We are a General Contractor out of central Mississippi with a satellite office in Pensacola, Fl. Licensed in all states across the Southeast. Interested to know some feedback on how often other General Contractors send out to hard quote their GL-Auto-Umbrella policies. Do you quote it yearly or every 5 years? I know its not something you would want to quote each year.
Also, we have always purchased vehicles as needed and kept them years after payoff to get the most out of the truck. Have any of you found it beneficial to set up a new fleet and start new and rotate your fleet inventory every few years.
Curious to hear your feedback, thank you in advance…
I would add that many who embrace the captive model initially focus too much on potential premium savings and not the risk control needed to control claims.
Yes Cathy, that is the greatest advantage of a Captive. It has considerably improved our overall safety culture. I know I didn't address that in my first post but the cost saving is directly related to your improved safety culture. Over the last seven years, that I have been in a captive, my TRIR and EMR ratings have reduced greatly. In fact, last year was the first year in 40 years that we had zero recordables with the highest exposure ever. That is the greatest advantage of being a member of a captive, knowing that our employees are going home in the same condition as when they arrive at work.
Sorry for being so misleading in my first post and thanks for bringing it to everyone's attention.
Hartman & Hartman, Inc.
67 Seal Road
Eighty Four, PA 15330
Office: 724-239-6002 ext. 112
"Safety is #1 in our Family"
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