Welcome! Here are the website rules, as well as some tips for using this forum.
Need to contact us? Visit https://heatinghelp.com/contact-us/.
Click here to Find a Contractor in your area.

COMMERCIAL STEAM BOILER GENERAL LIABILITY INSURANCE

MGREGORETTI
MGREGORETTI Member Posts: 9
in THE MAIN WALL
Hello Heating HeIp,
I am semi retired and have a small commercial Boiler service business with sales of about 250,000 annually , Due to a paperwork malfunction my current carrier is dropping my policy ( Paperwork was not filed on time for audit) ( No claims )
My current agent is having a hard time locating another carrier - it seems that no one wants steam boilers
Any advice or direction to a carrier would be greatly appreciated
Thanks for your help
Mike G.

Comments

  • EBEBRATT-Ed
    EBEBRATT-Ed Member Posts: 16,298
    I think the agent needs to work harder
  • STEVEusaPA
    STEVEusaPA Member Posts: 6,505
    I went through this with a kinda similar situation. Seems like the ins co. was looking for a reason to drop you. It takes a little while to actually 'drop' you, with proper noticing. I complained my way up the chain to keep my insurance active (renew), which bought me some time to find a new company, and I got it at a better rate.
    A local/state/national trade association should be able to help you with some recommendations.
    I wouldn't totally blame the agent. I literally called 10 'recommended' companies. Only 5 called back. And out of that 5, only 2 quoted me, and I picked one of them. I'm not that small of a company, I had no loss history for over 20 years, no driving incidents, not even a ticket.
    If there's a trade show in your area, there's usually a bunch of insurance people there too.

    There was an error rendering this rich post.

  • EBEBRATT-Ed
    EBEBRATT-Ed Member Posts: 16,298
    Good points Steve. Need to find an agent that specializes in insuring small contractors
  • jumper
    jumper Member Posts: 2,384
    What state are you in? Insurance companies gradually abandon places where courts have gone rogue. Lawyers love situations where B&M insurance fights with service company's insurance with owner's insurance.....
  • MGREGORETTI
    MGREGORETTI Member Posts: 9
    thank you for the reply
    I am in NY , Long Island
    not blaming the agent - apparently they are having trouble locating a carrier that will accept a company that works on steam boilers , I was with BERKSHIRE HATHAWAY and the agent is having trouble locating another carrier that will take a company that works on steam boilers. apparently steam boiler is a dirty word to most insurance companies.
  • Steamhead
    Steamhead Member Posts: 17,333
    Try Federated Insurance.
    All Steamed Up, Inc.
    Towson, MD, USA
    Steam, Vapor & Hot-Water Heating Specialists
    Oil & Gas Burner Service
    Consulting
  • MGREGORETTI
    MGREGORETTI Member Posts: 9
    Dear STEAMHEAD, Thank you for your reply
    I just spoke to federated - they are not writing policies in my area - Nassau county NY
    Does anyone have any other suggestions ??
  • JUGHNE
    JUGHNE Member Posts: 11,262
    Nationwide seems to work for me.
    dko
  • MGREGORETTI
    MGREGORETTI Member Posts: 9
    CONTACTED NATIONWIDE
    IT APPEARS THAT THEY ARE THE SOLUTION
    THANK YOU FOR YOUR HELP
    HAPPY NEW YEAR
    dkoJUGHNECLamb

Categories