Error and Omissions Liability Insurance is a topic that has come up repeatedly in our message boards through the years. I have consolidated the most relevant information from all or our posts here for convenience. Hope this is useful.
We found a reasonable policy through this agent:
Elsa Escobar
Commercial Lines Underwriter
Costanza Insurance Agency, Inc.
e.escobar@cia-ca.com
800.300.9775 x12
It took her some time but she says it would be much easier now that she's researched it once. Send her an email and add "Thermography insurance referral" on the subject line.
We ended up purchasing a General Liability Policy with 3M coverage, and added a Marine Policy to cover the camera. (The Marine Policy) is also used for contractor's Tools, and anything movable. Your best bet appears to be with and Independent Insurance company who has access to a wide variety of companies to draw from.
For comprehensive insurance coverage, I recommend: Nathan Jensen, Paragon Risk Management, (813) 949-8636 -- www.paragonrisk.com -- he's very easy to work with.
He is independent and can get competitive quotes from numerous companies. He actually brought my rates down considerably for the second year.
You can say Infra-Detect recommended him.
Insurance: This may be valuable info for some. Hartford Insurance; 60k on camera a associated equipment(everywhere it goes & includes clutso moments, theft, etc.) + 5K on supporting equip, 2 Million Liability w/ 1 million per occurrence, and also some other misc. features. Cost = $1600 annual.
My Hartford Insurance Policy:
Business Personal Property Replacement: $6,000
Money & Securities Inside Premises $10,000
Money & Securities Outside Premises $10,000
Thermal Imaging Equipment $60,000
Business Income & Extra Expense: 12 months loss
Action of Civil Authority: 30 days
Extended Business Income: 30 consecutive days
Business Liability Max Coverage:
*Liability & Medical Expenses: $1,000,000
*Medical Expenses-any on person: $10,000
*Personal & Advertising Injury: $1,000,000
*Damages to premises rented you
Any one Premises $300,000
*Aggregate Limits $2,000,000
Employment Practices Liability:
Each Claim $5,000
Hired/Non-Owned Auto Liability $1,000,000
Employers Liability & Stop Gap:
Bodily Injury Accident Each accident $1,000,000
Bodily Injury Disease Each employee $1,000,000
Bodily Injury Disease policy limit $1,000,000
+ A long list of Stretch coverage items
Deductible: $500
Annual Premium: $1,510
I maintain both General and Professional liability policies.
Please contact Jason Green at the address below and tell him I referred you.
Good luck,
Bill Galbraith
A-G Inspections, Inc.
jason@ticokc.com
http://www.indiana-ins.com/omapps/ContentServer?pagename=IndianaInsurance/Views/IndianaInsurance
I have a $2mil GL policy with Indiana Insurance for $500/year.
http://www.theidifference.com/products/specialty_programs
Give Hazana Rivers a call. She is my insurance lady and they do a very good job I only pay $500 a year for my coverage. 440-260-1042
