Demolition work is very hazardous, particularly within urban locations. As far as the insurance coverage is concerned, utilization of explosives along with the consistent threat of a building collapsing while the demolition is taking place exposes the public and nearby properties to significant liability risks.

Here’s an interesting example how Prime Insurance assisted one demo contracting company in acquiring tailored coverage at correspondingly low rates.

Laizer, one of our P&C agents, recently saved a demolition company over 50% on their commercial insurance policy. He will be binding the company’s general liability policy as well, which is expected to raise the company’s current premium - but that’s for two good reasons:  

1. The current policy does not cover the demo exposure
   
   
2. The current policy is rated on payroll: after the current policy was acquired, payroll increased considerably which means the premium will become more expensive once an audit is done
   
   

The main point of this example is that an experienced, knowledgeable insurance professional that is dedicated to the policyholder’s needs is essential. This demo company had no idea that an audit was forthcoming. At Prime Insurance, we do better: we educate our clients before they acquire coverage so they know what type of coverage will protect them in he most accurate manner, ensuring there will not be any unpleasant coverage or premium surprises along the way.

PRIME Insurance is a three-generation family-run independent agency. We’re proud partners with many of the leading companies in the industry – big names such as ACE, AmTRUST, ASI, ASSURANT, CHUBB, CNA, Employers, FOREMOST, Liberty Mutual, MetLife, PROGRESSIVE, Safeco, StillWater, Travelers, USLI, ZURICH and more. This gives us the ability to provide all forms of nationwide coverage and bonds at competitively lowest quotes. Visit us on our online insurance website or email us at PRIME [at] primeins [dot] com or call us at 732-886-5751 and HAVE A PRIME DAY™!

Summary: Spotlight on Laizer Schonbrun, P&C agent who helped a demolition company find the precise coverage it needed.