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COMMERCIAL STEAM BOILER GENERAL LIABILITY INSURANCE
MGREGORETTI
Member Posts: 9
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.
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.
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Comments
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I think the agent needs to work harder0
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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.
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Good points Steve. Need to find an agent that specializes in insuring small contractors0
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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.....0
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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.0 -
Try Federated Insurance.All Steamed Up, Inc.
Towson, MD, USA
Steam, Vapor & Hot-Water Heating Specialists
Oil & Gas Burner Service
Consulting0 -
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 ??0 -
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