s/g's million dollar car ins policy - REO Property Preservation Forum
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post #1 of 31 (permalink) Old 09-04-2014, 11:32 AM Thread Starter
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s/g's million dollar car ins policy

Has anyone else got asked for this.. Why do they need a million dollars.. what is the reason?

i have 4 crew trucks 2vans and 2 refresh cars so ill be paying almost an extra grand every month.. S/G said you cant have an umbrella and needs to be all incase of accidents.. what accidents.. what is my truck going to do that my genral cant pay for...
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post #2 of 31 (permalink) Old 09-04-2014, 05:51 PM
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Has anyone else got asked for this.. Why do they need a million dollars.. what is the reason?

i have 4 crew trucks 2vans and 2 refresh cars so ill be paying almost an extra grand every month.. S/G said you cant have an umbrella and needs to be all incase of accidents.. what accidents.. what is my truck going to do that my genral cant pay for...


drop them, spend the time in the phone book calling realtors, or rental management companies, when you see a for sale sign call the number and ask if they need a contractor, if you can market your business right you can sell snow to a Inuit.. but on the other hand they want quality work but with that comes quality pay and more profit.. stay thirsty my friends!!
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post #3 of 31 (permalink) Old 09-04-2014, 10:09 PM
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To cover the possible "lost/fallen" items off your debris trailer or truck and kills someone or forbid multiple persons..... Yes it does unfortunately happen
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post #4 of 31 (permalink) Old 09-05-2014, 08:49 AM
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I fail to see any scenario where SG would be exposed to any liability

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To cover the possible "lost/fallen" items off your debris trailer or truck and kills someone or forbid multiple persons..... Yes it does unfortunately happen
from something falling off my truck. It is far more likely a way to steer vendors to one of their agents.
Legally, making that assertion is analog to me driving to the landfill with roofing debris from one of my private clients and expecting the homeowner to pay if something goes wrong. I know lawyers can try to twist things, but that's a stretch.
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post #5 of 31 (permalink) Old 09-05-2014, 01:25 PM
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We added it for one car only. It didn't cost any extra. Now we don't do any P&P work for them any longer. Also we only worked with people on sub basis, otherwise we would be broke. We didn't provide any vehicles for any crews. If you have employees, you have to cover them with WC which is another story
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post #6 of 31 (permalink) Old 09-05-2014, 10:59 PM
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from something falling off my truck. It is far more likely a way to steer vendors to one of their agents.
Legally, making that assertion is analog to me driving to the landfill with roofing debris from one of my private clients and expecting the homeowner to pay if something goes wrong. I know lawyers can try to twist things, but that's a stretch.
Boy are you wrong. I won't say here on a forum open to ALL eyes but..... Not only are you liable but possibly criminally too. 5 yrs in the pokey is NOT kidding around. No it was not me BUT a sub.
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post #7 of 31 (permalink) Old 09-05-2014, 11:26 PM
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Boy are you wrong. I won't say here on a forum open to ALL eyes but..... Not only are you liable but possibly criminally too. 5 yrs in the pokey is NOT kidding around. No it was not me BUT a sub.
I have said it before. If DOT would start enforcing people have proper equipment, it would help a lot of the problems we have with these companies. Fining guys pull large trailers with to small of trucks or cars. I know around here dot pulls you over hauling trash you can tell them your cleaning out your garage or barn, you will only get away with it for only so long. I know there not pulling over all the people in are area, see to many unsafe loads . seen a contractor pull into dump pulling a 16' trailer loaded as high as the cab of his truck. Was pulling it with a newer Nissan Frontier, load was pushes his truck when he tried to stop. They only had 1/2 the load tarped down. I sure this is one of the go to guys that will do a trash out for a third of what I`ll do it for. If DOT catches him he will be looking at $1500 to $2500 fine. this would help keep the low ballers out of the game!
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post #8 of 31 (permalink) Old 09-07-2014, 11:17 AM
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I did not say that I would not be liable

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Boy are you wrong. I won't say here on a forum open to ALL eyes but..... Not only are you liable but possibly criminally too. 5 yrs in the pokey is NOT kidding around. No it was not me BUT a sub.
I said, I could not imagine a scenario where the client would be. Of course the owner/operator of the vehicle is liable. It is a stretch to say the client would be liable with all the protection afforded them in their contractor agreement.
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post #9 of 31 (permalink) Old 09-08-2014, 12:28 PM
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I said, I could not imagine a scenario where the client would be. Of course the owner/operator of the vehicle is liable. It is a stretch to say the client would be liable with all the protection afforded them in their contractor agreement.
Oh yes...the client can be liable as well. If the owner doesn't have any money, they go to the next guy. Seen it happen in my previous profession. This is yet another reason homeowners are incouraged to ask about being insured AND the limits, just to cover their own asses.

Edit; As far as the idea of "all the protection afforded them in their contractor agreement" it doesn't hold water as most any contract. Contracts are more of a feel good thing than an all or nothing deal.

Edit; Not to mention there isn't a clause that states the client can't be sued if you kill someone with debris falling off your trailer/truck (just an ex...) and it doesn't matter if it did. Tell that to the family of the deceased and let me know how that goes for ya.
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post #10 of 31 (permalink) Old 09-08-2014, 01:37 PM
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I understand that losses that occur on the subject property

can be sometimes under limited circumstances be claimed against the homeowner, I understand that the Agent,Bank or Broker,Investor etc. can also assume some liability. However I do not see a scenario where the main contractor would be liable for something falling off the truck of one of his subs on a public roadway. I will try to find a case that proves me wrong, your example of the property owner being responsible for those he allows on the property,or in some states even trespassers. is not at all an example of the case in point.


Note: we are not talking about transportation/cargo/heavy hauling type contracts. That is also something else.
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