Three Ways to Elevate Your Telecom Coverage
September 29, 2017
As a telecommunications company, there are a number of hurdles to overcome when working to become properly insured. However, we are happy to let you know that there are strategies to overcome these obstacles and make sure you are fully covered. Here are three tips to help you elevate your telecom coverage.
- Know Your Major Hurdles
Some of the major hurdles to consider are:
- Very few insurance companies are equipped to provide coverage for the telecom industry, mainly due to height exposure and increased risks.
- The minimum premiums required by insurance companies can be as much as $75,000 per year. High minimum premiums such as this are not reasonable for smaller companies.
- Finding proper workers’ compensation coverage to cover employees outside of their home state is challenging for small businesses. Unfortunately, smaller telecom companies obtain workers’ compensation coverage through the various state-assigned risk pools, which are expensive and offer limited coverage.
- Educate Yourself
With so many different hazards to consider, becoming properly insured can be overwhelming. Educating yourself on all your different options can relieve some of the pressure and ensure that you are well prepared. A great resource for education is the USA Telecom Insurance Services blog where you will find a plethora of topics on risk and readiness.
A few of the most pertinent articles include “Top 10 Risks in the Cell Tower Industry”, which runs you through the most common threats you will encounter in the industry. Safety is important, and an ounce of prevention is worth a pound of cure when it comes to avoiding accidents. Also, the article entitled “What Types of Insurance Does Your Industry Need?” will run you through the distinct types of insurance, why you would need each, and their specific benefits. In this must-read article, we break it down so you know exactly what you need to be properly covered.
In addition to these two educational pieces, the USATIS blog will walk you through everything from tragedy management teams, to workers compensation, and everything in between.
- Call the Experts
The best way to elevate your telecom coverage is to call the experts. When you choose USA Telecom Insurance Services, you’re choosing a company that not only caters specifically to the telecommunications industry, but one of the few in the country that offers an “All Lines” insurance program for telecommunications contractors in the United States. Our A+ admitted insurance carrier meets all contractual demands of telecom contractors. With annual premiums for a line starting at just $20,000, there’s no reason to wait. Contact us today at 800-645-8699.