Roberts Insurance Group Blog |
When it comes to auto insurance in Georgia, everyone wants to make sure they're getting the best rate and not overpaying. With the rise in liability claims in Georgia over the last decade, that has become increasingly harder to accomplish. Lucky for you, we've outlined a few things you can do to make sure you're getting the very best rate on your auto insurance without sacrificing coverage: #1: Work With An Independent Agent
#2: Take Advantage Of The Multi-Policy Discount
#3: Telematics Discounts
#4: Pay In Full Discount
#5: Electronic Document Delivery Discount
These are just a few of the things you can do to save money on your auto insurance premium in Georgia. If you aren't currently working with an independent insurance agent that you like, we would love to earn your business at the Roberts Insurance Group! You can give us a call at 678-250-8133 or click below and we'll get to work on saving you money on your auto insurance today!
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As a Georgia plumber, there is a lot to be worried about. Having the right Plumber Insurance plan in place is critical to making sure your business is properly covered and that your business won't be ruined financially from an accident. Getting the right coverage for Georgia plumbers is something we specialize in at The Roberts Insurance Group. The coverage packages that we put together will take care of your worries without breaking the bank. What Is A Good Coverage Plan For Georgia Plumbers? As a Georgia plumber, there are several different policies and coverage that your business needs to be properly covered: General Liability Insurance As a plumber or plumbing company, General Liability Insurance is meant to protect your business if an employee or subcontractor is liable for damage to someone else's property or if they cause bodily injury to someone else. Accidents happen and when they do, there can be some very large settlements involved, especially in Georgia. This is why it is important to have sufficient General Liability coverage as a part of your Plumbers Insurance plan. Workers Compensation Insurance Workers comp will pay for the medical bills and lost wages of your employees if they get injured on the job. If you don't have workers comp, your business is likely to go under with the amount of damages you'll be liable for. Commercial Auto Insurance Commercial Auto Insurance is another must-have for plumbers in Georgia. Vehicles used for business purposes would not be covered on a personal auto policy. Getting in an accident and having a claim denied would ruin your whole business with the amount of liability lawsuits and settlements that occur in Georgia. Property Insurance Coverage This coverage would cover your building and other property like computers and tools. Installation Floater Installation floater coverage is vital for plumbing businesses in Georgia. This coverage is designed to cover property that is being installed. Pollution Liability Insurance- Including Mold Coverage This is a commonly forgotten coverage for Plumbers in Georgia but we think it is very important. Pollution Liability will cover damage from mold or fungus if there is incorrect installations, improper sealing, wet materials, or other errors. Also, if you fail to properly locate underground utilities and cause a leak, pollution liability will pay for the damages. These examples are not covered under General Liability Insurance. Employment Practices Liability Insurance For any business that has employees, it is important to have Employment Practices Liability Insurance to cover your business if you're involved in a lawsuit by an employee or applicant due to unlawful employment practices. These claims are becoming very common in Georgia. Business Service Bonds Another coverage outside of the average Plumber Insurance package is Business Service Bonds or a Fidelity Bond. This is a form of insurance that covers policyholders for losses caused by dishonest acts of the businesses employees. These bonds are very inexpensive. If you're a plumber or plumbing company, give us a call at The Roberts Insurance Group at 678-250-8133. We specialize in working with Plumbers and contractors and have the knowledge, insight, and carrier access to ensure your Georgia Plumbing business stays safe and keeps your premiums as low as possible. The Roberts Insurance Group is a Georgia Insurance Broker specializing in commercial and personal insurance for our clients throughout the state of Georgia. We help our clients lower their cost of insurance with our superior claim and risk management expertise and our extensive carrier access. We are in the business of building relationships with our clients to help them grow and succeed. Contact us today to see what we can do for your family or business. As with any contractor or business, electricians and electrical companies need a well-rounded risk management plan and insurance program. Something unique to electricians is the increased liability exposure they face long after they leave a job site. This is what makes insuring electricians a little unique compared to other contractors. Once an electrician leaves a job site, the work they've done will carry liability risk for decades to come. Why? Because if there is an issue with the electrical installation, it usually doesn't present a problem until down the road. When a claim does arise, it is typically much larger and causes much more damage than claims with other trades and contractors. House and building fires from electrical systems are much larger claims, both for property damage and bodily injury, than the claims we see with other artisan contractors like plumbers, painters, HVAC contractors, landscapers, and roofers. This is why it is so important to make sure your electrical company's risk management plan and insurance package is properly put together. What Makes Up A Good Insurance Package For Electricians? General Liability As with all businesses, electrical companies need general liability insurance to protect them from bodily injury and property damage claims that they may be liable for. General liability for electricians should also include completed operations coverage, so that the company is covered for any damages after the work is complete. Business Property and Inland Marine Electricians tend to carry a lot of tools and materials with them. It is vital that their tools are covered from losses anywhere their job might take them, which is why business property and inland marine coverage is necessary. Commercial Auto Not only is this coverage necessary to get on to a job site, it provides liability protection from any accidents while away from the job site as well. Electricians tend to be on the road a lot within a defined radius. With this exposure, it is necessary for electrical companies to have sufficient liability limits on their commercial auto policy. Workers Comp As any business with employees, you need to carry workers comp in case your employees get hurt while on the job. Whether it is in an auto accident, job site accident, or a slip and fall at the warehouse, your employees medical expenses and lost wages will be paid by an insurance company so that your business doesn't go under after an accident occurs. Contractors Errors And Omissions (E&O) For electrical companies that work on larger projects, it is crucial to carry errors and omissions coverage. Why? Because if there is a claim that arises from your work, the subsequent damage would be covered by the General Liability. HOWEVER, the cost to fix/replace your work would not be covered without an E&O policy. For companies that are working on larger jobs, not having this coverage could cost you tens of thousands of dollars down the road. What Makes Up A Good Risk Management Plan? The key factor and driving force to reducing your insurance premiums, keeping your costs as low as possible, and increasing profits is to minimize claims. Having an insurance policy or package isn't enough. If you have frequent or sever claims, the cost for your coverage will skyrocket and you'll end up paying 2-3 times more than your competitor. The way to avoid this is to have a good risk management plan in place: Safety Training Having a formalized training program is necessary to limiting claims for your electrical company. This helps ensure jobs are done properly, which limits the number of claims along with the severity. Return To Work Program Accidents do happen and employees get hurt- even if you take every precaution. When employees get hurt, it is important to have a return to work program in place with light duties. This will get injured employees off of workers compensation and back into the workforce. Minimizing the amount that your workers comp carrier pays out for claims is one of the best ways to keep your workers comp premiums down long-term. Driver Training Driver training programs help promote good driving habits for employees that are driving company vehicles, which will lead to safer driving and less accidents. Other things employers are doing to limit claims is providing rewards for good driving, like bonuses or punishments for accidents, like forcing the employee to pay the deductible from their paycheck. Another great way to promote good driving is with the use of technology. There are GPS and telematics programs available that give driving data back to the home office, which allows the company to monitor and critique their employees driving habits. Post Accident Reporting Much like having a return to work program, post-accident reporting is crucial to limiting the fall out from job site and auto accidents. The sooner the claim is reported, the sooner the insurance company can step in to settle the claim. The more time that goes by, the more likely it is for attorneys to get involved and increase the severity of a claim pay out. Job Site Inspections Having random job site inspections is another great way to ensure your company is being as careful as possible. These spot checks will keep employees on their toes and ensure they're acting in accordance of company policy and OSHA compliance. If you're an electrician or electrical company and your agent is not having these conversations with you, give us a call at The Roberts Insurance Group at 678-250-8133. We specialize in working for electricians and contractors and have the knowledge, insight, and carrier access to ensure your Georgia Electrical business stays safe and keeps your premiums as low as possible. The Roberts Insurance Group is a Georgia Insurance Broker specializing in commercial and personal insurance for our clients throughout the state of Georgia. We help our clients lower their cost of insurance with our superior claim and risk management expertise and our extensive carrier access. We are in the business of building relationships with our clients to help them grow and succeed. Contact us today to see what we can do for your family or business. |
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February 2022
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