International Door & Operator Industry

NOV-DEC 2013

Garage door industry magazine for garage door dealers, garage door manufacturers, garage door distributors, garage door installers, loading docks, garage door operators and openers, gates, and tools for the door industry.

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Advantages of the IDAssurance Program • General Liability, Automobile, and Workers Compensation written with Liberty Mutual Insurance Company – An admitted A XV rated Company by AM Best • $0 deductible on the general liability, workers compensation and automobile (Except $500 comp/ collision deductible) on all policies • NO residential exclusion • Ability to receive certifcates of insurance within 2 hours of the request via email ASSOCIATIONNEWS (continued from page 79) become members of the IDAssurance Program, may still have no coverage per their current general liability policy. We estimate that, approximately 50% of the IDAssurance members did not, at one time, have residential coverage and were paying for a policy that did not adequately cover those needs. to the IDAssurance Program primarily because of the defciencies in their current general liability policies (Residential exclusions, inadequate limits, high deductibles), as well as for economic reasons. To date, the average IDA insured has saved on average over 15% annually on his/her premiums. The International Door Association initiated the development of this program to give its members: The IDAssurance Program provides many advantages that the regular market place can not offer. These advantages include: 1. Broader insurance coverage at a competitive price, consistent with the excellent loss experience of most IDA members 2. Long term insurance availability during both "soft" and "hard" insurance markets IDA members from New York to California took advantages of the competitive rates and broad coverages and joined the IDAssurance Program. Many of the IDA members changed If you want additional information about the adv ant a g es o f t he IDAssurance Program, please contact Andrew Stergiou at 212-6030321 (astergiou@ alliantinsurance.com). Alliant Insurance Services, Inc. is the consulting broker for the IDAssurance Program and is one of the largest and most experienced insurance and surety bond brokerage frms in the country. 80 1. $0 Deductible on the general liability, workers compensation, and automobile coverages (Except $500 Deductible for comp/collision) 2. NO Residential exclusion 3. Ability to receive certifcates of insurance within 2 hours of the request 4. Broad and comprehensive coverage These endorsements and coverages are especially important for IDA members in the west coast, including California, Nevada, New Mexico, Alaska, Washington, and Texas. Many builders will not accept certifcates of insurance without specifc policy wording found in the Additional Insured Endorsement or without the above endorsements. Liberty Mutual is the insurance carrier for many of the IDAssurance members and is sponsored by the International Door Association. International Door & Operator Industry™ • Policies specifcally tailored for the IDA members • General liability with a per project aggregate of $5,000,000 • Broad and comprehensive coverage • Completed Operations for Additional Insureds • General liability, workers compensation, and automobile liability waivers of subrogation (Blanket Waiver of Subrogation) • Primary & Non-contributory endorsement TESTIMONIAL: The IDAssurance Program is a great service for its members and provided our company with competitive pricing and broader coverage. Andrew Stergiou and his staff respond immediately to all of our questions and forward the certifcates of insurance to our attention within 2 hour of the requests. They also provide the renewal quotes three weeks in advance (We were used to the other brokers coming in 24 hours before the policy expired). Not only did the program save us money on the policies, but it also allowed my offce staff to focus on our business. IDAssurance is a win-win program! We've been working with Andy and his staff for almost seven years now. It has been a pleasure every step of the way. Sara Dunshee, Overhead Door Company of Fresno, Fresno, CA

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