Ghost policy . Makes me laugh.
To me thats always been a way to demean someone's ins. (usually by someone who had never bought a policy.) And maybe I'm wrong if i am I'll stand corrected.
I heard that once in regards to workmans comp. The owners in SC are ot required to carry wc on themselves. But any employees they have will be covered. Thats a choice the owners make.
Some of these insurances now can quite expensive. But a million is a million on a GL. 2 million is 2 million etc.
With the prices as they are on alot of this work too much of this insurance will take the profit right out of a job. Especially these really high limits and some of these balloon policies.
On the other hand,,,,, if you are involved in a accident a million or 2 may not go far if a few people are seriously hurt. And if the insurance limits are maxed out You and/or your company may owe the rest.
But really when you think about it , how many policies have you ever seen where they did what they were supposed to?? maybe they are all GHOST policies
Re: How to become a Prime for Spectrum?
Member #: 22394
Registered: 3/15/2003
Posted:
460
Name:
Shane Fountain
Name:
Shane Fountain
Company:
H&F Catv
Occupation:
Coax&Fiber Construction/Splicing
Location:
S.C.
Personal:
early 50s
Experience:
~31 years
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