SMRBAP
Supportive Member
Had another job rfq today where a company that is mainly a cc'er - completed a water loss, custy ended up with problems, and the cc'er is up the crick.
CC'er doesn't have restoration specific insurance - his insurer refused the claim, and now the cleaning co. is on the hook for all mold abatement and rebuild costs.
And it is significant damage.
I know the co. and it is likely to put their lights out for good unfortunately - maybe even on the streets if his company isn't structured to protect him personally.
Something to consider sooner than later gents.
Even a frivolous suit can cost hundreds of hours and tens of thousands just to get to arbitration.
Check your coverages - make sure you will be covered on restoration specific losses, and make sure there isn't a mold exclusion or unreasonable limits, having a $5k-10k cap isn't even close to enough.
CC'er doesn't have restoration specific insurance - his insurer refused the claim, and now the cleaning co. is on the hook for all mold abatement and rebuild costs.
And it is significant damage.
I know the co. and it is likely to put their lights out for good unfortunately - maybe even on the streets if his company isn't structured to protect him personally.
Something to consider sooner than later gents.
Even a frivolous suit can cost hundreds of hours and tens of thousands just to get to arbitration.
Check your coverages - make sure you will be covered on restoration specific losses, and make sure there isn't a mold exclusion or unreasonable limits, having a $5k-10k cap isn't even close to enough.