Liability insurance for carpentry contractors is an indispensable part of their risk management toolkit. When these clients are looking to you for guidance getting coverage, you want to help them access unparalleled protection.
Bringing the Best Liability Insurance for Carpentry Contractors
Commodore’s insurance coverages for carpentry professionals can offer your clients numerous advantages.
Affordable Liability Insurance for Carpentry Contractors
Reining in costs is extremely important for businesses with revenue cycles that fluctuate. Companies and independent contractors that provide specialty carpentry services can see considerable variations in their earnings every quarter depending on the value and volume of projects that they have completed. Understandably, they need to use their resources strategically and find the most practical, affordable options to buy the things integral to their day-to-day operations.
Commodore always strives to provide competitive pricing on liability insurance policies and does not inflate costs. By managing risk exposure strategically and handling claims efficiently, Commodore can offer clients protection far more affordable than many other carriers.
Streamlined Applications and Renewals
Insurance agents and their clients commonly have to contend with many hurdles to get quotes to obtain or renew liability insurance. Commodore has simplified the application process by doing away with loss-run reports and Acord applications. Even new ventures can apply for coverage quickly and successfully.
Getting premium indications online with Commodore is fast and straightforward. The renewal application consists of just one page. Commodore offers flexible coverage terms, allowing you to customize premium indications to meet your clients’ needs.
Additional Insureds on Liability Insurance for Carpentry Contractors
Liability insurance is suitable for carpentry contractors because it assures their customers that they can provide compensation if something goes wrong throughout a project. Nevertheless, some carriers that issue liability insurance for carpentry contractors are unwilling to include policyholders’ customers as additional insured on a Certificate of Insurance. You may have previously heard a carrier defend this stance by asserting that identifying clients who request to be named on an endorsement as an additional insured serves the same purpose. If this were really the case, there would not be any distinction between the two designations.
An interested party can obtain policy information and may receive notifications if a policyholder or carrier cancels coverage. However, an interested party does not have the right to any proceeds of a claim against that a policyholder initiates. An interested party might need a meaningful remedy for damages from a liability claim.
Contractors’ requirements to maintain coverage limits and name their customers as additional insured are typical of request for proposals from businesses, municipalities, and government agencies. This requirement is also common among rules and regulations for condominium and homeowners associations. Suppose a service provider cannot produce a Certificate of Insurance listing the association as an additional insured. In that case, the association may refuse to admit the provider to work on the premises per its governing documents.
A strong command of your clients’ industry helps you establish trust and forge long-lasting relationships. Working with the best insurance carriers for carpentry contractors in the marketplace enables you to effectively serve your clients and facilitate access to the resources they need to manage risk affordably.
About Commodore Insurance Services, Inc.
Commodore Insurance Services, Inc. (Commodore) is a California corporation that operates as a Managing General Agency and Program Manager. Since incorporating in 1990, Commodore has developed an expertise in the production and underwriting of insurance products for businesses across the West Coast. Our focus is on providing top-level insurance products to our clients while striving to make it easy to do business for our brokers. Try us and find out why we have continued to be successful for more than 27 years and are recognized as the trusted leader in small business insurance.
