Contractors Insurance Specialists LLC

Contractors Insurance Specialists LLC Contractors Insurance Specialists This experience enables us to obtain the best coverage at the lowest price for our clients.

Family owned business specializing in contractors insurance needs with personal service,exceptional quality and experience to obtain the best coverage

Contractors Insurance Specialists has the expertise in servicing the insurance needs of contractors of all types and sizes, this has been developed over the past 40+ years. We can do the same for your business. Construction insurance customers inc

lude builders, general contractors, design and build firms, specialty contractors and subcontractors, and owners of private construction projects. Construction insurance coverage includes commercial general liability, commercial auto, umbrella liability, workman's compensation, inland marine equipment, bonds and builders risk for building under construction.

04/01/2020

Will your General Liability Insurance cover claims for COVID-19
Your general liability policy will most likely defend you if you are accused of being responsible for a third party contracting COVID-19. It may protect you in the event that you are determined to be responsible for that person actually contracting the virus.
Example: A contractor and his crew work on a client’s premises, all seemingly healthy, showing no signs of COVID-19. Client tests positive for COVID-19 three weeks later. Client suspects he was infected by the crew. – Probably not liable, but the existing policy most likely will defend the claim.
These policies, however, do not respond to YOUR injuries, illnesses or loss of business.
Please stay healthy and safe
Lana

02/29/2016

WAYS TO CUT COST OF YOUR WORKERS' COMP INS.
Premium auditors are not permitted to add new classifications. While this is contrary to procedures followed by several insurance carriers, provisions within the policy and elsewhere require that, if a class code is to be changed, it must be done by the underwriter and not the auditor.
Contractors may allocate the payrolls of construction employees to different classifications of work, provided that the contractor keeps contemporaneous records that support the payroll allocation.
Another premium saving suggestion: Prepare a pre-audit before the annual audit. When the insurer completes its annual premium audit, it works from the records that you provide. Help make the auditor's job easier and more accurate by completing your own audit. Make certain that the prepared payrolls take into account all the credits, limitations and deductions available. Many auditors will accept your prepared work as their own.

11/12/2015

“right to repair” statutes are the legislatures’ response to the increased filing of time-consuming and expensive construction defect lawsuits. Right to repair statutes provide an avenue to avoid litigation whereby the builder can address the homeowner’s claimed defects and attempt to repair the defects and allow homeowners to seek repairs without having to file a lawsuit.
In general, right to repair statutes impose procedural requirements and a timeline for managing construction defects prior to filing a lawsuit.
Arizona
Earlier this year, the Governor of Arizona approved H.B. 2578 which modified the existing Purchaser’s Dwelling Act.3 As amended by H.B. 2578, Ariz. Rev. Stat. Ann. §§ 12-1361 – 1366 (West 2015) requires that a purchaser first undertake certain notice procedures before filing a “dwelling action,” which is now defined as “any action involving a construction defect brought by a purchaser against the seller of a dwelling arising out of or related to the design, condition or sale of the dwelling.”4 In addition, H.B. 2578 codifies a definition for previously undefined terms such as “construction defect” and “construction professional.”5 Most significantly, now, a purchaser has an absolute duty to notify the seller of the construction defect before filing a claim6 and the seller has an absolute right to attempt to repair or replace the defects.7 In practice, the contractor must respond to the purchaser’s notice within sixty days of receipt8; if the contractor fails to do so, the purchaser may file suit.9

09/22/2015

A realistic evaluation of the risk that confronts project owners during and after construction indicates most owners are exposed to considerable liability.
While much of the risk is with the contractors, it is a mistake to conclude the owner has no potential for liability
Owners of construction projects should have their own liability coverage. The Owner’s Interest CGL policy should be in place during construction to close the gaps in the owner’s liability insurance program and assure more adequate protection.

05/01/2015

Third-Party Action-Over claims are one of the fastest growing types of claims in contractor’s general liability insurance. In a nutshell, lawyers have figured out a way to file a claim on your general liability policy for something that should be covered through your Employers Liability Insurance.
What is Commercial General Liability Insurance?
Commercial General Liability Insurance (CGL) covers bodily injury and property damage to third parties. It covers losses that occur on your premises, jobsite or as a result of your products and completed operations. The CGL contains and Employers Liability Exclusion and does not cover bodily injury to employees, with one exception one key exception: when the Employers Liability is assumed in an “insured contract

01/20/2015

Worker's Compensation issue to watch for, medical ma*****na as a treatment option. My concern is around employment practices, which have been centered on the fact that ma*****na is illegal under federal law, so any trace in the system is unacceptable. Most likely the federal government will reclassify ma*****na from Schedule I to Schedule II. Zero tolerance policies in the workplace will no longer be valid. Instead, the focus will have to be on whether the person is impaired, as it currently is with alcohol

10/09/2013

Contractual Indemnification versus Additional Insured: Contractual Indemnification arises from liability assumed in a contract-it applies to liability not normally imposed by law-you are liable because you have agreed to be laible. Contractual Indemnification is not insurance and thus the indemnitee's only right is against the indemnitor.

04/23/2013

Contractors Faulty Workmanship Coverage is a new and unique endorsement that provides a limit to protect you against claims arising out of faulty workmanship, materials or products. These claims would otherwise be excluded by the “business risk” exclusions found in every standard ISO Commercial General Liability policy.

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Dewey, AZ
86327

Opening Hours

Monday 8am - 5pm
Tuesday 8am - 5pm
Wednesday 8am - 5pm
Thursday 8am - 5pm
Friday 8am - 5pm

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