Arizona Assigned Risk Trucker Pool

Employers are required to obtain certain types of coverage for their employees, and self-employed individuals may also be subject to similar requirements. If your business has any work vehicles that you or your employees use, you will be required to obtain automotive coverage with limits established by the state. In some cases, the individual driver or the entire group of drivers in the business will not qualify for coverage. In a business environment, this is often due to the fact that the business participates in a high risk activity. For example, drivers may be placed in the Arizona assigned risk trucker pool when the company hauls hazardous materials. The drivers may also be placed in the pool when they have too many moving violations or accidents.

What is the Trucker Pool?
When truckers are not able to obtain private coverage, they are placed in the Arizona assigned risk trucker pool. Essentially, the state will assign a provider to provide insurance to these drivers so that they meet the requirements for coverage. It should be noted that the rates offered through the pool are generally higher than those that would be available through private insurance. Because of this, many self-employed individuals who have been assigned to this pool as well as many business owners with employees in this pool are trying to find a way to get out of the pool and to find coverage with a private insurer.

How to Overcome the Challenges
Before you can learn how you can get out of the Arizona assigned risk trucker pool, you must determine why you or your employees have been placed in this pool. If the challenge relates to the type of activity that your business does, it may not be possible to find private insurance coverage unless you adjust your business activities. If placement into the pool relates to the driving records of the individuals, steps should be taken to improve their driving history. Moving violations, accidents and other blemishes on a driving record will be removed over time, so the driver simply has to drive more safely and to avoid any violations or accidents. As the driver’s record improves, he or she may qualify for private insurance.

The Arizona assigned risk trucker pool is beneficial because it provides those who are unable to obtain required coverage on their own with a means to do so. However, it is more expensive than private insurance. Therefore, those who have been placed in the pool may consider learning more about what steps they will need to take to get out of the pool and to save money on their required coverage.

Best regards,
Gary Hanson
Professional Insurance Strategies, LLC
6708 W. Bethany Home Rd
Glendale, AZ 85301

ghanson@proinsgroup.com
602-481-0161
623-551-6716 Fax

Arizona Assigned Risk Pool

Providing adequate coverage to your employees for workers’ compensation may be a requirement, but it is a requirement that is unfortunately difficult for some businesses to comply with. You do have the option of purchasing your coverage through a voluntary insurance company, and this may provide you with the ability to have better control over the costs, coverage and even level of service that you receive. However, some businesses will not qualify for this type of coverage, and they may need to obtain coverage through the Arizona assigned risk pool.

What May Dictate the Need to Be in the Pool
If you are having trouble obtaining workers’ compensation coverage on your own through a voluntary insurance company, you may indeed need to be in the Arizona assigned risk pool. There are several reasons why you may not be able to obtain insurance on your own. For example, if your company participates in hazardous activities, some voluntary insurance companies may not insure you. When you are denied coverage or are unable to find coverage that is required by law, essentially the state will find it for you. When you are in the assigned risk pool, an insurer will be assigned to provide you with the required coverage.

What to Expect From This Coverage
While the state may do its part to help you find coverage when you are unable to do so, it is important to note that this is rarely the best option for you. The Arizona assigned risk pool is generally not the most cost-effective solution for businesses. You will first need to apply for coverage by filling out paperwork and submitting it to the state. Then, you will receive notice of the insurance provider who has been assigned to provide you with coverage. The cost is not negotiable, and you will be required to have the coverage in place until you find a voluntary insurance provider who is willing to give you a private policy.

Failing to comply with the state’s requirements to provide workers’ compensation for your employees is simply not an option, but there are instances when coverage is not able to be found. Through the Arizona assigned risk pool, even businesses that cannot obtain coverage on their own will be able to provide their employees with the required coverage. You can learn more about the Arizona assigned risk pool if you are having trouble finding a provider to approve you for a voluntary policy.

Best regards,
Gary Hanson
Professional Insurance Strategies, LLC
6708 W. Bethany Home Rd
Glendale, AZ 85301

ghanson@proinsgroup.com
602-481-0161
623-551-6716 Fax

Wrap Up / Owner Controlled Insurance Policies, AZ , NM, NV

General Liability for new apartments and condominiums construction projects:

Construction projects for apartments, condominiums, and some other large scale projects are complex endeavors. These projects involve many different entities and trades. Many times the best policy for these types of risks is a Wrap Up policy or Owner Controlled Insurance Policy:

Cradle to Grave Coverage
Wrap-up policy is extended to cover the entire completed
operations period up to the applicable statute of limitation(s) so
that there is insurance coverage now and going forward
Eliminates Contractor mark-up
On insurance pass-through costs through insurance credits.
often contractor credits can be significant in funding the wrap
premium.
Less Litigation
No need to allocate blame since all participants are on the
same policy.
Broader Coverage
That meets prescribed standards and provides uniform
insurance protection; higher limits can be purchased due to a
larger volume of insurance.

Gary Hanson
Professional Insurance Strategies, LLC
6708 W. Bethany Home Rd
Glendale, AZ 85301

ghanson@proinsgroup.com
602-481-0161
623-551-6716 Fax

Arizona General Contractor Required Liability Insurance

All the safety measures in the world won’t negate the need for Arizona general contractor required liability insurance.

By the very nature of their work, a contractor cannot function without protection. It not only shields the company in the unfortunate event of an accident or other unforeseen circumstance, it helps employees, clients and customers feel safer working with you. They appreciate the idea that in case of property damage or injury, you are prepared.

Safeguarding Your Business with Arizona General Contractor Required Liability Insurance

A contractor’s site can have any number of electricians, plumbers, carpenters and other professionals. There can be heavy equipment, power tools, complex construction structures and materials, as well as any number of pedestrians who may not adhere to safety measures. Accidents occur, regardless of what we do to prevent them. A slip and fall, faulty equipment, fallen debris, all potential hazards no matter how conscientious the contractor and his operators are.

Arizona general contractor required liability insurance is the best way to protect the business’ future. Without it, many a business owner has seen not just financial ruin, but their future prospects hindered by the damage to their reputation.

Types of Arizona General Contractor Required Liability Insurance

Proper insurance minimizes risk. But not having the right type can hurt.

General liability- covers a range of claims. A major one is accusations of negligence on the part of the company or a staff member. It is not uncommon. A piece of equipment hits a parked automobile. Someone falls on-site because an employee stretched a cord across a path. General liability coverage defends the company against accusations, the suit, and any costs agreed upon or implemented by the court.

Builder’s risk insurance- covers any contractor’s loss. Contractors enter into projects that may become victim of natural disaster, fires, vandalism and more. Though no fault of their own, this loss can fall on the general contractor’s shoulders. Builder’s risk insurance covers this possibility.

There is also a unique package for covering any equipment and material on-site. This is not uncommon as relocating certain tools and heavy equipment can be counterproductive. The Contractor’s Tool Floater-protects equipment when it’s not at the primary address in case of theft, fire or other unforeseen incident.

Arizona general contractor required liability insurance is engineered to respond when unexpected occurrences threaten a contractor’s operations and reputation. The expense will more than cover the impact a catastrophic effect can have on the company.

Gary Hanson
Professional Insurance Strategies, LLC
6708 W. Bethany Home Rd
Glendale, AZ 85301

ghanson@proinsgroup.com
602-481-0161
623-551-6716 Fax

Liability Insurance For Construction In Arizona

Liability Insurance For Construction In Arizona

Who Should Have Liability Insurance?

Anyone involved with residential or commercial building projects should protect themselves financially with adequate insurance coverage from a quality company with knowledgeable agents. Liability insurance for construction in Arizona is necessary for people working in different careers, including

• Architects
• Electricians
• Plumbers
• Forklift Drivers
• Carpenters

Individuals who construct bridges, buildings or highways should never assume that they have sufficient insurance coverage from an employer. In most cases, liability insurance for construction in Arizona is the responsibility of each contractor. Failure to protect your business and personal assets from lawsuits concerning charges of negligence can lead to financial ruin for professionals.

What is the Purpose of Liability Insurance?

Liability insurance for construction in Arizona has several purposes such as preventing a loss of a business due to a lawsuit. In addition, in many geographic locations failure to have the proper types of insurance coverage can lead to fines for contractors. This is because many contractors hire employees who need financial protection if an injury occurs while on-the-job. At the same time, someone passing by a construction project can incur an injury, leading to a lawsuit for damages to pay for medical bills and lost wages. A lawsuit for injuries can happen because of negligence due to using equipment the wrong way or making an error during the construction process.

How Much Liability Insurance Does Someone Need?

The amount of liability insurance needed for construction in Arizona varies for each contractor depending on several factors such as the size and cost of the project. Important things to consider are how many employers are working on a project, leading to more chances of someone incurring an injury. While an architect typically spends less time on-site at a building they have designed, they are still culpable for damages in many cases. Liability lawsuits against architects can occur when they made a mistake in a blueprint that leads to an injury of a construction worker or a building’s occupant. Lawsuits against a contractor are possible while a project is in the process of being built or several years later due to an injury. A knowledgeable insurance agent is the best person to analyze the amount of liability insurance for construction in Arizona that you need.

Where Can a Contractor Get Insurance Coverage?

There are numerous insurance companies that provide specialized liability insurance for construction in Arizona. An agent will carefully consider the risks involved by the contractor’s type of work to determine the best plan. A contractor with employees working at high levels such as roofs must pay more for a policy than an architect. Having financial coverage of millions of dollars is quite common, but the cost of a policy is divided with monthly installments over an entire year. An insurance carrier will customize a policy to include the coverage required by a region or occupation. Policies can include coverage for fire, smoke or water damage in addition to paying for medical bills.

Gary Hanson
Professional Insurance Strategies, LLC
6708 W. Bethany Home Rd
Glendale, AZ 85301

ghanson@proinsgroup.com
602-481-0161
623-551-6716 Fax

Contractor Insurance, Arizona, Nevada, New Mexico

Although each state’s liability coverage varies, most contractor companies doing business out of Arizona require proof of some form of general liability insurance before solidifying any agreement or contract. A smart business owner is an informed one. Contacting a knowledgeable agent who specializes in AZ insurance guidelines provides a thorough understanding of the many options available while simultaneously customizing your contractor’s insurance coverage based on your organizations particular requirements.

Accidents, damages, interruptions, delays and losses are part of operating any type of construction business, i.e. electrical, plumbing, heating/air conditioning. Choosing the right coverage provides the business owner optimal damage control and sound protection, should a problem arise.

Types of Contractors Insurance:

Income Insurance: Should a covered loss or delay occur to a business service or project, business income insurance provides a way for paying expenses i.e. payroll, rent or mortgage, taxes, relocation fees.

Contractor Vehicle Insurance: Coverage for commercial auto’s i.e. vans, box trucks, utility vehicles and trailers as well as the employees operating them.

Equipment Insurance: Coverage for damaged equipment such as excavators or cranes due to machinery malfunctions, mechanical or operator error, electrical surges.

Business Property – Indoor/Outdoor Insurance: This plan covers damage to rented or owned business property as well as anything housed within the business property, i.e. inventory, building materials. Business property insurance safeguards against catastrophes such as water damage or fire to indoor/outdoor property.

Commercial Property/Liability: This plan provides coverage should an employee cause damage to a client’s property, bodily injury to others or employee injuries.

A licensed insurance agent in AZ can explain and guide you through each policy, providing a further breakdown of specifications for each coverage option, keeping in mind any state or county laws, safety regulations or construction guidelines that need to be observed i.e., obtaining licenses, bond requirements. Purchasing contractors insurance not only reduces the risk to your business operation, employees and clientele exist in a safe and secure work environment. Many AZ based insurance companies include preparedness plans at no additional costs to the purchaser. Taking advantage of these free plans allows AZ construction businesses a well-organized preparedness plan against disasters as well as recovery and relief guideline suggestions.

Choosing specialized contractors insurance serves as the most important investment to your business and personal stability. Optimal safeguards build a solid bridge to your financial future and lower operating expenses while providing priceless peace of mind.

Best regards,

 Gary Hanson

Professional Insurance Strategies, LLC

6708 W. Bethany Home Rd

Glendale, AZ 85301

 

ghanson@proinsgroup.com

602-481-0161

623-551-6716 Fax

 

Assigned Risk Workers’ Compensation, Arizona, Nevada, New Mexico

Insurance companies don’t pay for employee injuries. They finance them for you at cost of $2 to $3 for every dollar an insurance company spends on an injury. As your experience modification sky rockets, only time can save you unless you have experienced experts to help you.
Let us help you identify areas where improvements can be made.

Gary Hanson

Professional Insurance Strategies, LLC

3519 E. Shea Blvd., Suite 120

Phoenix, AZ 85028

 

ghanson@proinsgroup.com

602-481-0161

623-551-6716 Fax

 

Getting out of the Workers Compensation Assigned Risk Pool-AZ, NV, NM

We run into many businesses that for a number of reasons end up in the Assigned Risk Pool for their workers compensation insurance. The reasons for this really boils down to a couple of areas:
New in business with no prior workers comp policy
Less than desirable class of business or business operations
Past workers compensation claims have forced you into the pool

The good news is we can help you get out! We have carriers that will take you out after you have a couple of years of experience. If past claims are a problem we can help set up a program to get you on track and get out of the pool.

Best regards,

Gary Hanson
Professional Insurance Strategies, LLC
3519 E. Shea Blvd., Suite 120
Phoenix, AZ 85028

ghanson@proinsgroup.com
602-481-0161
623-551-6716 Fax

Health Insurance vs Public Health System

Health insurance offers you a bulk of benefits you wouldn’t be able to access in the Public Health System. Now the points are-

  • People doesn’t have more control over when he/she will be treated.

  • In this system services not covered by Medicine, ambulance, in addition to a number of non-hospital services E.G. Dental,chiropractic, optical, physiotherapy, dietary advice and some alternative therapies.

It’s important to recollect that even as a patient who is privately covered, he/she may expect some out-of-pocket costs. Unfortunately, your health insurance can’t cover everything related to your approach. To cover all aspects of a approach would further increase the cost of private health insurance premium.

To help reduce your out of pocket expenses, we’ve developed some information to help you make fully informed decisions about your treatment. All public Hospital packages explain everything you need to know about insurance and offers helpful questions to ask your specialist about your treatment.

If you choose to be treated as a public patient in a private or public hospital, you wouldn’t have any out-of-pocket expenses, but there are some drawbacks:

  • You may not have a  better choice over which facility your procedure is performed in health insurance

  • The date on which your  approach is done is determined by the public hospital, not by you. You’ll be placed on a waiting place according to the severity of your condition. So, you could be waiting months or even years to have your procedure done.

  • If your approach requires you to spend some time in public hospital, chances are you’ll be in a shared ward with other patients, rather than your own luxury room.

The Importance of Health Insurance Policy

Health insurance policy is necessary to meet those unpredictable moments in any human life. It is especially needed for our children and our old aged parents. With the right insurance policies you can ensure that your children will get the desired treatments like immunization for no cost. Ignorance of such things may cost long term illness and diseases which in-turn increases the cost.

Statistics shows that 46 million people in the United States, lack health care benefits either because their employer does not offer it or employees cannot afford policy expenses. This is a major problem because when uninsured, you receive less medical treatment or care and these seem to be the people that experience the worse health problems in present and future. Although health insurance sounds more expensive, but it can cause a bigger burden, if you do not have health insurance when serious injuries occur.

Investing in health insurance means investing in your quality of life style. Having health insurance can pay for preventive and proper treatments to treating unpredictable illnesses. Think of how car insurance is required in each state. Frankly speaking in some cases it is a rip off (the excessive premiums) but it is an investment because somehow it covers your assets. If someone dashes your vehicle or you wreck it, you can’t claim a brand new one right away. The same goes for health insurance policy. Do your proper research, figure it out what is best for you and your family and make wise decisions. Nothing stays the same forever in your life so if you are good and healthy now that does not mean something will not go wrong in future. So you need to get health cover today.  Health Preventive care helps a lot and it may prolong the need for health insurance but there is nothing better than knowing you are fully protected.

Professional Insurance Strategies, LLC   has a trained staff that will provide the highest quality customer service as well as offer solutions for the health insurance needs of our clients. For Details Contact our agent today

Gary Hanson

Professional Insurance Strategies, LLC

3519 E. Shea Blvd., Suite 120

Phoenix, AZ 85028

6708 W. Bethany Home Rd.

Glendale, AZ 85301

ghanson@proinsgroup.com

Phone: 602-481-0161

Fax: 623-551-6716

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