Masonry Magazine August 1969 Page. 21
In Other Words...
By Walter T. Derk
MCAA Insurance Consultant
Much has been written about insurance but many times the specific question which you would like answered is not covered. Readers are invited to submit questions on any insurance matter. While all may not be answered via this column, every question submitted will be studied and answered by Mr. Derk personally.
Question:
What liability limits would you suggest we carry, as a minimum?
Answer:
An impossible question to answer, since it all depends upon an unknown quantity-what kind of loss experience you are going to have. However, since your gross receipts exceed $500,000 annually, anything less than 100/300 Bodily Injury and 100/100 Property Damage, superimposed by a layer of $500,000 or, better yet, $1,000,000 Umbrella Excess Liability coverage is foolhardy.
Question:
Does MCAA offer any kind of disability benefits coverage for its members?
Answer:
Not yet, but we are working on such plans now and will shortly submit the best of them for consideration and endorsement. You are right in calling attention to its need-most of us are well protected in the event of death, but a lengthy disabling illness is another matter entirely. We expect to fill that gap within the next few months.
Question:
We recently damaged someone's property on a job site and my insurance company ruled no coverage because of the "care, custody or control" exclusion under my General Liability policy. Are they right?
Answer:
Yes, it looks like they are. Ironically, a Broad Form Property Damage Endorsement is available to cover this very thing, and it costs relatively little premium. In this case its purchase could have saved you around $2,000. I'd give your insurance man hell if he didn't tell you about it before this happened. That's his job.
masonry August, 1969
MORGEN
Scaffolding Avoids $5,000 Per Week
Penalty on Load-Bearing High Rise
Winter Enclosure Permits
Work in Coldest Weather
On a load bearing masonry high rise outside Detroit, changing from working overhand to working on Morgen Scaffolding saved the day for Mast Construction Co., Toledo and Detroit.
"We bid the job figuring we could do a floor a week on alternate towers," Joe Mast reported. "But after the first three months, we had only three floors completed on each tower. Because of the cut-up floor plan, it was almost impossible to work over hand efficiently. The masons were in each others' way, material was congesting the work area, and other trades were being held up. Payrolls, general overhead and interest rolled on and a $5,000 a week penalty clause hung over our heads."
"Then someone recommended Morgen Scaffolding. In addition to increasing production, the use of Morgen Scaffolding eliminated the bottleneck that slowed down all trades. It took the masons off the floor and put them outside the building. We got more production in the last six weeks with Morgen than in the previous three months without it! And that's with the same number of men!"
The completion date required working through the winter, so Mast purchased the winter enclosure brackets available as an accessory for Morgen Scaffolding. These permitted enclosing and heating the masonry work area even in the coldest weather. By acting as a windbreak, the enclosure also offered protection to other trades working on the exposed floor.
Morgen Scaffolding consistently increases masons' production 20% or more. The winter enclosure system lets you work the year around, keep good men and take more jobs. Write for complete information today!
MORGEN MANUFACTURING CO.
Box 160-G8 Yankton, S. Dak. 57078
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