Quote:
Originally Posted by Baz
I try to go the self-insured route as much as possible. Eliminates the middle man.
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Im with you Baz, but the state requires me to have a certain amount of liability insurance to have a State Inspection license.
No one writes just a simple liability policy for a business like mine, so I end up with a bloated 113 page policy , that they fleece me out of 5 grand a year for, and so far has not paid out a cent to me, or anybody else .
I had one claim about 10 years ago, with another company. I guess, my $5 k a year was not enough, and they still have to hit you with a $1500 dollar deductible when something does happen.
So , over 10 some years with that company, I paid them around $50K They paid out $1000.00 on a $2500.00 claim, then they started jacking my rates, and did a property inspection, and tried to make me do all sorts of silly upgrades, not even related to my business . I dropped them asap. then picked up Nationwide. My premiums more than doubled in 2 years with zero claims . I **** canned them pronto,(and gave the local agent an earful)
Id do better with the mob .