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GOLD PROGRAM

for Contractor Insurance

This instant on-line insurance price indicator program is geared for smaller artisan contractors and remodel contractors with 0 to 5 employees.

Another contractor insurance program from Preferred Contractors Insurance Company, Risk Retention Group, LLC.

View all acceptable contractors and subcontractors

What is a risk retention group?

GOLD PROGRAM INSURANCE QUOTE

PROGRAM HIGHLIGHTS

- Down Payments as low as $272
- Lapse in Coverage Accepted
- New Ventures Accepted
- Rates Based on Payroll
- Multi State Coverage
- Occurrence Form
- Risk Retention Group
- Monthly Payment Plans
- Same Day Policy Number

*per Underwriter approval

AM Best
B Rated (07/25/14)

Compare All Preferred Contractors Insurance Company Risk Retention Group, LLC. Programs

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MAXIMUM LIMITS

$1,000,000 Per Occurrence
$2,000,000 General Aggregate
$2,000,000 Products/Completed Ops Aggregate

DEDUCTIBLES

$1,000 | $2,500 | $5,000 | $10,000
Standard Deductible is $1,000*
Discounts for Higher Deductibles

*Applies to property damage and bodily injury on a per claim basis.

GOLD PROGRAM GUIDELINES

Maximum 5 Field Employees
$150,000 Maximum Annual Payroll –Owner excluded
$500,000 Maximum Annual Gross Sales
50% Maximum Subcontracting Cost
Incidental roofing allowed in conjunction with room additions (subject to $25,000 sub limit)
-(OK for General Contractors in conjunction with remodels and room additions)
No framing as a subcontractor
– (OK for General Contractors in conjunction with remodels and room additions)
No foundations as a subcontractor
– (OK for General Contractors in conjunction with remodels and room additions)
No general contractors performing new ground up construction

GOLD PROGRAM MAP

(Click Map to Enlarge)

GOLD PROGRAM

TRADE CONTRACTORS WELCOME

Over 20 Subcontractor Classes Accepted

A/C and Refrigeration
Appliance and Accessories
Carpentry (Interior/Woodwork/Shop)
Concrete (Flat)
Debris Removal
Door & Window Installation
Drywall
Electrical
Fencing
Floor Covering Installation
General Contractors (Remodel Only)
Garage Door Installation

Glass Installation/Glazing
Handyman
HVAC
Janitorial
Landscape
Masonry
Painting Interior/Exterior
Remodel Carpentry
Sheet Metal
Siding and Decking
Swimming Pool Cleaning
Tile and Marble Installation

APPLY ONLINE

GOLD 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!

START HERE

SUBSCRIBE TO GOLD PROGRAM UPDATES

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GOLD PROGRAM ARTICLES & UPDATES

Preferred Contractors Insurance Company Risk Retention Group, LLC Downgraded by A.M. Best

Preferred Contractors Insurance Company Risk Retention Group Downgraded by A.M. Best to B (Fair) and the outlook has been revised to negative from stable.

What is a Contractor Risk Retention Group?

Instantly compare contractor risk retention group with regular insurance company rate and coverage options here.

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... read more