Equipment floater is for your mobile property that goes with you from job to job such as tools and equipment. There are two different types of coverage; Scheduled and Unscheduled. Unscheduled coverage is written for small items ($500 max per item). Scheduled coverage costs less, but we would need the year, make, model & serial number, and value of the items.
Builders Risk covers a new home or new commercial building while it is under construction. Endorsed by the Arizona Home Builders Association, our policy covers theft of materials from the job site as well as Fire, Lightning, Windstorms and Vandalism. Our policy features a continuous reporting of new starts, covering everyone’s interest at the time of the loss as well as covering soft costs that may include your profits. We also have policies that cover Remodel (new materials only) or Restoration (existing building and new materials).
Provides coverage for the Named Insured (your business entity) for Bodily Injury and Property Damage (not your employee) and caused by you (or your employee’s negligence). This coverage is at your premises, your work place, or even after you have completed your work and months later someone claims to have suffered a bodily injury or some property damage due to you not doing your job correctly. The limits of liability available are $300,000 per occurrence $600,000 aggregate OR $500,000 per occurrence $1,000,000 aggregate OR $1,000,000 per occurrence $2,000,000 aggregate. The Aggregate limit is the most the company will pay in a 12 month policy term and is usually twice the occurrence limit. Other limits that are provided (at no additional charge) are $50,000 for Fire legal liability, $5,000 for Medical payments, and $1,000,000 for advertising and personal injury.
Your general liability premium will be calculated based on how many people you have out in the field doing the work that could negligently cause a bodily injury or property damage. Some companies use the number of full time and part-time people, and other companies use payroll to determine your premium. They will also charge (though at a much lower rate) for your cost of subcontractors. If you have certificates of insurance on those subs, they will charge the subcontractor rate. If you do not have a certificate from the subcontractor – they will charge like he is your employee (which is a much higher rate). These policies are AUDITABLE.
AmeriAgency Insurance Agency for your Work Comp Needs
Covers your business entity for injuries suffered by your employees. Statutory benefits are paid to injured employee and employer’s liability. The limit covers you in case you are sued due to a work related injury. Contractors Insurance Agency works hand in hand with Trigon Staff Administrators to assist in securing Workers’ Compensation policies; handling claims, quarterly or monthly premium reports, policy audits, certificate requests, loss run requests and deposit requirements.
Trigon Staff has always been sensitive to the requests of large deposits that are required to bind a Workers’ Compensation policy. We have been effective in assisting the client with those requirements. Trigon Staff will work diligently with their clients to satisfy the policy deposit. In many cases, our clients do not pay Workers’ Compensation deposits.
Trigon Staff provides reporting on your claim history containing detailed information on the claim, amount paid and description of incident. The report can be produced by month, year, or for the duration of the policy. All reports are provided to our clients in a PDF format for ease of use.
Employers dealing directly with Workers’ Compensation carriers on an individual basis provide an estimate of gross wages for the policy period. At the end of the year, the carrier audits the employer and either refunds the balance of premiums collected over the estimate or collects additional premium to compensate for the low estimate. AmeriAgency’s relationship with some of our Workers’ Compensation carriers allow for the premium to reflect accurate weekly wages, thereby eliminating under or over payments and helping the client avoid any large premium payments due at the end of the policy period.
Business Automobile coverage is for any vehicle owned by a business or any pick-up truck or van owned by a sole proprietor and used for business. The liability limit is a combined single limit for all bodily injury and property damage caused to another person. There is no “per person or per accident” limit within the overall limit. Coverage for damage to your own vehicles would be comprehensive & collision. Comprehensive and collision can be written with deductibles $250, $500 or $1,000. The higher the deductible, the lower the cost. Non-owned & hired auto coverage is for when you have employees that are using their own vehicles in your business, or you need to hire an additional vehicle. This is a liability only coverage. However, comp and collision can be purchased for an additional cost. If the only vehicle you own is titled to your corporation, you also need Broad Form Drive Other Car insurance (BFDOC). Please feel free to ask about this coverage. This is a brief overview of some key elements of Business Auto coverage. It is not intended to be a comprehensive analysis. You should always read your policy for complete descriptions of coverage’s and limits as well as conditions and exclusions and ask your agent if you have any questions.
Bonds are not like insurance, they’re more like banking. The bonding company never expects to pay a claim, and if they do you have indemnified them corporately and individually so they can go after any asset you own to pay them back! Bonding companies underwrite the risk at the Bid bond level so they can write the performance & payment bond if you are awarded the bid. *If you have a good credit score (over 675), we offer a “Line of Surety” up to $250,000 per job and $400,000 aggregate. If your bid was more than 10% lower than the next lowest bid you will need to explain to the bonding company why you can do the job for so much less. (take note of the 3 bids above you)
