Liability Insurance - CANCELLED

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Author Message David G. Axt, CDT, CCS, CSI, SCIP Senior Member Username: david_axt Post Number: 2080 Registered: 03-2002 Posted on Monday, June 10, 2024 - 12:08 pm:    My insurance broker just informed me that my liability insurance would not be renewed because I am not a "licensed professional." I have been in business for myself for 11 years writing specifications and 27 years prior in architectural firms. I have worked on hundreds of projects with NO significant issues or a claims. So now what do I do? David G. Axt, CDT, CCS, CSI, SCIP Specifications Consultant Axt Consulting LLC Edward R Heinen CSI CDT CCS LEED-AP Senior Member Username: edwardheinen Post Number: 16 Registered: 04-2022 Posted on Monday, June 10, 2024 - 12:18 pm:    Get another insurer. My previous insurer proposed to double my premium rates upon my renewal. I now carry insurance through biBerk (Berkshire Hathaway). It was a very easy online process, less $, same coverage. John Bunzick Senior Member Username: bunzick Post Number: 1933 Registered: 03-2002 Posted on Tuesday, June 11, 2024 - 03:54 pm:    It seems there is all sorts of turmoil in the insurance industry in all lines. I'm on the board of a non-profit that had it's business owner's, fine art, and workers' comp policies non-renewed (we found other, better coverage). I also had to get new carriers after one of my own personal policies had a 70 percent increase. I live in the Boston area - no wildfires, no floods, no earthquakes - but still crazy. Many insurers are facing huge hikes in re-insurance markets, and with insured catastrophes, are pulling back in response.