Insurance/Legal Matters in Restoration

RSS

With a good subcontractor agreement that has solid insurance requirements, many of the most expensive losses in the restoration business can be offloaded on a primary basis onto the subcontractor’s liability insurance policies.

"While the implications of this acquisition on restoration contractors is not yet fully known, RIA members and constituents have concerns about how their data is being used and how it will impact the future of their business," the statement reads. 

CoreLogic acquired Next Gear Solutions on Sept. 15, 2021. Here, Garret Gray, founder and CEO of Next Gear Solutions dives into what this means for restoration contractors.

The deal, called "a very major event" by RIA President Mark Springer, combines Next Gear and CoreLogic’s Claims Connect platforms, property data and analytics, and tools for restoration contractors and insurance carriers.

David Dybdahl discusses the insurance picture for restorers’ business insurance over the next 12 months and suggest some adaptations to address impending changes in that risk picture.