Will State Farm Insure Roofers?

[robtmccarthy]

State Farm Agents do manage to sneak in some roofers. One of my offices larger accounts is a roofer that was previously insured with State Farm. In NY no less where no body wants to write roofers.

Light interior carpentry = roofing in the state farm agents mind.

 

[VaDwayne]

State Farm Agents do manage to sneak in some roofers. One of my offices larger accounts is a roofer that was previously insured with State Farm. In NY no less where no body wants to write roofers.

Light interior carpentry = roofing in the state farm agents mind.

Exactly what I ran into. The client was a jerk so I told him to take a hike, politely of course.

I ran into a guy who was telling me about all of the roofing jobs he was getting. I looked and sure enough we have him insured. He is paying $250 for a very small contractors policy which of course doesn't include roofing. He will become properly insured, or cancelled, whichever he chooses.

I am not his agent but this agency has been very good to me, and he isn't going to get coverage he is not paying for. The good thing is the fact that the scanned notes that we have on file say's "no roofing".

 

[a1today]

In California the general liability market for roofers is very slim in the amount of admitted and non-admitted insurance carriers willing to write roofers due to the amount of claims this particular construction class has compared to other construction class.

A State Farm agent would have to be pretty desperate to even consider writing this class of construction.

Roofers are hard working individuals but the small roofing contractor consistently fudge on thier payroll, sub out cost and gross receipts just to get a low rate on their insurance. They always say they do good work and never have a claim. Yeah right.

The insurance carriers that wrote a majority of the small roofers in CA were Risk Retention Groups. RRG's based the cost of a CGL policy for a roofer on estimated gross receipts.

It's good that you walked away from this client.

Hey is this the same guy that was selling med-supps last year? Personally, I got out of the construction risk when the construction industry tanked 1 1/2 ago. Construction Risk is a good line of business when it's busy. I'm working the Senior Market now.

 

[VaDwayne]

In California the general liability market for roofers is very slim in the amount of admitted and non-admitted insurance carriers willing to write roofers due to the amount of claims this particular construction class has compared to other construction class.

A State Farm agent would have to be pretty desperate to even consider writing this class of construction.

Roofers are hard working individuals but the small roofing contractor consistently fudge on thier payroll, sub out cost and gross receipts just to get a low rate on their insurance. They always say they do good work and never have a claim. Yeah right.

The insurance carriers that wrote a majority of the small roofers in CA were Risk Retention Groups. RRG's based the cost of a CGL policy for a roofer on estimated gross receipts.

It's good that you walked away from this client.

Hey is this the same guy that was selling med-supps last year? Personally, I got out of the construction risk when the construction industry tanked 1 1/2 ago. Construction Risk is a good line of business when it's busy. I'm working the Senior Market now.

Actually you are correct.. I like the P&C side much better than the med. supps although I still write a couple a month, mainly off of refererrals and repeats. I was lucky, I wrote a lady's med. supp who is the office manager of a large local doctor's office, and she sends me quite a bit of business.

I work with a lot of contractors but I write othe types of risks as well.

 

[a1today]

Hey I (a1today) wanted to PM you but I don't have 20 post. I wanted to see I could communicate with you about Med supps.
I saw your thread this past Fall about when you were getting out of the med supp business.