News & Views

I KNOW I’M COVERED. WHO PAYS TO DEFEND ME?

Have you ever been sued?  If you’re in most any business long enough the odds are you will face some kind of litigation sooner or later.  Maybe you already have.  If so, your general liability insurance company probably paid to defend you.  These defense costs did not reduce the limit of insurance in your policy.  That’s how most general liability policies work, including those sold by the RWC Insurance Advantage.  But, this is not a…
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MOST RISK FOR ACCIDENTS – 5 AREAS

In our February 2019 blog we discussed the 7 BASICS of a good loss control program.  But, where do you have the most risk for accidents?  Obviously, knowing this will allow you to focus your loss control efforts more efficiently.  It turns out most businesses have the greatest risk in 5 AREAS. These suggestions are intended as a rough guideline to help you get started in establishing a loss control program.  If you already have a program, it…
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LOSS CONTROL – THE 7 BASICS

In an earlier blog (July 19, 2017) we talked about how safety meetings can LOWER YOUR INSURANCE COSTS by earning you UP TO 25% DISCOUNT off your first year’s general liability premium, if you are new to our program, or at your next renewal.  But what if you don’t have a formal loss control program?  You may be doing a lot to ensure a safe jobsite, but how do you prove it?  Then too, you may have been intending…
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WE CAN SAVE YOU MONEY ON YOUR GENERAL LIABILITY

Wait a minute.  Did your eyes deceive you?  An insurance company claiming to save you money on your insurance?  How unique!  This is either a clever twist on a very old theme, or the author is running out of ideas.  The RWC Insurance Advantage offers a range of insurance products, but our bread & butter is general liability.  In most states we offer this coverage two ways:  occurrence or claims-made.  What’s the difference?  Most businesses…
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TOTAL COST, PAYROLL, ISO, GL CLASSIFICATIONS – YAWN

I’ll be up front about this.  You might want to save this blog for some night when you’re having trouble falling asleep.  However, if you’ve received a premium audit of your general liability (GL) policy and you’re being charged premium for things you don’t do, you may want to stay awake and keep reading. As a general contractor, most of your GL premium is based on your “total cost” to build your homes.  For the…
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RIA ADDS WORKER’S COMP

The RWC Insurance Advantage (RIA) is proud to announce the addition of Risk Exchange to our growing list of insurance partners. Risk Exchange handles Worker’s Compensation Coverage for us in a number of states.* This is a big deal for RIA. As you are probably only too aware, finding worker’s comp when you are a general contractor can be challenging. If you’ve ever wondered why that is, maybe a story will help to explain: A…
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MEMBERSHIP HAS ITS PRIVILEGES

Membership has its privileges?  Yeah, right! you may be thinking.   Advertising one-liners like that used to be called bromides.  Bromide:  A trite and unoriginal idea or remark, typically intended to soothe or placate.  Frankly, we want your business.  Like our competitors, we want to distinguish ourselves in your mind so that you will want to do business with us.  Doesn’t everyone do the same?  And yet, most people are suspicious of statements, or bromides, like the…
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WHEN IS A CLAIM A CLAIM? – CONSTRUCTION DEFECTS

In last month’s blog we talked about one of the main kinds of losses covered by general liability insurance: premises / operations, or coverage for “trips and falls” by members of the public. We saw how these claims aren’t always reported when they happen. In fact, the claimant may not even know they are hurt for days. This is one reason why it is vital to have an established incident reporting procedure and to make…
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WHEN IS A CLAIM A CLAIM? PREMISES / OPERATIONS or “TRIP & FALL” COVERAGE

Its Summer.  You’ve been taking advantage of the good weather to complete several single family homes you started late in the Spring.  Progress has been rapid.  In fact, you’re ahead of schedule.  Then, you get a call from one of your jobsites.  A woman tripped over a piece of scrap lumber and fell on the sidewalk in front of one of your nearly finished houses.  None of your crew saw it happen since they were…
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LIFE IS IN THE DETAILS — OR — I THOUGHT YOU BOUGHT BUILDERS RISK!

Hypothetical situation. Let's say you've been contracted to build a custom home by someone who was referred to you by a satisfied customer. This individual owns the land and is financing the project out his own pocket. You are the general contractor with complete authority over the entire project. The single family home you're building is a typical design and requires nothing out of the ordinary. Construction proceeds without a hitch. Then, with the house about…
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