Don Shanklin: Insure Success

By: scott.huish//January 2, 2019//

Don Shanklin: Insure Success

scott.huish//January 2, 2019//

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Q & A

Insure Success

Q: How do I make sure that my bid rates include enough overhead to cover my insurance costs?

A: 聽The most successful contractors adjust bid rates frequently to assure that insurance costs for each specific project are reflected in their bid estimate for the work. Insurance cost can be calculated on a percentage or labor hour basis to reflect lump sum, time and materials, or unit cost bid/estimate methodologies. If your insurance program includes deductibles, it is important to make sure that you add the cost of expected losses to your insurance estimates. |

To find out if your bid rates accurately reflect your insurance costs, contact Don Shanklin with Propel Insurance at 503-467-2826, [email protected].