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DMARTZ
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Post subject: Re: Fugitive Recovery Agent Insurance  Posted: Sun 31 Jul 2011 22:00 |
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Joined: Thu 29 Jul 2004 20:23
Posts: 1632
Location: Fort Wayne, IN
FRN Agency ID #: 2570
Experience: More than 10 years
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_________________
The Rose Investigations LLC
Collection Agency
Security & Investigations Consultant
Retired Private Investigator & Bail Enforcement
NAM VET 1969- 1975 US Army (RECON)
Office 260-220-3877
1-888-631-5520
Fax 260-456-6062
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Bill Williams
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Post subject: Re: Fugitive Recovery Agent Insurance Posted: Mon 01 Aug 2011 10:49 |
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DMARTZ wrote: Yes, between $55 and $60 per month.
If the agent is carrying a concealed weapon, then the rate is somewhat higher.
If the agent is carrying two hands, eight fingers, and two thumbs, and wears a triple black-belt, then the rate is different.
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DMARTZ
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Post subject: Re: Fugitive Recovery Agent Insurance Posted: Mon 01 Aug 2011 11:29 |
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Joined: Thu 29 Jul 2004 20:23
Posts: 1632
Location: Fort Wayne, IN
FRN Agency ID #: 2570
Experience: More than 10 years
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A $700 policy would cover you( just 1 person) as a records retriever not much else. Insurance pricing goes by number of employees, amount of coverage,man hours paid out, Office person salary's, What type of services you provide, what % of each service you provide, armed or unarmed even caliber of your weapon and i can go on and on but you get the picture. a arrest & control policy rider would add way more to your $700. Where i am going with all this is if you get insurance make sure it will cover what you provide. On a side note insurance will not pay if you break any laws and also if you use your personal auto to do your business your personal auto insurance will not cover anything. In this day and age you as a business owner must cover your ass. There are a couple of insurance companies that will cover you as a bounty hunter ( For extra money) if you have a PI policy with them but most will not, there is also a lot that won't write a PI policy if you or any employee is a bounty hunter. A $4000 Bounty Hunters insurance policy is a normal price as there is no insurance company wanting to insure this any more. :YOU HAVE TO PAY TO PLAY
There are no Policies for $700 that would cover you as a bounty hunter !!!!!!!!!!!!!!!!!!!!!!!!!!!
_________________
The Rose Investigations LLC
Collection Agency
Security & Investigations Consultant
Retired Private Investigator & Bail Enforcement
NAM VET 1969- 1975 US Army (RECON)
Office 260-220-3877
1-888-631-5520
Fax 260-456-6062
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RCrew
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Post subject: Re: Fugitive Recovery Agent Insurance Posted: Mon 01 Aug 2011 12:30 |
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Joined: Fri 08 Oct 2004 15:48
Posts: 294
Location: California
FRN Agency ID #: 567
Experience: More than 10 years
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I agree completely with David on this!! If your insurance agent for your PI insurance tells you it will cover you while doing recovery work, double check with the actual insurance carrier. I know of several PI's who thought they were covered because the local agent told them so only to find out later that they were not!
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Randall Crew
Randall Crew & Associates
641-289-0136
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