Contractors are one of the niche specialties we actively try to attract to Wilson Insurance. We support contractors in Arizona by offering insurance guidance and market support for businesses just starting out. Insurance can be daunting. Below are five business milestones you have to look forward to and the ways Wilson Insurance can support you along the way.
Working with Subcontractors
Many new contractors work with subcontractors to expand their capacity or reduce payroll exposure. Some ROC licenses like R-61 Carpentry, Remodeling, And Repairs require certain tasks to be subcontracted out. Whatever your reason, Wilson Insurance can help guide you in working with subcontractors so you do not end up paying for their claims or their insurance during your year-end premium audit.
- Provide customizable subcontract agreements
- Provide COI checklists to make sure you have the right risk transfer in place
- Provide WC waivers for sole proprietors/single-member LLCs
- Provide deeper market access if your subcontract exposure is >50% of operations (paper GC)
Hiring Your First Employee
Hiring your first employee is an exciting milestone but there is risk associated with onboarding new employees. According to a recent Travelers study, 48% of construction workers’ compensation claims occurred with employees with less than 1 year on the job. This can drive your insurance costs up for years. We understand the risks associated with onboarding new employees. Wilson Insurance wants to help you develop your safety culture.
- Provide front-end learning modules to assess incoming skills and safety awareness
- Help develop quick toolbox talks specific to your industry to keep safety front of mind
- Should claims occur with new employees, provide 10-15 min learning modules to document corrective action was taken and lessons learned
Doubling Your Sales Goal
A frequent grumble new contractors communicate relates to large premium audits assessed from growing faster than expected. This can be disruptive to cash flow when a large balloon payment is owned. The last thing we want is cash flow disruption for your new business. Wilson Insurance wants to ensure your premium audit goes smoothly.
- Verify class codes are accurate for your GL and WC policies
- If your business grows or contracts quickly, we make midterm payroll adjustments with your insurance company to spread out premium increases/decreases over your remaining policy term
- Dispute audit results when necessary
Buying Your First Vehicle
Many new venture artisan contractors don’t begin with a commercial auto policy. They may try to use their personal auto policy as long as possible to save money. This works until they get a certificate of insurance (COI) request requesting higher limits or they have a claim. When the time comes for you to buy your first work truck or to upgrade your personal auto policy to a commercial one, Wilson Insurance wants to help!
- Develop a safety manual including distracted driving policies
- Connect you with complementary safety training through insurance carrier resources
- Most commercial auto policies include GAP coverage on their coverage endorsement
- Shop for the most competitive rates
Filing Your First Claim
At Wilson Insurance we want you to have a healthy attitude towards claims. At some point in your business lifecycle, claims will occur. That doesn’t mean your business is bad. When claims do occur, you won’t have to figure them out alone if you work with us. Our claims advocacy is not only a source of pride; it becomes our most profitable referral source when we exceed expectations!
Target Markets
Wilson Insurance wants to work with you if you are a new contractor in Arizona. I am assertively marketing contractors with the following license Arizona ROC types:
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A General Engineering
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CR-7 Carpentry
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A-5 Excavating, Grading, and Oil Surfacing
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CR-8 Floor Covering
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A-11 Steel and Aluminum Erection
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CR-9 Concrete
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A-12 Sewers, Drains and Pipe Laying
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CR-10 Drywall
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B-1 General Commercial Contractor
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CR-17 Steel and Aluminum Erection
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B-2 General Small Commercial Contractor
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CR-31 Masonry
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B General Residential Contractor
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CR-34 Painting and Wall Covering
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B-3 General Remodeling and Repair Contractor
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CR-37 Plumbing
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B-4 General Residential Engineering Contractor
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CR-39 Air Conditioning and Refrigeration
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R-2 Excavating, Grading and Oil Surfacing
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CR-40 Insulation
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R-3 Awnings, Canopies, Carports and Patio Covers
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CR-45 Sheet Metal
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R-7 Carpentry
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CR-60 Finish Carpentry
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R-8 Floor Covering
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CR-61 Carpentry, Remodeling and Repairs
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R-9 Concrete
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C-7 Carpentry
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R-10 Drywall
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C-8 Floor Covering
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R-11 Electrical
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C-9 Concrete
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R-14 Fencing
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C-10 Drywall
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R-17 Structural Steel and Aluminum
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C-11 Electrical
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R-21 Hardscaping and Irrigation Systems
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C-14 Fencing
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R-31 Masonry
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C-21 Hardscaping and Irrigation Systems
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R-34 Painting and Wall Covering
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C-24 Ornamental Metals
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R-37 Plumbing (including R-37R)
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C-31 Masonry
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R-45 Sheet Metal
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C-34 Painting and Wall Covering
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R-48 Ceramic, Plastic and Metal Tile
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C-37 Plumbing
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R-60 Finish Carpentry
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C-38 Signs
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R-61 Carpentry, Remodeling and Repairs
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C-39 Signs
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R-62 Minor Home Improvements
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C-45 Sheet Metals
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R-65 Glazing
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C-48 Ceramic, Plastic and Metal Tile
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KA Dual Engineering
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C-60 Finish Carpentry
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KB-1 Dual Building Contractor
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C-61 Carpentry, Remodeling and Repairs
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KB-2 Dual Residential and Small Commercial
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C-65 Glazing
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Conclusion
We know that there are many different insurance agencies you can choose from. Wilson Insurance endeavors to earn and retain your business with our customer focus, claims advocacy, COI compliance, and niche market approach. We want to build your insurance confidence so you achieve operational excellence. If you stumble along the way, we want to pick you up and help your organization thrive.
If you want to do business together, you can reach me at 480-964-2400 or at justin@wilsoninsuranceaz.com.
Justin Chappell
VP Business Development
Wilson Insurance