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re: Commercial insurance / legal question

Posted on 9/17/14 at 7:37 am to
Posted by Chad504boy
4 posts
Member since Feb 2005
170137 posts
Posted on 9/17/14 at 7:37 am to
Some companies when you hit certain premium levels, it's just the way it is. His concern should be having the best Policy, coverages, and premium and not not having to submit financials
Posted by Placebeaux
Bobby Fischer Fan Club President
Member since Jun 2008
51852 posts
Posted on 9/17/14 at 8:22 am to
We do GL audits every year after the term. Every other GL wants gross sales and that's no problem. This GL wants tax returns for the past four years and a whole bunch of other stuff including resumes . I can give them gross sales but a resume after being in business for 10 years is ridiculous.

All of this could have been avoided if the agent would have disclosed this info to me before and not after the renewal.
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