Hello,
I own a commercial cleaning company in Texas. We subcontract about 30% of our work and have strict requirements when it comes to insurance coverage from our subs. However, we just can’t see to get past underwriting. Our revenue is too high for Hiscox, which seems to be another road block. Any suggestions on who to turn to? We’re working with multiple brokers.
Repeatedly Denied Business Insurance
byu/True_Ad602 inInsurance
Posted by True_Ad602
3 Comments
Why are you getting denied? They must be giving reasons.
*Multiple* brokers is likely tripping you up since they’re probably all crossing paths and giving up. Find one that is the most competent (i.e., is willing to sit with you, answer all your questions, and ask a ton of their own) and have them get to work.
Contrary to popular belief, for many businesses, there aren’t hundreds of options. My specialty (not commercial cleaning), there’s really only 2 or 3 viable insurers for any given risk; and if a risk isn’t properly brokered/presented, it’s an automatic declination.
Also, DIYing business insurance (going direct to, among others, Hiscox), is a **really** bad idea.
Commercial cleaning is one of the easiest classes to insure. 30% subs is maybe borderline but shouldn’t be a deal breaker. As someone else said, you need one good agent. You definitely should not be working with multiple agents. Unlesyou’ve got a bunch of claims or are doing something other than commercial janitorial there shouldn’t be any problem. But yeah if your website is advertising mold remediation then you’re not commercial cleaning, that’s e&s. But again even if you have something not fit for standard markets, a competent agent should have gotten you brokered quotes.