Episode 158

1/4/24

Topic: Pest Insurance Market Update

Guest: Todd Burke, COO, PestSure

Click here to listen.

Click here to watch.

In this episode we discuss:

• Background on PestSure, which has been serving the pest control market for more than 40 years

• Why a captive has advantages over a traditional insurance company

• PestSure resources, including an annual Safety and Loss Prevention Conference

• Todd's take on the state of the pest control market

• The status of rates and claims

• Why auto insurance has become one of the biggest challenges

• Admitted vs. non-admitted carriers

• How rate increases are different with a captive vs. standard insurance company

• The role of litigation and need for tort reform

• When it makes sense to self insure for auto physical damage

• "Novice drivers" and how they're driving up auto claims

Resources mentioned:

• PMP Industry Insiders Episode 86: How Captive Insurance Works

• PMP Industry Insiders Episode 138: How to Upgrade Your Safety Protocols

• Todd Burke's contact information: Todd.Burke@Alliant.com; 214-794-1635

Notable: "Make sure you're speaking to your agent or broker at least six months (in advance) ... There's not anybody out there that has a pest control company insured that's not nervous about the auto renewal." —Todd Burke, PestSure

Like what you heard?

Rate and review us on Apple.

Tell a friend in the industry.

Subscribe on