I've Got a Fish on the Line!

[Herkster]

So, I'm working on quoting a electric, plumbing, and hvac company.
95k in wc payroll
9 vehicles on the BA
CGL
CPP
IM
WC

Looks like a good package. I've received quotes back from two carriers, one that won't write WC unless there is 200k in payroll (quoting wc w/ a standalone wc carrier), and one other quote back so far. It amazes me the difference in rates between one company to the next.

I will be presenting 3, if not 4 quotes, early next week to the prospect.
Package premium will be around 10k. While I know that isn't huge, in my area, commercial accounts are hard finds, so I'm pretty happy that they reached out for a quote.

Insured quotes his business every 3 years. I'm liking my odds, but not counting my chickens before they hatch!

 

[moonlightandmargaritas]

Insured quotes his business every 3 years. I'm liking my odds, but not counting my chickens before they hatch!

Sounds great! Have you asked them under what conditions they'll make a switch to you (I hope)?

 

[hesse]

Good Luck, Who are they currently with? Grinnell?

 

[Herkster]

Good Luck, Who are they currently with? Grinnell?

Federated

We'll see what he decides to do, it isn't a guarantee and I know that, it's just nice to get the chance to quote some different products!

 

[bobson]

Sounds great! Have you asked them under what conditions they'll make a switch to you (I hope)?

Nice. That is a great question.

 

[XdateNotSexDate]

9 vehicles and only $95k in payroll? Are there a bunch of pp vehicles scheduled or are the trucks dedicated to each trade? Just curious as $95k seems lite for a 9 unit fleet.

Good luck! Federated was tough to beat on artisans in my area.

 

[EugeneM]

agreed payroll doesnt add up, do they let others use their vehicles or does the owner have all his personal cars on there hahaha


Could I ask how they found you? was it referral?

 

[insurance1822]

Congrats & hopefully you land the account. I've been having some commercial business fall on my plate lately & it's great. Remember if you don't get the account now make sure to follow up.

 

[Herkster]

WC excludes the two owners, which would put that payroll quite a bit higher. And sorry, not 9 power units. 5/6 power units, and a few trailers for hauling some of their bigger machinery with.

No personal vehicles on the business auto - I had just worded it wrong, my bad!

Referral from one of our loan officers.