ECN Electrical Forum - Discussion Forums for Electricians, Inspectors and Related Professionals
ECN Shout Chat
Shout Box
Recent Posts
VDE 0100 to introduce AFCIs
by sparky. 01/20/18 05:09 PM
MRI LED lights dimmer control replacement - wow!
by Potseal. 01/19/18 08:52 PM
Video: Inventor of the GFCI self-testing shocks
by Bill Addiss. 01/17/18 11:11 PM
FPE in Germany
by HotLine1. 01/17/18 07:07 PM
Fujifilm Recalls Power Adapter Wall Plugs
by Admin. 01/16/18 07:04 PM
New in the Gallery:
Housebilding DIY wiring
SE cable question
Who's Online Now
1 registered members (sparky), 10 guests, and 10 spiders.
Key: Admin, Global Mod, Mod
Previous Thread
Next Thread
Print Thread
Rate Thread
Page 1 of 3 1 2 3
General Liability Insurance #1356
05/08/01 06:54 PM
05/08/01 06:54 PM
W
wayne  Offline OP
Member
Joined: Apr 2001
Posts: 54
NC
My General Liability Insurance is comming due shortly and was woundering if any of you guys knew or if there are any better rates than what I am paying now.

I have a million in coverage and its running $ 560.00 a year.

I guess all of us needs to check out different companies from time to time for the prices sometimes is overwhelming.

thanks in advance guys. [Linked Image]

Wayne

Work Gear for Electricians and the Trades
Re: General Liability Insurance #1357
05/08/01 07:57 PM
05/08/01 07:57 PM
S
sparky  Online Content
Member
Joined: Oct 2000
Posts: 5,344
wayne;
i have a 1/2 mil @ $300+ yr,( how big a fire can i start anyhow?) it's all the little bells & whistles that matter, surf up some quotes on line ( maybe that little lizards around?) [Linked Image]

Re: General Liability Insurance #1358
05/09/01 05:44 AM
05/09/01 05:44 AM
R
Redsy  Offline
Member
Joined: Mar 2001
Posts: 2,056
Bucks County PA
Approx. $550.00/yr. for $1 million per incident, $2million aggregate. (Phila area.)

Re: General Liability Insurance #1359
05/09/01 08:01 AM
05/09/01 08:01 AM
sparky66wv  Offline
Member
Joined: Nov 2000
Posts: 2,236
West Virginia
I've got $1M for about $500, but I like Sparky's idea... I feel the same way.. just how much damage can I do?

I've always felt that insurance was an excuse for shoddy work... "screw it, I'm covered..."
and the Sparky who feels he really needs liabilty insurance should find another trade like being an insurance salesmen or something.

Sort of related: WV requires auto insurance, so having to spend lots of cash on mandetory insurance leaves a bad taste in my mouth. I put insurance in the same category as the lottery, the stock market, doctors and lawyers... there just out to get your money, period.


-Virgil
Residential/Commercial Inspector
5 Star Inspections
Member IAEI
Re: General Liability Insurance #1360
05/09/01 08:10 PM
05/09/01 08:10 PM
F
Fred  Offline
Member
Joined: Apr 2001
Posts: 449
Straughn, IN 47387
I pay $275.00 a year for $1 mil, $2 mill agr. here in Indiana. The company is Grange Mutual Casualty.
I don't worry about my work, but the volunteer fire departments around here usually just shrug and say "must have been something electrical". A 50,000 bushel grain bin/dryer full of soybeans or corn can amount to a lot of $$$$. Not to mention anything within 100 yards of a fire that hot.
What gets me are cities that require the proof of liability insurance PLUS a $2000.00 bond before the will let you test for a license. Once you get the license, it's $75.00 a year, proof of liability insurance and the $2000.00 bond. What's with the bond?

Re: General Liability Insurance #1361
05/09/01 08:17 PM
05/09/01 08:17 PM
S
sparky  Online Content
Member
Joined: Oct 2000
Posts: 5,344
local extortion $$$ [Linked Image]

Re: General Liability Insurance #1362
05/09/01 08:25 PM
05/09/01 08:25 PM
A
Anonymous
Unregistered

Perhaps the bond is for
Quote
"screw it, I'm covered..."
unprofessionals so they have a personal stake in not being sued.

It also could be in case there is a civil dispute that is not an error or omission.

Re: General Liability Insurance #1363
05/09/01 08:31 PM
05/09/01 08:31 PM
sparky66wv  Offline
Member
Joined: Nov 2000
Posts: 2,236
West Virginia
Of all the things to be quoted saying...sheesh!

[Linked Image]


-Virgil
Residential/Commercial Inspector
5 Star Inspections
Member IAEI
Re: General Liability Insurance #1364
05/09/01 09:26 PM
05/09/01 09:26 PM
Bill Addiss  Offline
Member
Joined: Oct 2000
Posts: 3,890
NY, USA
Keep us apprised here of your online search for good rates.

If you find a decent Co. that gives quotes online and has decent rates maybe We can start a 'Group' Eh?

Any interest in that?

Bill

Re: General Liability Insurance #1365
05/09/01 09:41 PM
05/09/01 09:41 PM
S
silverbk  Offline
Member
Joined: Feb 2001
Posts: 60
I pay $800 for 1 million liability, I also have my tools insured.

Liability is required by Westchester County which is my licensing agency. I also have to buy a $5000 bond for Putnam County in addition to the insurance.

I feel that the insurance is a small price to pay for the potential that exists.

Page 1 of 3 1 2 3

Featured:

2017 Master Electrician Exam Preparation Combos
2017 NEC Electrician
Exam Prep Combos:
Master / Journeyman

 

Member Spotlight
waymag
waymag
dallas, texas, USA
Posts: 67
Joined: January 2002
Show All Member Profiles 
Top Posters(30 Days)
Admin 20
sparky 16
Potseal 15
Popular Topics(Views)
243,576 Are you busy
180,374 Re: Forum
170,852 Need opinion
Powered by UBB.threads™ PHP Forum Software 7.6.1
(Release build 20180101)
Page Time: 0.031s Queries: 15 (0.007s) Memory: 1.0226 MB (Peak: 1.1991 MB) Zlib enabled. Server Time: 2018-01-21 12:42:55 UTC