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PRODUCTS: Residential and Commercial General Liability Construction Insurance

Risks Insured
Contractors, including general contractors and subcontractors.

Program Highlights
Residential and Commercial Contractors are eligible.  There are no restrictions on tract homes or tract size.  There is no restriction on the amount of work sub-contracted.

Coverage
Comprehensive General Liability including Products and Completed Operations.

Standard Program Features

  • Limits:
    • $1 million per occurrence
    • $2 million general aggregate
    • $1 million products and completed operations
  • Deductible: $3,500 per claim Bodily Injury and Property damage, Loss and Loss Expense
  • Minimum Premium: $5,500 ($11,500 for roofers)
  • Minimum Earned Premium: 25%
  • Rating Basis: Receipts
  • Maximum Policy Term: One year

Specialty Programs
We currently offer a specialty program for smaller contractors. Also, as we continuously expand our business to better serve our clients, we are developing new programs based on market need and opportunity.

Subscription Fee
A risk retention group is an insurance company owned by its insureds.  To be insured by the group, an insured must be a shareholder of ProBuilders.  The subscription fee for shares is equal to $250 for policies with premium of $10,000 or less, $500 for policies with premium of more than $10,000 and $3,500 for wrap/ocip policies.

Application
To bind we must have a ProBuilders application signed by the insured.

Ineligible Risks

• Airport Contractors

• Blasting Operations

• Contract Laborers

• Cranes

• Dam or Levee Construction

• Demolition of Buildings (in excess of 3 stories)

• Earthquake Retrofit Contractors

• Exterminators / Fumigators

• Explosives Contractors

• Landscapers with Spraying Exposures

• Oil Lease Contractors

• Scaffolding or Scaffolding Erection

• Swimming Pool Contractors (above or below ground)

• Traffic Signal Installation or Repair

• Tunneling

  

Key Exclusions

• Pollution

• Asbestos, Mold, Lead and Formaldehyde

• Action-Over

• Punitive Damages

• Subsidence

• E.I.F.S. (synthetic stucco, etc.)

• Projects completed prior to the policy inception date are not covered unless declared.  An additional premium will be charged based on the exposure.  The project to be covered must be specifically endorsed onto the policy.

Disclosure Concerning Producer Ownership
 Certain insurance producers placing business with ProBuilders own common stock of ProBuilders' manager, NationsBuilders Insurance Services, Inc. (NBIS).  NBIS receives management fees from ProBuilders and owns a reinsurance company which reinsures a portion of ProBuilders' insurance business. Accordingly, in addition to their receipt of commissions on business placed with ProBuilders, these producers may benefit from their relationship with ProBuilders through their stock ownership of NBIS.  No producer owns 10% or more of NBIS's stock, and a producer's ownership of NBIS stock does not afford the producer any preferential treatment in terms of underwriting or risk selection.

Residential and Commercial Contractors are eligible. There are no restrictions on tract homes or tract size. There is no restriction on the amount of work sub-contracted.