This has become a major issue for Contractors in the State
of NY . Fall claims have driven up the cost of
insurance and a lot of standard insurance carriers in NY are no longer writing
contractors that have a height exposure.
This applies to carpenters, electricians, heating and air conditioning
contractors and commercial snowplowing just to name a few. It is not so much the fact the insurance companies
even end up having to pay out anything on these types of claims. However, the insurance companies still have
to hire and pay an attorney, go to court and then pay any required claims. This could take years to finalize and cost
insurance companies hundreds of thousands of dollars just in attorney fees.
If you have had continuous insurance and have a good claims
history and have a safety plan in place there is a good chance you can still
get insurance with one of the standard carriers in NY.
Following are some resources to develop your own safety
plan:
Once you have a safety plan in place it is important to give
a copy to your employees, go over it in detail and have them sign off on
it. It is important to do this at least
once a year and definitely upon hiring someone new. Check for updates too.
If you are interested in more information or a quote, please
feel free to contact us at www.tiains.com.
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