GENERAL LIABILITY -
ADMITTED
Bankers Insurance Group is an admitted domestic insurance company who has been in business for over thirty years. Bankers is covered under the Washington and Oregon state guarantee fund and is reinsured by the General Reinsurance Company of America. They have developed a specialized contractors program designed for a wide range of small artisan and remodeling contractors distributed on an exclusive basis through Blackthorn.
>> Highlights
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15% Commission
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New ventures accepted with three years documented trade experience
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Accepts New Multi Family Construction
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Contractors with up to $1,500,000 payroll and sub contract cost and up to 7 million in receipts.
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Written on an occurrence form, providing limits up to $1,000,000 per occurrence and $2,000,000 aggregate
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No tract or Multi Family Exclusion
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Inland Marine coverage can also be provided in conjunction with the liability coverage for blanket tools, scheduled contractors equipment and an installation floater
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Certified acts of terrorism is provided automatically at no charge
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Minimum premiums as low as $500
Bankers appetite |
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GENERAL LIABILITY -
NON-ADMITTED
Nevada Capital Insurance Company (NCIC) is a non-admitted small contractor program with an A IX rating. It covers home builders, commercial builders and artisan contractors. The program is substantially broader and more competitively priced than other programs. The coverages will allow your contractors to do more activities with peace of mind.
>> Highlights
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15% Commission
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$1,000 minimum premium plus fees & taxes
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Receipts up to $10 million dollars
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10% Credit for prior works exclusion
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5% Credit for One Loss Free year with Blackthorn
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10% Credit for Two Loss Free years with Blackthorn
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NO TRACT EXCLUSION - Artisan contractors will be able to work on up to 20 new living units at any job site or development (there is also no exclusion for new multi family work by these sub contractors)
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Home Builders can build up to 20 residential living units at any one site or subdivision in any one year
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NO CAP on sub-contract work and Paper Contractors as long as they are on the job site daily
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Coverage for new ventures with three years documented trade experience
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Occurrence based
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$1,000,000 limit available for Water Intrusion on all classes except siders.
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Inland Marine coverage can also be provided in conjunction with the liability for blanket tools, scheduled contractors equipment and an installation floater.
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Vacant Land coverage available
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Flippers are eligible
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No charge for standard additional insureds
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Additional insured with Completed Operations coverage is available for commercial contractors
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Home builders and commercial builders can now obtain coverage when they do their own roofing.
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Coverage for Parade of Homes and Street of Dreams
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Extend coverage with a blanket charge
NCIC appetite
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