Liability premiums contracts partnership hardest hit
In Arkansas and across the country, contractors, general liability rates rise. Some entrepreneurs in other countries saw their prices increase 600-1000 percent. With the increase of debt is all that following the September 11 attacks on increasing Mold-indications to a decrease in supply by insurance companies in the market.
Contractors say there’s not much to be done, but the cost on to customers, and I hope that prices fall.
Steve Russell, President of First Insurance of Arkansas Little Rock, said the premium for the year 2003 should be an average increase of 10-15 percent of emergency must be regarded as contractors. In 2002, he said, it was customary for the contractor in Arkansas to see an increase of 50 percent or more.
Oaks, co-owner of Oak Brothers Inc. Little Rock, said: “It is not to say that (the responsibility of sentence) for costs (a project).”
A lack of insurance has also forced some from the operation.
Stephen Gary Pine Bluff Searles files Chapter 7 bankruptcy on June 23 for his company, SS-construction, according to a chain of events in conjunction with a $ 7000, it claimed at its insurance company during the year 2001.
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