Saving $2,000 on your policy can end your company with Chuck Mazzanti

Chuck Mazzanti sells construction insurance and tells contractors to stop shopping it on price. His reason is simple. The two thousand dollars you save at renewal is the same two thousand that buys the coverage gap that kills you when you file a claim. If you run a construction company, your workers comp premium is not a fixed cost. Your experience mod controls it. Move that number from 0.99 to 1.01 and you can lose a contractor credit worth 30 percent. On a 100,000 dollar premium that is 30,000 dollars in one year, and in some states a mod over 1.0 can keep you from getting work at all. Chuck works at Christensen Group Insurance, a 100 percent employee owned agency with a heavy construction book. He sits on the CFMA membership committee and is stepping into a VP role with the Illinois ESOP Association. He also says he hates the product he sells, which is why this conversation is worth your time. ABOUT CHUCK Chuck Mazzanti is a founding member of The Honest Builder and a construction insurance advisor at Christensen Group Insurance, a 100 percent employee owned agency serving contractors nationally. He hosts the Construction ESOP Collective, a podcast about contractors who sold their companies to their own employees. CONNECT WITH CHUCK LinkedIn: https://www.linkedin.com/in/chuck-mazzanti/ Christensen Group: https://www.christensengroup.com/team/chuck-mazzanti Construction ESOP Collective:https://www.constructionesopcollective.com/about ABOUT THE SHOW Atomic Construction is the podcast for people who actually build things. Kevin Hohe sits down with contractors, trade business owners, and the people running crews to talk about hiring, sales, culture, money, and ownership. The stuff nobody teaches you and most people learn the hard way. No guru advice. Nobody selling you a course. Hosted by Kevin Hohe, founder of Complete Fence and Ivory Impact. 🎙️Want to be a guest? Email [email protected]