CONTRACTORS

Waterloo Insurance can provide primary general liability contracts on a practice policy or project-specific basis for small to mid-sized artisan, specialty trade and commercial general contractors engaged in the construction of new commercial buildings and the maintenance, service, repair or remodeling of existing commercial structures.

 

Interest Profile

Preferred risks include well-managed companies with quality control standards, strong contracts, and a low frequency of claims history generating annual revenues of $10M or less for trade contractors and $25M or less for general contractors.

 

Coverage Highlights

• Commercial General Liability and Products/Completed Operations Liability

• Owner’s contractor’s protective liability/owner’s interest general liability

• ISO Occurrence and Claims-made coverage forms

• Flexible attachment points, depending on the account’s size and loss experience

• Employee Benefits Liability

• Stop Gap Liability

• Individual/blanket additional insured and waivers of subrogation

• Primary and Non-contributory wording as required by contract

• Term of project policies

 

Targeted Classes/Appetite

The following are just some of the classes of business written that reflect our appetite for business:

• Artisan/specialty trade contractors

• General contractors – commercial and remodelers

• Restoration and remodel contractors

• Boiler installation and repair

• Concrete construction

• Excavation, grading and site prep

• Electrical, HVAC and Plumbing

• Elevator contractors

• Masonry and tile

• Metal erection – structural and nonstructural

• Millwright power line and conduit

• Paving

• Roofing

• Sprinkler installation

• Sewer and water

• Utility contractors

• Welding

 

Policy Limits/Capacity

• $1M per occurrence/$2M general aggregate/$2M products aggregate

• Per project aggregate endorsements available

 

Attachment Points and Premium Thresholds

• Deductibles - $2,500 to $25,000

• Minimum policy premiums generally start at $15,000 and vary by class of business and territory

 

Submission Guidelines

• Cover letter stating the general description of operations, current and desired program, target premium

• Completed and signed Contractors Supplemental application or equivalent

• Minimum of 5 years of currently valued company loss runs

• Minimum of 5 years of historical exposure data (revenue, payroll, etc.)

• Website information

• As appropriate, financial statements