All estimates point to the clean-up and restoration of Houston taking months. Hurricane Harvey rained down more than 50 inches of water across wide regions of southeastern Texas, and a lot of homes were destroyed. That means homeowners, commercial property owners, and the cities themselves are eager to get rebuilding underway, but there’s a lot of flooded wreckage and not a lot of trust for unknown contractors.
One of the best ways for your contractor clients to get business repairing and reconstructing Houston is to get onto insurance companies’ list of trusted contractors. Provided they meet the requirements regarding certifications and commercial insurance coverage, they can be a shortlist of artisan contractors the larger companies turn to.
What does this mean for you as their insurance provider?
By no means should you need to act as a business advisor, but knowing the requirements and helping your clients figure out a quick route through the paperwork is good for your business, too. Here’s what you can do:
- Find the insurance requirements that major home insurance companies demand. If you have a list of what additions your client can make to their plans ready, then they’re more likely to increase their rates for the increase in business.
- Anticipate your clients’ questions. Approval requirements are rarely simple, even during the current emergency. Preparing responses about the programs and insurance questions will save you a lot of time later and can even get you new clients through word of mouth.
Major companies and contracts require higher insurance coverages than the minimum requirements for working within a state or region. Go to Prime Insurance Company to find the excess coverage your clients will need.
Authored by Rick J. Lindsey, CEO, President, and Chairman of Prime Insurance Company
Rick J. Lindsey hails from Salt Lake City, Utah. He began working in the mailroom of his father’s Salt Lake City insurance firm, getting his introduction to the business that became his lifelong career. Lindsey quickly rose through the ranks while working in nearly every imaginable insurance industry job. As an entrepreneur, specialty lines underwriter, claims specialist, risk manager, and a licensed surplus lines broker, Rick Lindsey is highly skilled in all levels of leadership and execution. As he progressed on his career path, Rick discovered an urgent need for insurers willing to write policies for high-risk individuals and businesses. He was frequently frustrated that he could not provide the liability protection these entities desperately needed to safeguard their assets. He also formed the belief that insurance companies acted too quickly to settle frivolous claims. Lindsey decided to try a different approach. He started an insurance company and became the newly formed entity’s CEO. This opportunity has enabled Rick to fill a void in the market and provide a valuable service to businesses, individuals, and insurance agents who write high-risk business. Prime Insurance also specializes in helping individuals and businesses who live a lifestyle or participate in activities that make them difficult for traditional carriers to insure. If you’ve been denied, non-renewed, or canceled coverage, don’t give up quite yet. Chances are Prime Insurance can help.