Posted on 3/31/2017 8:40 AM By Parker Rains
Many business executives believe insurance brokers have control over the quotes they provide, but that’s not the case. Insurance carriers control the price, and they provide the best rates to companies that proactively manage their risk. The less risky a contractor appears, the fewer claims it’s likely to have and the “safer” the company looks. Therefore, the lower the premium they are likely to get.
Here are three ways general contractors can mitigate risk and make their companies more desirable to insurance carriers.