Information Circular


Programs geared for smaller artisan contractors and remodel contractors with 0 to 5 employees.



Programs geared for larger contractors and hard to place risks such as home builders, roofers, framers, and paper contractors.

Large Contractor Program

Preferred Contractors Rating Outlook to Stable (B+)

OLDWICK, N.J. – JULY 25, 2013 A.M. Best Co. has revised the outlook to stable from negative and affirmed the financial strength rating of B+ (Good) and issuer credit rating of “bbb-” of Preferred Contractors Insurance Company Risk Retention Group, LLC (PCIC) (Billings, MT).The ratings reflect PCIC’s adequate level of risk-adjusted capitalization and recent improvements in operating performance. The ratings also reflect management’s substantial expertise in marketing the type of business PCIC writes.Partially offsetting these positive rating factors are PCIC’s volatile operating results during the first five years of operation, high expense ratio and limited business profile. An additional offsetting rating factor is the execution risk associated with the implementation of PCIC’s business plan. Compare price estimates for your contractors insurance premium rate instantly – online. Further rating factors are the company’s fundamental business strategies, which include providing stable pricing for insurance coverage coupled with quality service for its members. Reflecting its limited business profile, PCIC as an insurer is exclusively oriented toward one class of insureds. PCIC maintains a conservative operating strategy by limiting participation in its insurance program to members that meet stringent underwriting standards. PCIC provides general liability coverage to general contractors and subcontractors in the residential and commercial construction industry. The stable outlook recognizes two consecutive years of PCIC’s improved underwriting results; thus, reducing A.M. Best’s concerns surrounding its historical volatile performance. More Preferred Contractors rating...