have new equipment in your workplace. Research shows that the most common filed claims are about theft. The numbers show that 75% of stolen equipment is only five years old and below. So it might be concluded that the newer the equipment, the more prone it is to burglary. 
 
Identify Policies to Combine
You might think about parceling your policies and getting different kinds from different providers. But what you might not realize for some time is that it will usually cost you big. So, it is more recommended that you get all your policies from the same broker or provider. They offer big discounts for getting multiple products from them.

It is also a big plus to your savings if you can go for a long time without incidents. Maintaining your utilization low will not cause higher premiums when renewing the policy.

Consult with Your Provider Regularly

Your broker or provider should always know about the recent changes that you have made. Informing them will do you better, for they can suggest additional policies that might cater to your changing needs. 

Use Your Coverage for PR
By knowing that you and your employees are well-protected, your customers will be more enticed to do business with you. Use your coverage as a business asset that can be used to attract more clients. Let the world know by posting it on your site, social media accounts, and through your other means of advertising. 

At CSIS Insurance Services, Inc., we do our best in making sure that our clients are well-protected with affordable and comprehensive policies. We make sure to go the extra mile to help you with your needs. To learn more about how we can help you, please contact our agency at (888) 501-2747 or Click Here to request a free quote.
0 Comments



Leave a Reply.

    Contact Us

    (888) 501-2747​
    3315 Old Conejo Road
    Thousand Oaks, CA 91320​
    Click Here to Email Us

    Archives

    December 2022
    November 2022
    October 2022
    September 2022
    August 2022
    July 2022
    June 2022
    May 2022
    April 2022
    March 2022
    February 2022
    January 2022
    December 2021
    November 2021
    October 2021
    September 2021
    August 2021
    July 2021
    June 2021
    May 2021
    April 2021
    March 2021
    February 2021
    January 2021
    December 2020
    November 2020
    October 2020
    September 2020
    August 2020
    July 2020
    June 2020
    May 2020
    April 2020
    March 2020
    February 2020
    January 2020
    December 2019
    November 2019
    October 2019
    September 2019
    August 2019
    July 2019
    June 2019
    May 2019
    April 2019
    March 2019
    February 2019
    January 2019
    December 2018
    November 2018
    October 2018
    September 2018
    August 2018
    July 2018
    June 2018
    May 2018
    April 2018
    March 2018
    February 2018
    January 2018
    December 2017
    November 2017

    Categories

    All
    Auto Insurance
    Business Insurance
    Business Owner Insurance
    Business Owner's Package (BOP) Insurance
    Commercial Auto Insurance
    Commercial General Liability Insurance
    Commercial Property Insurance
    Contractors Insurance
    Cyber Insurance
    FAQs
    Financial
    Insurance
    Local
    Safety
    Workers' Compensation Insurance

    RSS Feed

California License Number: ​0D80851

Navigation

Homepage
Insurance Quotes
Policy Service
Insurance Products
Contact Us
Agent Login

Connect With Us

Share This Page

Contact Us

CSIS Insurance Services, Inc.​
3315 Old Conejo Road
Thousand Oaks, CA 91320
(888) 501-2747​
Click Here to Email Us
Review Us

Location

Website by InsuranceSplash