Posted by NCWayne on September 25, 2011 at 21:57:21 from (69.40.232.132):
With Dad having decided to do something different 'in his old age' the business has been handed over completely to me. Though I have always been self employeed so far as who I worked for customer wise, etc, etc, technically the way we had things set up I was still working for Dad's company for insurance purposes, etc and the service truck was kept in his name. Now all that is changing with me taking over completely. It's about time to renew everything insurance wise so as part of taking over I've been shopping for insurance, both general liability, and commercial (heavy truck) vehicle.
Dad has been with the same people for the liability forever, and the truck insurance has been with a couple of different carriers over the past 12 year. I'm basically just shopping around now trying to compare rates and coverage and see if can do any better from anywhere else. Til now things have always been seperate but I know that often you can get a better rate from a single carrier that can bundle the policies together so I'd like to go that route if possible. However if I have to use two different ones just to get the insurance, or possibly to get a better rate, I'll do that too.
What I've been told so far is that the truck insurance is easy, but as far as the liability insurance is concerned, what I do has no real classification in the insurance books. By that I mean if I was a fixed repair facility/shop, then there is a 'code' for that, but because I'm mobile and do most of the work on site, because I work on everything from small engines to farm tractors to earthmoving equipment to forklifts to cranes, and because I the services I provide range from mechanical repairs to welding to portable machine work, I'm not normal. Because what I do isn't 'normal' it doesn't fall into any one classification so it's hard to find an insurance company that has a policy to cover me. However I was also told by the old insurance guy that normal liability from most carriers should cover 99.999% of everything I do, and that he can do that and that it isn't that expensive. However when you throw in working on anything 'hydraulic' the rate goes through the roof, literally. No one else I talked to about the liability ever asked me anything at all about hydraulics, and in fact when it was mentioned seemed to expect that is just part of working on construction equipment. In the end I'm more confused than I was when I started calling. I mean most dealerships, be they farm equipment or construction equipment, has a field service department, and the construction equipment dealers also do welding, and portable machine work......So what makes me so special except that I am one guy doing everything instead of a several different guys in a huge department each doing only one of those things?????????? Not to mention I have been doing this type of work since before I was in my teens so I'm not some extreemly risky, trade school grad, inexperienced startup doing this kind of work for the first time.....
All of that said, I know many of you on here are self employeed doing various things, including equipment repair, and may of you have heavy trucks also. So, my question. Who do you have your liability insurance or heavy commercial vehicle insurance through now? Too, who all have you had any experiences with, talked to, etc and, from that group, based on that interaction, who would you recommend for either or both types of insurance????
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