Workers’ Compensation Insurance – Construction Contractors

Workers’ compensation insurance has always been expensive for construction framing contractors. Danny Harter, the owner of DH Framing, was already aware of this because he had taken out this insurance faithfully for legal compliance with state insurance requirements.

But what Danny didn’t expect – a sudden cancellation by his workers’ compensation insurance carrier – happened in November 2004 – all because “out of the blue”, his insurance career only Decided that his company was “too small” for their benefit. Danny had two employees, including himself, and a weekly salary of between $ 1,500 and $ 2,000.00.

Danny was informed of his canceled worker’s camp policy when the client, who had been working for one morning, approached him and said, “You can’t work on this job – I got a notice here. Workers’ Camp Certificates with your insurance carrier. ” How embarrassing!

Danny obviously wasted time on work and income. But he did what he needed to do, and immediately started contacting insurance carriers, trying to find someone who didn’t consider him “too small” or otherwise unwelcome. After all, he was and still is a successful, hardworking small businessman. Shouldn’t anyone be interested in writing their own business?

To no avail, Danny could not find an insurance carrier to underwrite his business. Fortunately, he contacted an insurance agent who had just found out about the workers’ camp. “Call these people,” said the insurance agent. And Danny did. I picked up the phone and talked to Danny about his business and what happened to him.

Within a week, Danny and his employee not only returned to work with the client who had to stop their work – but they also had payroll services and workers camp insurance coverage without the large deposits that you would get with traditional insurance. Agents have to keep. So Danny not only saved his business. It saves extra, unnecessary hours – weeks – downtime at work, and he saves huge advance fees.

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