This instant online insurance rate program is provides general liability coverage for artisan/trade contractors in the construction industry for both residential and commercial work.
- Low Down & Monthly Payments
- Lapse in Coverage Accepted
- New Ventures Accepted
- Monthly Payment Plans
- Occurrence Form
- Rates Based on Payroll
- Same Day Policy Number
- Blanket Additional Insureds
A Rated (07/25/14)
Compare All Preferred Contractors Insurance Company Risk Retention Group, LLC. Programs
$1,000,000 Per Occurrence
$2,000,000 General Aggregate
$2,000,000 Products/Completed Ops Aggregate
- $0 to $2,500
- Standard Deductible is $1,000*
- Discounts for Higher Deductibles
*Applies to property damage and bodily injury on a per claim basis.
CERTIFIED PROGRAM GUIDELINES
AMTRUST CERTIFIED PROGRAM
Definitions of Payroll and Explanation Subcontractor Costs
Includes proprietors, partners, and officers active in the business – except those that exclusively handle clerical duties. $12,000 minimum payroll for each owner. If all owners are clerical or sales then $12,000 is charged for one owner only (plus any employee payroll).
Includes payroll of employees (except excluded below), clean up workers, tradesmen, casual laborers, leased employees, and labor pool personnel.
Employee Payroll Does Not Include
Proprietors, partners, officers, sales only and clerical office employees.
2 owners – 1 sales/clerical and 1 in field is $12,000 minimum for active owner 2 employees – both working their trade in the field paid $43,000. Total payroll used in this submission – $55,000.
1 owner – 1 sales/clerical is $12,000 minimum (must have a $12,000 charge for at least 1 owner as minimum for owners regardless of duties!) 1 employee – Employee is working their trade in the field paid $18,000. Total payroll used in this submission – $30,000.
Explanation of Subcontractor Costs
The total annual cost of subcontractor payments and the operations performed by the subcontractors for the applicant (ie: painting, flooring etc) must be reported. All subcontractors must name the applicant as an additional insured (AI) on the subcontractor’s policies and provide a Certificate showing limits of insurance at least equal to or greater than the limits on this policy.
TRADE CONTRACTORS WELCOME
Over 50 Subcontractor Classes Accepted
CERTIFIED PROGRAM QUOTE & BIND PROCESS
Our user-friendly online system allows you to quote and apply all in one place. Your application and policy offer will be emailed to you using Adobe EchoSign.
EchoSign is the easiest online signing experience in the industry – so you’ll get your policy bound quickly. You’ll receive an email with a link to your policy offer which is loaded into a web browser, so no downloads or software installations are needed! Then, review and e-sign instantly online or offline with a mouse, stylus or by typing your name. If you’d prefer, we can still use the good’ol fashioned print and fax!
CERTIFIED PROGRAM ARTICLES & UPDATES
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