Sunday, May 10, 2009

old subject

Lets bring up the insurance issue again. Who is freaking out when they get a quote for insurance?Lets say you had a policy in another state that was $1000. You move to a bigger market with no established pedicab market. Quotes come in from two "in the pedicab insurance" businesses and quotes are $4000 and $4600? WHAT?? Is that what all pedicabbers you insure pay? I will not do it. $4000 is a lot of cabbin' just to break even. What is up?

Posted by Gike at 6:28 PM

1 comments:

Tez said...

Insurance is one of the most difficult challenging issues for the pedicab industry overall. As a "fringe" industry, there aren't a lot of agents/brokers/underwriters who understand it. Plus, some less than scrupulous operators have dirtied the reputation of the industry. This allows insurance companies to pretty much charge whatever they want. Sometimes it seems like they're just pulling numbers out of their collective asses. Recently, I've heard that owners are getting better results/quotes by going outside the pedicab insurance business and talking to a local broker. If it helps, you're not alone in this dilemma. Good luck!

5/13/2009 4:02 PM

Post a Comment

Subscribe to: Post Comments (Atom)
Did you read all the way down here? That's awesome. Thanks!
Everything else you want can be found in the archives -- or in the cushions of your couch. Be well.
copyright 2006-2009
big tree pedicab management llc