+- Encapsulation carpet cleaning and commercial carpet care forum by Excellent-Supply.com & Releasit (https://forum.excellent-supply.com)
+-- Forum: Forum Home (https://forum.excellent-supply.com/forumdisplay.php?fid=1)
+--- Forum: GENERAL DISCUSSION (https://forum.excellent-supply.com/forumdisplay.php?fid=2)
+--- Thread: Adding Clients to your Insurance Policy as Additional Insured (/showthread.php?tid=401)
Adding Clients to your Insurance Policy as Additional Insured - Derek - 04-06-2013
i am fed up with this, but realize it is a necessary evil, at least in NYS it is.
anyone else come across 1 or 5 prospects per year that will give you the $400 job but you are required to add them to your policy as Additional Insured?
costs me about $250 for each company i add to my Additional Insured list
i put it back on them and let them know the deal. yesterday a prospect wanted $136 of halls cleaned. then they remember that i have to list them as Additional Insured. after a lot of irritation i call her back and say the best i can do is if her company pays for half of the $250 it'll cost me. so i'd still have to pay $125 out of my pocket to the Insurance Co., and then i bill her (the Client) $261. she declined.
any one else have to pay this silly fee for adding Client's to the Additional Insured list?
RE: Adding Clients to your Insurance Policy as Additional Insured - Athos - 04-06-2013
I use Statefarm out here in CA. I pay around $25.00 for additional insured.
RE: Adding Clients to your Insurance Policy as Additional Insured - David-Hebert - 04-06-2013
guess I am lucky I do not pay anything
RE: Adding Clients to your Insurance Policy as Additional Insured - wecarecleaningservices - 04-06-2013
Another lucky one here too. We don't pay anything. Found it is a VERY effective tool to offer it up when working to develop new prime commercial accounts.
RE: Adding Clients to your Insurance Policy as Additional Insured - prodrying - 04-06-2013
I have to add 1 - 5 a year like you Derek. So for though they don't charge me. They used to charge me 25.00 years ago before I had to have a pollution policy in addition to my GL. Since I switched to the duel GL /PCL they haven't charged me. Probably because they already get an enormous amount of money a year from me.
RE: Adding Clients to your Insurance Policy as Additional Insured - TheCleaningDude - 04-07-2013
They don't charge me either. I email my agent, tell her who needs to be on the COI and the next day it's sent to me.
I also agree about it being an effective tool.
Derek, you need to find out if this is a junk fee your agent is charging you or what.
(04-06-2013, 06:51 PM)wecarecleaningservices Wrote: Another lucky one here too. We don't pay anything. Found it is a VERY effective tool to offer it up when working to develop new prime commercial accounts.
RE: Adding Clients to your Insurance Policy as Additional Insured - NJP - 04-07-2013
Wow, I've never been charged for add on's. Change your insurance carrier. JMO
RE: Adding Clients to your Insurance Policy as Additional Insured - DON ELDRED - 04-07-2013
Need to do it for several clients never been charged
RE: Adding Clients to your Insurance Policy as Additional Insured - FloorCareMD - 04-07-2013
Never been charged either. Did have one customer of 13 years recently demand we now carry 5 million$$ GL AND!!! 5 Million$$ auto policy (???) AND!!!! we would have to pay a yearly "membership" fee.. It was an office trailer
RE: Adding Clients to your Insurance Policy as Additional Insured - encapman - 04-07-2013
Add me to the list of ones who haven't been charged for adding new clients.
RE: Adding Clients to your Insurance Policy as Additional Insured - Derek - 04-07-2013
GRRR must be a NY thing?!
y'all are fortunate, i'm jealous. i am going to call around on Monday and see what other insurance companies say about this.
RE: Adding Clients to your Insurance Policy as Additional Insured - TheCleaningDude - 04-07-2013
Call your agent as well.
Who bills you for the add-ons? The actual carrier or your agency?
(04-07-2013, 02:20 PM)Derek Wrote: GRRR must be a NY thing?!
y'all are fortunate, i'm jealous. i am going to call around on Monday and see what other insurance companies say about this.
RE: Adding Clients to your Insurance Policy as Additional Insured - Derek - 04-09-2013
glad i called around and then spoke with my insurance agent!!
if i want to add a company to my additional insured it is $200 for 1 year, but i can have a company added temporarily (for a day or 3) for $20...perfect!!
tx for the advice y'all --- Derek.
PS, Damon the carrier charges us, not our insurance company. we could go with other carrier's who have a $25 per year fee, BUT those carriers premiums are double what we pay with this carrier.
RE: Adding Clients to your Insurance Policy as Additional Insured - prodrying - 04-09-2013
Thanks for the update Derek. That is good information to know.