68
RISK MANAGEMENT
ACT
FEBRUARY 2014
insurance companies he deals with, the
fewer the headaches, not to mention the
better the terms and pricing. This becomes
even more important if the event of a large
loss.
In the crane and rigging industry, your
insurance program should cover every
aspect of your business operation. There
shouldn’t be an accident scenario where
you’re left liable on your own, with no
course for indemnification. Everyone
assumes that when they have an accident,
their insurance company will pay for
it. This is completely true as long as the
accident is considered a covered loss. That
is, the cause of the accident is covered
under the terms and conditions of your
insurance policy.
Expertise to count on
How about industry experience and
knowledge of the rating structures and
pricing models used by the companies
underwriting your organization? Your
agent is the sole individual standing
between you and a multi-million dollar
insurer. The team at Brennan & Stuart
can prove their expertise. “As agents who
specialize in the heavy transportation and
rigging industry, we bring a menu of value
added services to the table,” says Luna. “I
can’t say enough about the coverage and
endorsements in the specialized carrier
and rigging industry.”
She continues, “If your agent doesn’t
understand that truck cranes should be
insured under a general liability form with
a revised mobile equipment definition
instead of an automobile form or that
the boom overload exclusion should be
removed from your inland marine form,
it’s time to find a new agent.”
Work with the best when it comes to
your insurance and risk management
program. Insist on someone with
experience who understands your business
and the industry as a whole. Someone
who has worked with similar companies
to yours and demonstrated value in
coverage and services, not a low premium.
Ultimately, how can you afford not to?
■
If your agent doesn’t understand that truck
cranes should be insured under a general liability form
with a revised mobile equipment definition instead of an
automobile form or that the boom overload exclusion
should be removed from your inland marine form, it’s
time to find a new agent.
‘‘
”
MICHELLE LUNA
Brennan & Stuart, Inc.
