A Message from our Sponsor: This episode is brought to you by Insuramax. Our team specializes in providing tailored insurance program solutions for elevator contractors, having over 20+ years of experience with new-to-operations or some of the Top 10 companies, and understands the unique risks associated with installation, maintenance, and repair. We will work closely with you to design comprehensive coverage plans that protect against liabilities, property damage, and operation disruptions while working to provide the most competitive pricing. For more info, visit insuramax.com or call Alan Jones at 502-648-7496.Intro:This episode of Elevator Tools and Tech is brought to you by Insuramax, a trusted provider of insurance solutions for elevator contractors. Today, I'm talking with Alan Jones, Vice President of commercial lines for Insuramax, with over 20 years of industry experience. Alan understands the unique risks of the elevator industry and has helped create a comprehensive insurance plan to protect your business. You can learn more at insuramax.com or give Alan a call.Summary:Alan Jones, Vice President of Commercial Lines at Insuramax, discussed his 25-year experience in insuring elevator contractors. He highlighted the importance of proactive claims handling, which has led to a 16% loss ratio since 2020, resulting in significant rate decreases for clients. Jones emphasized the need for comprehensive insurance coverage, including labor law and residential exclusions, and the benefits of quarterly claims meetings and contract reviews. He also noted the success of his program in reducing renewal costs and supporting new startups, offering competitive rates and personalized service.

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