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Insurance

Hate Insurance companies? We’ve got you.

The “I” Word:

Insurance, for many people, almost seems like a dirty word. The mere mention of it can bring up feelings of anger and disappointment. And why is that? For many people, negative experiences with insurance agents or companies in the past have left a sour taste in their mouths. This can come from claims not being covered, or by feelings of deception. A lot of contractors especially have even been sold policies that don’t cover them for their work!

Insurance has often been referred to as “a necessary evil.” But like most things, it doesn’t have to be. When understood and handled correctly, it can be a valuable asset to your business as well as comfort in difficult times. The key takeaway from this is to find someone who truly understands insurance and will handle your policy correctly.  Failing to do so, will not only cause more frustration but potentially cost you thousands of dollars.

The Importance of having Proper Coverage:

Like most things in life, when buying an insurance policy, it is always better to do it right the first time. Unfortunately, a lot of contractors find the cheapest policy that can be signed quickly so that they can submit for their contactor’s license. Remember, just because it is the least-expensive or least time-consuming way to do it, doesn’t mean it is the right way to do it. Most policies purchased online are full of harmful coverage exclusions that negate coverage.

As covered in my article, “Exclusions: The Dark Side of Insurance,” exclusions are very detrimental to ones’ business and can end up costing a lot of money out of pocket. It really boils down to this, if you aren’t covered for your scope of your work, then you aren’t covered. It’s a simple concept, yet so many people have difficulties doing this. Essentially, they are throwing money away each month on insurance that doesn’t help them in the long run.

Our Insurance Solution:

While we focus on education, we are able to refer contractors to some of the most educated insurance companies in the business. One of which, is Summit Risk Management and Insurance. They have over 30 years of experience and are masters in reviewing insurance policies as well as construction contracts. They will make buying insurance for your business a painless process. With an emphasis in efficiency, they can, in some cases, get quotes to you on the same day.

This solution is not exclusive to one state. While based in Utah, Summit works with contractors all across the country. Here at 123 contractor Education, we branched into Oregon this year, and will continue to expand. You shouldn’t hate insurance companies. They are meant to help give you peach of mind, not headaches. The experienced professionals at Summit will make the insurance purchasing process as painless as possible.

So, what do I do now?:

Now that you know how important it is to have proper coverage, it’s time to get some coverage. Give Summit a call today to get some quotes! They will fill a out a form with you to collect some information about your business and start the quoting process right away. Don’t waste any more time worrying about your insurance. Let Summit Risk Management & Insurance help you build a better business today.


By Gator Hunter

As our Marketing Director, Gator handles all of the marketing for 123 Contractor Education. Primarily, Search Engine Optimization, marketing campaigns, and our company’s social media. He is an Arizona State alumni and a current Masters of Marketing student at the University of Alabama.

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