Insurance Questions

N2PPN

New member
Hi everybody,
I am curious about insurance. I know that's a "loaded" question, but I am finding it difficult to "grasp" the finer aspects of insuring a power washing business.

First off I know that a BOP (Business Owners Policy) for Completed Operations and General Liability Insurance is a must (especially here in NY where the word "sue" is learned before the words "Mommy" or "Daddy") and a starting amount is about 2 Million aggregate with 1 Million per occurrence (not to mention personal injury and property damage).

The General Liability and associated insurance doesn't seem to be too hard to understand, what is hard to understand is the insurance industry's total lack of understanding of just what power washing really is. They either try to lump it into janitorial services or some other "fuzzy" category like "Waterproofing- By Pressure Application".

Is there a SPECIFIC classification code for Power Washing?? Or am I just dealing with a bunch of guys who are more interested in getting a commission check rather than seeing I get the right kind of insurance for a fair price??

OK, so who do YOU guys use for your BOP/General Liability Insurance?? What coverages do YOU have?? and if that's not enough to start a flurry of replies to this post, how do you insure a trailer mounted system?? The same guys at the insurance companies keep trying to insure it under an auto policy.... It is only insured under an auto policy WHILE IT IS ATTACHED TO THE VEHICLE and or IN MOTION.... when it is stationary and not attached to the vehicle (like when not in use) I need to insure it against vandalism and or theft... I understand this to be called "crime insurance"..

HELP!! :confused:

Any insurance guru's out there who might be a little familiar with this situation and possibly the NY area??

I'm getting a headache... All I wanna do is clean some stuff, not get all bogged down in idiocy...


Rich
www.rmepowerwashing.com
 

IndyExterior

New member
I have another company that has been around for a long time. When I tried to add the power washing as a separate DBA they said find another company or we will cancel you.

I asked; as a general contractor I could rent a power washer and turn anyone loose on it and they said that would be OK? But they said if I marketed as a power washing company with trained workers it wasn't OK because of the damage a PW could do.

Go figure.

These guys understand the business:

Message
JOSEPH D. WALTERS AGENCY, INC.
2706 South Park Road
Bethel Park, PA 15102
(800) 878-3808
(412) 831-8222
(412) 831-7498 FAX
 

N2PPN

New member
Hi everybody,

Wow! Thanks for the info. I have been talking with Joe's agency (seems he is out of town right now) and Che Che has been most helpful. I have a quote for the PW BOP insurance, now we are trying to get a "crime" policy on the equipment/trailer for theft/vandalism etc., but it seems that since my business is located on Long Island, Che Che says I am in a FLOOD ZONE and Joe might not be able to get me an equipment policy.... Sheesh!! Who thought it would be so hard to give someone my money??

Any ideas on equipment insurance??? I can LOJACK the trailer if it'll get me better rates, but I don't think pontoons would look right on a PW trailer do you??

Rich
www.rmepowerwashing.com
 

Ron Musgraves

Exterior Restoration Specialist
Staff member
Hi everybody,
I am curious about insurance. I know that's a "loaded" question, but I am finding it difficult to "grasp" the finer aspects of insuring a power washing business.

First off I know that a BOP (Business Owners Policy) for Completed Operations and General Liability Insurance is a must (especially here in NY where the word "sue" is learned before the words "Mommy" or "Daddy") and a starting amount is about 2 Million aggregate with 1 Million per occurrence (not to mention personal injury and property damage).

The General Liability and associated insurance doesn't seem to be too hard to understand, what is hard to understand is the insurance industry's total lack of understanding of just what power washing really is. They either try to lump it into janitorial services or some other "fuzzy" category like "Waterproofing- By Pressure Application".

Is there a SPECIFIC classification code for Power Washing?? Or am I just dealing with a bunch of guys who are more interested in getting a commission check rather than seeing I get the right kind of insurance for a fair price??

OK, so who do YOU guys use for your BOP/General Liability Insurance?? What coverages do YOU have?? and if that's not enough to start a flurry of replies to this post, how do you insure a trailer mounted system?? The same guys at the insurance companies keep trying to insure it under an auto policy.... It is only insured under an auto policy WHILE IT IS ATTACHED TO THE VEHICLE and or IN MOTION.... when it is stationary and not attached to the vehicle (like when not in use) I need to insure it against vandalism and or theft... I understand this to be called "crime insurance"..

HELP!! :confused:

Any insurance guru's out there who might be a little familiar with this situation and possibly the NY area??

I'm getting a headache... All I wanna do is clean some stuff, not get all bogged down in idiocy...


Rich
www.rmepowerwashing.com

Welcome Rich
 

Scott Stone

New member
Tell them that you will have a float tank, and let it be an empty water tank...

I use a local agent, but, he is the largest commercial insurance agent in the state. Make sure that when you are shopping that you only go with a dedicated commercial agent.
 

Larry Hinckley

Hall of Fame Member
Joe Walters is the top in our industry. He has been our agent for nearly 20 years and we have never had any problems with a claim. I have personally recommended him to thousands of contractors.
 
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