What Affects Your Electrical Contracting Insurance Premiums

Join Jason Levine from Harry Levine Insurance as he explores the various factors that impact your premium rates, including payroll, subcontractors, proof of insurance, gross receipts, and more. Discover how commercial auto insurance differs from personal auto insurance and why driving records play a minimal role. Gain insights into property insurance and how building characteristics such as square footage, construction type, and roof materials influence your premiums. Jason also explains the significance of loss history and its impact on underwriters' pricing decisions. Learn about the application of credits and debits in commercial insurance, and understand the relationship between your business's performance and insurance claims. Dive into the concept of the experience modification factor in workers' compensation and how it affects your premium rates. Lastly, Jason emphasizes the importance of running a safe and efficient operation to minimize risk and secure favorable insurance costs.
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