1 Small example of Government Regulation fucking a little guy....Me!

Discussion in 'Politics' started by Charles_Main, Aug 5, 2011.

  1. Charles_Main
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    Charles_Main AR15 Owner

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    So, Here are the Basics. I live in Michigan. For the last 25 Years I have worked in the Residential New Construction and Home Improvement Repair Industry in one way or another.

    About 15 Years ago I actually ran my own company doing roofing and siding and did pretty well.

    Well for Personal Reasons I have for most of the last 10 Years been working for other people rather than myself. However now with the economy the way it is. I have been trying to start up my own Roofing Company again. Believe it or not, while new construction is slow, the home Improvement Industry is doing well. People unable to move are instead putting money into their existing homes.

    Well anyways, As a roofer you are required by law to carry certain amounts of Insurance. Both to cover you and any workers when working on someones home, and here where I live I find out that unlike 10 years ago. I now have no choice and have to carry a min of 1.5 Million in Coverage in case we damage a home.

    Now 10 years ago you could get much less. most of the houses I work on are worth no more than maybe .5 Million. Why is it now law that I must carry 1.5 Million when I do not work on homes of that Value? Why Can't I carry .5 in coverage and if I do choose to work on a more valuable home, But a rider like you used to be able to do?

    It's just one example in millions where government regulations are to one size fit all, and stick it to us all.
     
  2. uscitizen
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    uscitizen Senior Member

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    If you only had .25 mil in liability ins would you only work on houses valued at 250k or less?
     
  3. HenryBHough
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    HenryBHough Gold Member Supporting Member

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    A property valued at $250,000 likely has on it a building worth $190,000 at best. The remainder of the 250 is in the land and water/sewer hookups that a roofer couldn't damage unless he tried to remove the old shingles with a D-8 Cat which fell off and plunged straight down and kept crawling vertically.

    I don't know too many roofers who use Cats.
     
  4. Cuyo
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    Cuyo Training a Guineapig army

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    :boohoo::boohoo:
     
  5. Trajan
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    Trajan conscientia mille testes

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    :eusa_eh:whats up with that?
     
  6. HenryBHough
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    HenryBHough Gold Member Supporting Member

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    "Liberals make pretty babies"

    Love the ambiguity of that word "make"!

    Not a child safe so long as liberals are allowed to roam free.

    Remember Ted-the-Swimmer?
     
    Last edited: Aug 5, 2011
  7. Mr. H.
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    Mr. H. Diamond Member

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    I would imagine that your worker's comp premiums will dwarf that liability premium.
    Besides, can't you just work it into your bid?
     
  8. Cuyo
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    Cuyo Training a Guineapig army

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    I dunno Traj, feeling particularly nasty tonight. It's not so much this individual post as it is how much of an idiot he is in general. :dunno:
     
  9. Grampa Murked U
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    Grampa Murked U Diamond Member

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    Jackass

    On topic, I feel your pain. I've gotta carry a 2 mill policy.
     
  10. Full-Auto
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    Full-Auto Gold Member

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    I feel your pain brother. I have had to carry 1 to two million in insurance depending on the project. Started as a framing contractor, became a builder, and now back to contracting.
     

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