Broke: The Broken Contractor's Insurance System and How to Fix It
- ISBN-10
- 1599321068
- ISBN-13
- 9781599321066
- Series
- Broke
- Category
- Business & Economics
- Pages
- 120
- Language
- English
- Published
- 2009
- Author
- Robert Phelan
Description
The system is broken: Construction CEOs are buying contractor's insurance based on the lowest premium, and the ""savings"" are costing them a fortune: up to $20 lost for every claim dollar spent. The status quo can break a growing company, because brokers get paid their commission, whether or not they help prevent claims, manage risks or improves safety -- and in most cases, they don't. Contractors can go broke: driven into bankruptcy by hidden exposures and insurance loopholes that leave them blind-sided to their biggest risks. Construction Risk Advisor Robert Phelan deconstructs the broken system with common-sense ideas to fix it: ways to help prevent the high cost of low-priced coverage and keep contractors from the dangers that can bring down their business.
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Other editions
-
- 2021-02-16
- 288 pages
- Ebook
- University of Chicago Press
-
- 2019-11-19
- 352 pages
- Ebook
- St. Martin's Press
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