Risk Retention Group
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 the Group. The subscription fee is paid for the shares depending on the specifics of the program.
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:
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$1 million per occurrence
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$2 million general aggregate
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$1 million products and completed operations
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additional limits available
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Deductible: $500 to $3,500 per claim Bodily Injury and Property damage, Loss and Loss Expense
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Minimum Premium: $1250
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Minimum Earned Premium: 25%
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Rating Basis: Receipts
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Maximum Policy Term: One year
| Ineligible Risks
| Key Exclusions |
- Condos and Townhouses
- Airport Contractors
- Blasting Operations
- Contract Laborers
- Dam or Levee Construction
- Demolition of Buildings (in excess of 3 stories)
- Earthquake Retrofit Contractors
- Exterminators/Fumigators
- Explosives Contractors
- Oil Lease Contractors
- Scaffolding or Scaffolding Erection
- Traffic Signal Installation or Repair
- Tunneling
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- Montrose
- Condo & Townhouses
- 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.
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