Discussion:
General Liability Insurance

Hey business owners.

Little bit about us, we have been in the industry since 1979 have had zero claims and have struggled every single year to get liability insurance.

I'm curious, is it just us?

We pay a insane premium because of this and over and over are told that underwriters will not insure forklift companies. Now I'd totally understand that if all of us were offing people daily however comparing say automotive to forklifts there is a h3ll of a lot more risk in the automotive sector simply due to the cars being on public roadways.

Anyways let me know and if you have a insurance company that you like and doesn't bend you over please put it down. Maybe if we worked together (I know scarry thought for us in this industry) we could actually have a decent chance at insurance.

I am also leaving reviews now for insurance brokers if they won't even try to insure us like Zensurance who I left a review for today. Literally wrote reason for denial is "forklift repair" lol.
  • Posted 11 Apr 2024 01:16
  • Modified 11 Apr 2024 01:20 by poster
  • Discussion started by Patrick_Reakes
  • British Columbia, Canada
Showing items 1 - 1 of 1 results.
You are somewhat correct. Insurance companies in Canada hate the forklift industry and try to refrain from conducting any business with us. Not sure what aspect you are involved in the Canadian forklift industry, but we, as a specialized forklift safety training firm have liability insurance, which I may add is expensive, however, error and omissions is extremely difficult and expensive. I do not require such a policy, Ill leave that to my competition however, you should be able somehow obtain liability insurance.
  • Posted 19 Apr 2024 06:49
  • Reply by dan_m
  • Ontario, Canada
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Member of the Board of Directors, Logistec
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May 30-31, 2024 - Singapore, Singapore
June 11 - 13, 2024 - Rotterdam, Netherlands
October 23-25, 2024 - Ningbo, China