The Insurance game
Printed From: Carpet Cleaning Forum
Category: Carpet Cleaners Discussion
Forum Name: Carpet Cleaners Hangout
Forum Description: General discussion on anything related to carpet cleaning
URL: https://www.kleenkuip.com/forum/forum_posts.asp?TID=4228
Printed Date: 25/February/2025 at 7:29am
Software Version: Web Wiz Forums 12.06 - https://www.webwizforums.com
Topic: The Insurance game
Posted By: Just Ol' Willy
Subject: The Insurance game
Date Posted: 25/September/2007 at 8:57am
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For the sake of your business, review and check your business insurance policies. A little over a year ago, I dropped my van off to get some work done on the suspension. the mechanic told me to come back in an hour, so off I went. My phone rang, it was the mechanic telling me my van "had a fire". I figured how bad can it be? As it turned out- REALLY BAD. While loosening off a rusty bolt with a torch, he managed to catch the interior on fire. EVERYTHING was a write off. My equipment, the van, any personal items, all gone. Ah, but what the heck, I had INSURANCE!!!!Shouldn't be any problem right? WRONG. My van, with its new $3000 transmission, $1500 front end, new rear diff, new front drive shaft (4WD) and over $8000 in the previous 6 months in bills got me $5200. My equipment, replacement value $13,000 + , by the time it was screwed with by the adjustor, got me a big , fat cheque for $3500. WHOOPEE! My little business nest egg that I had so lovingly built up for some expansion, was decimated. I had to borrow bank money to keep afloat. It put a lot of strain on my family life, not to mention the personal toll. For pete's sake check and review your insurance policies. Be sure to take the time to go over EVERYTHING with the broker. your career and business can "evaporate" in a few moments. |
Replies:
Posted By: doug
Date Posted: 25/September/2007 at 2:04pm
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Willy I went threw that a few years back I lost some drying equipment when a place reflooded. At that time I realized if the equipment is over a year old it is worthless in their eyes. After the deductible I got squat. I see nothing has changed. ------------- Just My opinion |
Posted By: cleanex
Date Posted: 25/September/2007 at 2:14pm
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Someting wrong with that picture, so the mechanic gets off scott free he caused the fire what about his insurance! ------------- DON ELDRED YOU CAN "STAND" ON OUR REPUTATION |
Posted By: nightrider
Date Posted: 25/September/2007 at 2:20pm
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Posted By: Just Ol' Willy
Date Posted: 25/September/2007 at 2:24pm
Provincially run insurance that covers all mechanic shops too and shop policies. My insurance company went after ICBC and subrogated the claim. The bull$hit i would have to go through to get a couple of thousand more was insane and not worth my time. Great Northern Shield? It only covered their a$$. I hear you loud and clear Doug. Here I was, merrily skipping away, figuring i had it all covered, when my ass(ets) were out to the northern wind, unshielded. I'm just on my way out to renew my auto insurance now- I'll pay in cash, Who knew that currency made such rough toilet paper?  |
cleanex wrote:Posted By: Just Ol' Willy
Date Posted: 25/September/2007 at 2:27pm
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Naw NR - Just really busy. An adult CCing board I go to: http://com2.runboard.com/bbobsboard Wear asbestos. I have managed to stamp out the porn posts finally.  |
Posted By: Steaminpile
Date Posted: 26/September/2007 at 11:18pm
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porn is good ------------- A.K.A. Andy |
Posted By: Just Ol' Willy
Date Posted: 27/September/2007 at 12:37am
| Andy!!!! How ya doin bro? Didja get that machine? |
Posted By: Mr. Slide
Date Posted: 27/September/2007 at 1:02am
We are at this moment confirming a sighting of a Lincoln Town Car in Vegas with a body in the trunk. (is this Kenny???) ------------- http://qcsliders.com - http://qcsliders.com !!!Check this out!!! Put a Slide Not a Glide on your Wand, and do a better job! |
Posted By: Mr. Slide
Date Posted: 27/September/2007 at 1:41am
They took his shoe's, but left the Glide! ------------- http://qcsliders.com - http://qcsliders.com !!!Check this out!!! Put a Slide Not a Glide on your Wand, and do a better job! |
Posted By: cmaster
Date Posted: 27/September/2007 at 9:35am
He's gonna ship it to them by Kenpost  ------------- 
The STD Meter |
Posted By: ChemicallyFried
Date Posted: 27/September/2007 at 7:19pm
Generally liability is the least of our worries. Workers Comp is set up like a plague that burns you no matter where you run. Youre entrepenuer (check spelling on that) spirit is drying up as you are forced into corporate status to avoid workers comp insurance if you are a small biz getting started. As a mom and pop sole proprietor just getting started in biz, you have to incorporate as an LLC or Inc or pay about 30% of your income in some states towards workers comp insurance alone. Another trap set to collect more fees from you. They force you to incorporate and get an exemption to protect you from workers comp. The only problem is that it encourages you to remain small, as to grow in business means you would then have to pay workers comp, payroll fees and all the other BS to a payroll company, which is hard to afford. Thus the new business man without a million dollars or more is doomed in most cases to fail. Business lesson number 1....Find a rich bastard to fund your new business to expand  or you will be poor for years to come. ------------- I can remove more spots than you can. |
Posted By: John L
Date Posted: 30/September/2007 at 8:48pm
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Thats too bad Willy.. When i was 16 I worked at a truckstop and the mechanic started a car on fire torching exhaust pipe off.. Half the building went up in flames..
FULL COVERAGE.. is what you want..
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