Frequently Asked Questions

If a claim occurs immediately contact your agent or broker. They will then ask you a series of questions regarding the claim. Try to gather as much information as you can.

In a hold harmless agreement, one party (the indemnitor) promises to reimburse, and in some cases defend, the other party (the indemnitee) against claims or suits brought against the indemnitee by a third party. The purpose of the hold harmless is to transfer the risk of financial loss from one party (the indemnitee) to another party (the indemnitor).

Worker’s Compensation is not required if you have no employees. You can exclude yourself from Worker’s Compensation by obtaining a waiver of Subrogation.

Employees have no coverage with respect to injuries sustained by the named insured, its partners or members, or to another employee or volunteer

A Certificate of Insurance is a document which shows the insureds name, liability limits, effective dates of the policy and also the brokers name and address. This form is often requested from clients in order to show proof to insurance or from villages or towns in order to full permits.

Construction contracts frequently require contractors to add other parties to their liability policies as additional insureds. It is a second layer of protection for the contractual indemnity agreement. Additional insured can submit claims directly to the insurer without first filing a claim against the named insured.

If you want to lower your monthly premium, or buy more coverage for less money, one way is to carry a higher deductible. A higher deductible also may make sense if you believe that your chances of making a claim are remote enough to warrant assuming extra financial risk.