» Contractors insurance for Oklahoman companies

 
Post new topic   Reply to topic    Roofing Business Talk
 View previous topic View next topic 
Author Message

Aadvantix Roofing




Joined: 06 Jun 2009
Posts: 14
Location: Edmond, OK
PostPosted: Tue Jun 23, 2009 11:04 pm    Post subject: Contractors insurance for Oklahoman companies Reply with quote
I heard that if you add construction into your company name, your insurance prices become significantly cheaper, can anyone verify this? Also, who it a good insurance carrier/firm to go with? Thanks guys.
Back to top
View user's profile Send private message
 

ed the roofer




Joined: 18 Dec 2006
Posts: 1375
PostPosted: Tue Jun 23, 2009 11:40 pm    Post subject: Reply with quote
They classify the actual jobs that you do, by SIC Code, (Standard Industrial Code), and at Audit time each time the policy gets checked out, they need to see what type of work you are doing.

If you told them you were doing carpentry work and only paid 8% of payroll and they found out that you were doing roofing work, then the audit would result in you owing the difference.

Ed
_________________
Stay Tuned For Our Soon To Be Released Informative And Helpful Website
http://www.rightwayroofingcompany.com/ www.rightwayroofingcompany.com
Back to top
View user's profile Send private message Send e-mail
 

Aadvantix Roofing




Joined: 06 Jun 2009
Posts: 14
Location: Edmond, OK
PostPosted: Wed Jun 24, 2009 3:25 am    Post subject: Reply with quote
Well that's definitely good to know. I am glad you informed me of that. Thanks Ed.
Back to top
View user's profile Send private message
 
Display posts from previous:   
Post new topic   Reply to topic    Roofing Business Talk All times are GMT
Page 1 of 1

 
Jump to:  
You cannot post new topics in this forum
You cannot reply to topics in this forum
You cannot edit your posts in this forum
You cannot delete your posts in this forum
You cannot vote in polls in this forum


Disclaimer

The information and advice provided by the community are for informational purposes only. The site owner and users assume no liability for any errors or misunderstanding in the content, or for any actions taken in reliance thereon. Before making any decisions or taking any action, it is recommended that you consult with a local roofing professional or building official. Roofing can be hazardous. Make sure you protect yourself by using all the appropriate safety procedures.