b'Insurance Notesb. Notice of cancellation should ensure you are informed if a subcontractors general liability insurance islimits of insuranceUmbrella or Excess Liability Insur-cancelled. This allows you to take measures to stop the subcontractors work; require them to confirmance). If the subcontractor cannot formally confirm hot they have replaced their insurance coverage or appoint another subcontractor/use your own resources towork coverage from its insurer, dont award it the work. complete the work. To be certain of notification, it is prudent that the additional insured and cancellation9.Supply your insurance broker with a copy of your health and notice agreement are added to the subcontractors general liability insurance by endorsement (a changesafety Certificate of Recognition if you have achieved this.to the policy) as opposed to accepting only a certificate of insurance which often contains vague wording10.Try to negotiate a Limitation of Liability in contract indemni-such as endeavour to, possibly relieving the insurer of issuing notice. fication agreements and keep track of your success. c.If the subcontracted work involves hot works, the subcontractors certificate of insurance should confirm11. When renewing your liability insurance ask all officers and that the subcontractors general liability insurance includes hot works coverage (and if necessary to completeemployees to confirm that they are not aware of any situ-ation that could give rise to a claim against your companybe it verbal or in any written form, including a legal state-ment of claim. Note: Failing to report any claim situation where proof is later established that there was prior knowl-edge could at the least adversely affect the insurers ability to provide a defence and, at worst, result in your policy being rendered null and void. 12. I f your company sustains an accident that becomes a claim against your current or prior insurance, communicate any changes you have made to corporate procedures to ensure the situation does not reoccur. Communicating lessons learned from claims demonstrates to underwriters and insurers that you practice risk management and loss prevention.13. Agreeing to a higher deductible. At times when insurancebecomes more expensive, demonstrating that you are risk aggressivebyassumingagreaterlevelofself-insurance, such as a higher deductible, will achieve some extent of savings. Unfortunately in roofing the savings may not be as great as you would expect for roofing liability exposure; however, from underwriters perspective, a roofing fire more often than not will exceed the annual cost of your insurance by multiples. Its not all about the savings, but showing the underwriter you are willing to share in more risk assumption will create a more stable long-term relationship between you CAN YOU and your insurer. SPOT THE LEAK? Consider prohibiting smoking ILD can,on the roof and in the work all of them. area, and arrange designated smoking areas off the jobsite.It takes an exceptional technician to nd every leak in a green roof membrane. To weed out the false positives, to isolate the exact location. ILD is renowned for its expertise on greenThere are many ways to control risk to your operation, which roofs. We nd breaches that others dont, in turn reduces the risk to your insurer, which could positively and we do the job right the rst time. impact the cost of your liability coverage. If you apply any of the SAVE YOURSELF SOME GREEN. foregoing, share them with your insurance broker so they can in turn share them with your insurer. CALL ILD FIRST.Without question, the singular most impactful way today to reduce the cost of your general liability insurance is to reduce the extent of torch applied roofing you perform annually. Torch fires have the greatest impact THE ORIGINAL on insurers. Water damage losses are increasing in frequency and cost per claim, but they do not even come close in severity annually to the cost of a AND STILL THE BEST. single catastrophic fire.Toll Free: 1.866.282.5325In a time of open communication, social media and information shar-ing for the common good, if you have suggestions to share or any ques-info@leak-detection.com tions for me, please email me at simon@fenninsurance.com; or, if you prefer, email your association. Any risk management and loss prevention practices will be greatly appreciated by the majority in your industry, as they will in mine. 18ONTARIO ROOFING NEWSISSUE 2 2019 THE ONLY SOURCE FOR PROFESSIONAL ICI ROOFING CONTRACTORS IN ONTARIO ORN'