This has become a major issue for Contractors in the State of NY. Fall claims have driven up the cost of insurance and a lot of standard insurance carriers in NY are no longer writing contractors that have a height exposure. This applies to carpenters, electricians, heating and air conditioning contractors and commercial snowplowing just to name a few. It is not so much the fact the insurance companies even end up having to pay out anything on these types of claims. However, the insurance companies still have to hire and pay an attorney, go to court and then pay any required claims. This could take years to finalize and cost insurance companies hundreds of thousands of dollars just in attorney fees.
If you have had continuous insurance and have a good claims history and have a safety plan in place there is a good chance you can still get insurance with one of the standard carriers in NY.
Following are some resources to develop your own safety plan:
Once you have a safety plan in place it is important to give a copy to your employees, go over it in detail and have them sign off on it. It is important to do this at least once a year and definitely upon hiring someone new. Check for updates too.
If you are interested in more information or a quote, please feel free to contact us at www.tiains.com