The Red-Bearded Risk Guy

"We always leave meetings with our insurance agent even more confused than we were going in." - 👇 👇👇 👇


⚠ The Situation ⚠

A multifamily general contractor I worked with was losing money, time, and REALLY pi***ng off the project owner who hired them.

The project owner used a third party company to track certificates of insurance(COIs) for their subcontractors.

The third party company kept emailing the GC saying their COIs were "out of compliance".

This meant the GC couldn't go on jobsites for 2-3 days at a time because their insurance policies didn't meet the job requirements - holding up work for everybody involved in the project.

The GCs CFO was stressed about their reputation and future opportunities with the project owner.

He would forward these emails to the agent but his answers just left them more confused and frustrated.

The agent had never reviewed their contracts, so the he didn't know how to fix it and the policies were written wrong to begin with.

✔ An Easy Fix ✔

It only took about 10 minutes for us to review their contract's "insurance and indemnity" clauses and confirm what was missing from their policies.

They signed a letter to make me the broker on the policies - and all I had to do was add a simple form to fix it. The fee for this form was $250.00/year.

Now whenever an opportunity comes up, they'll just forward the contract to make sure they have what they need before work ever starts.

They used to see their insurance program as a barrier to ther success. They now see it as an important piece of their growth strategy - they've grown from $7 million to $20 million in 2 years!

If this is the type of partnership you want with your broker, I would love to work with you!

Leave a comment below! Message me to learn more!

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