Page 18 - Arkansas 811 Magazine 2019 Issue 2

u - - n
or more clearly, Whose fault Is II?
B'WaW= “mes aying a utility line these days
j:;:::fj:S‘""’ is a game of ”Did they mark
I it?” and ”Did they mark it
right?" Today's high.speed,
, ‘W 4 teoh-driven equipment eonstantly ups
I'§ - .f -—-—»- 7"’ ’ the ante. somehody's gonna hit a line
_:__,.,—»—"“f" somewhere, scratch or skin a gas line,
cut someones fiber line. lnsurance is
_ \ - going to pay, but guess what? Next
year, when your premiums go up and
you dldn’t have a claim, understand
_ y , »- - — that insurance will spread out the eost
X W ___. - -- ’ of eovering fulks who were lialile, who
_ 7- —— - "‘ did push the envelope and whose
—,..r ' * insuranee had a claim to pay And it
! du2sn'I matter where the losses eome
' » " ...—» A trom.. coulrl he Auzuna, Maine or
Montana.
_ , _, .' High speed directional drilling
. T (HDD)~Lhe coming method—musthe
‘ O coupled with great lucnting. The more
teohnieal and taster the equipment gets,
the greater the need tor top locators.
Damage, eausing the insurance >
" compames to pay huge claims, will
. fil eventually raise your host of doing
: lausiness dramatieally

lnsuranee eompanies have to make

a pmfil, like any other liusiness it

they lose money writing this kind ui
lausiness, while everything else they
cover makes a proiit, guess what? They
iust simply wlm'l write that anymore

5 and will send you a letter saying they're
" done after a certain date, thanks, liye.
— i, when that happens, competition for
V your premium dollar keeps rates lower.
._ several eompanies "in the space" makes
. ‘ Competlrion. The more eompanies that
‘ - want to write the kind of eoverage you
- need for this kind of buslness, the laetter
- the rates Uniurtunatzly, the opposite is
V ' aL~'D true. The fewer compames wanting
a your lausiness, the higher prieed
i_ coverage will lie.
,4 , You will have 30 or on days to get a
V couple ui agents lnvulved in finding a
company for you that will cover your
16 . Arkansas 311 Magazine 2019, Lssu22