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PCIC PROGRAM

for Contractor Insurance

This instant quoting insurance program is for larger contractors and hard to place risks such as roofing, sheet metal, excavation, new foundations, garage door installation, and paper contractors.

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?

PCIC PROGRAM INSURANCE QUOTE

PROGRAM HIGHLIGHTS

  • Condo and HOA Work Accepted
  • Prior Claims/Losses Accepted*
  • Deductible Credits Available
  • Same Day Policy Number
  • Monthly Payment Plans
  • Occurrence Form
  • Online Rating
  • Multi State Coverage
  • Tract Work Acceptable
  • New Ventures Accepted
  • Lapse in Coverage Accepted
  • Rates Based on Gross Receipts

*per Underwriter approval

PCIC Program Infographic
Compare All Preferred Contractors Insurance Company Risk Retention Group, LLC. Programs
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MAXIMUM LIMITS

$5,000,000 Per Occurrence $5,000,000 General Aggregate $5,000,000 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.

B Rated (07/25/14)

PCIC Program on AM Best - The Insurance Information Source logo

PCIC PROGRAM GUIDELINES

  • 20% Minimum Earned Premium
  • New residential construction is acceptable for General Contractors and Artisans
  • Prior Losses OK (subject to underwriting approval)
  • No limit on percentage of subcontracted work
  • 51% of work must be performed in domiciled state
  • Work on Tract Homes, Condos, and Town homes OK (subject to underwriting approval)
  • New Ventures and Lapses in Coverage Accepted
  • Custom tailored policies available

PCIC PROGRAM MAP

(Click Map to Enlarge)

pcic-program-map

PCIC PROGRAM

ADDITIONAL COVERAGE OPTIONS / ENDORSEMENTS

  • Blanket Per Project Aggregate
  • Blanket Additional Insured – Completed Operations / CG2037 Equivalent
  • Blanket Your Work – 1185 Equivalent (Commercial Work Only)
  • Blanket Waiver of Subrogation
  • Blanket Primary/Non-Contributory Wording
  • Buildings and Structures Exceeding 3 Stories (Exterior)
  • Schools & Recreation Facilities
  • Heating Devices
  • Hospital Work
  • Additional Insured Endorsements for HOAs
COMPARE COVERAGE & RATES

PCIC PROGRAM

TRADE CONTRACTORS WELCOME

Over 50 Subcontractor Classes Accepted

  • General Contractor (New Residential)
  • General Contractor (New Commercial)
  • Remodel Contractor (Residential)
  • Remodel Contractor (Commercial)
  • Air Conditioning System Installation
  • Appliance and Accessories Installation
  • Carpentry (Framing)
  • Carpentry (Interior/Woodwork/Shop)
  • Carpet Cleaning
  • Cleaning (Outside Building)
  • Concrete (Flat)
  • Debris Removal
  • Door & Window Installation
  • Drilling
  • Drywall
  • Electrical
  • Equipment Rental (with operator)
  • Excavation
  • Fencing
  • Floor Covering Installation
  • Garage Door Installation
  • Glass Installation/Glazing
  • Grading
  • Guniting
  • Handyman/NOC Labor
  • HVAC
  • Insulation
  • Janitorial
  • Landscape
  • Masonry
  • Metal Erection (Decorative)
  • Metal Erection (Structural)
  • Painting (Interior)
  • Painting (Exterior)
  • Plastering/Stucco
  • Plumbing (Residential)
  • Plumbing (Commercial)
  • Roofing (New Residential)
  • Roofing (New Commercial)
  • Roofing (Residential Repair)
  • Roofing (Commercial Repair)
  • Sandblasting
  • Septic Tank (Service, Repair, Installation)
  • Sewer Mains
  • Sheet Metal
  • Siding and Decking
  • Street/Road Paving (Commercial)
  • Swimming Pool Cleaning
  • Swimming Pool Installation
  • Tile and Marble Installation
  • Tree Trimmer
  • Welding
APPLY ONLINE

PCIC 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!

PCIC Program Quote & Bind Online
START HERE

SUBSCRIBE TO PCIC PROGRAM UPDATES

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PCIC PROGRAM ARTICLES & UPDATES

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