Have You Ever Heard of Performance Liability Insurance

AIRECS

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I am trying to help a home warranty company get setup in the state of Indiana and they are saying we need to get a Performance liability insurance policy. I have checked with a lot of carriers and E&S markets and they all act like they have never heard of it. The Indiana law has the verbiage performance liability insurance policy. Please if you know of a company that can write this type of insurance please let me know.
 
Bobby that is funny you say that. I keep telling the Indiana department of insurance that and they say no it should be a performance liability policy. Then I tell them Ok and then ask where do I get it and they say they can't tell me because it's a conflict of interest.
 
Bobby that is funny you say that. I keep telling the Indiana department of insurance that and they say no it should be a performance liability policy. Then I tell them Ok and then ask where do I get it and they say they can't tell me because it's a conflict of interest.

Sounds like they could use a plan then.
 
If the home warranty company does any repairs themselves (or subcontracts it out), they probably need performance bond and liability insurance. Most of contractors are required to have both for their contractor's license.
 
Not surprised- I constantly see crazy made up insurance policy requests. I'm certain they need a performance bond and no one at the state knows enough to tell what the differences are.

I know I've seen a couple interesting ones like the request for Comprehensive General Property Liability I got the other day. I think some people think the crazier they make their insurance requests the better protected they are.
 
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