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David J. Dybdahl, CPCU,ARM, MBA is the president of ARMR.Network, LLC a specialty insurance brokerage firm that works through independent insurance agents to provide business insurance packages to cleaning and restoration contractors coast to coast. He is a frequent contributor to R&R. He can be reached at 877 735 0800 or visit their web site at www.restorationinsurance.com.
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.
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.
It’s been a wild ride in the restoration and insurance business for the past year. Here David Dybdahl recaps the past 12 months, including the actual versus perceived risks of COVID-19.
What is a liability money trap? For what I am addressing here, it is a set of facts and circumstances that can lead to potential liability issues for restoration firms. Facts and circumstances have already set the trap for the unaware; below is some advice on how to not into the traps.
No industry is more affected by trends in the insurance business than a restoration firm. Insurance companies provide both a source of revenue to restoration firms in the form of claims payments and the insurance that enables companies to stay in business.
No industry is more affected by trends in the insurance business than a restoration firm. Insurance companies provide both a source of revenue to restoration firms in the form of claims payments and the insurance that enables companies to stay in business.
COVID-19 has put the cleaning, restoration, and insurance businesses on a wild ride. As you’ve heard me say time and time again, the vast majority of restorers are not adequately insured today for biohazards in general; coronavirus just made things worse.
Dave Dybdahl of ARMR Network discusses liability insurance policies and what restoration contractors should be aware of when doing structural cleaning during the coronavirus pandemic.
