INELIGIBLE RISKS
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Risks with Underlying Limits of less than 1,000,000 or carriers with less than
a Best A- V rating.
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Risks with annual receipts greater than $25 Million.
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Exterior painting of building of more than 3 stories.
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UNDERWRITING GUIDELINES
This program is designed for small contractors doing Office Buildouts and
remodel/repair for both Commercial & Residential.
Policies may be written for one year (and in some circumstances written short
term or longer than a year - Contact UW for information).
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RATING INFORMATION
The rating information needed to develop a quote is as follows:
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Need to know the Underlying Policy limits of insurance and they must be at
least 1 million occurrence and 1 million aggregate.
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Need to know the Underlying Policy premiums.
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Can add Auto as Underlying Policy as an option but must ALWAYS have General
Liability Policy as Underlying.
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If adding Auto Underlying, the limits must be at least 1 million BI/PD limits.
(Auto does not need to be covered on an Excess policy)
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Can add Employers Liability coverage at no charge if Workers Comp coverage is
in force.
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GENERAL PROGRAM INFORMATION
Deductible:
Excess policies have no insured retention. Umbrella Policies
carry a $10,000 insured retention.
Risk Cancelled or Non-renewed by Other Company:
Please refer any risk that has been cancelled or non-renewed to Builders &
Tradesmen's Insurance Services prior to submission. We ask that full
information regarding the reason for cancellation or non-renewal and the
conditions or preventive steps taken by the applicant be provided.
Audit Basis:
Umbrella/Excess premiums and exposures are subject to final audit at the
discretion Earned premium for the exposure will be determined at the end of the
policy period..
Waiver of Premium:
Additional or return premium account balances of $10.00 or less will be waived.
Cancellations:
Evidence of insurance can be provided by the agent.
AI forms available:
Policies will be cancelled Pro rate (without penalties) when policy is
cancelled for the following reasons: o
When a policy is cancelled for any reason other than outlined above, a penalty
of 20% of the pro rate unearned premium &/or Minimum earned will apply. The
minimum premiums per each 1 million of limit is fully earned on an Excess
policy.
Payment Options:
BTIS financed - BTIS can arrange premium
financing.
Full annual premium - The producer may withhold
commission and remit net payment in full.
Producer financed - The producer may arrange
financing with their vendor of choice.
Certificates of Insurance:
These are not done by BTIS as an Excess policy, subject to it's exclusions, is
a following form policy and will follow the underlying carrier for coverages.
Additional Insured Guidelines:
These are not done by BTIS as an Excess policy, subject to it's
exclusions, is a following form policy and will follow the underlying carrier
for coverages.
AI forms available:
N/A
Reinstatement with a Lapse in Coverage Guidelines:
To avoid a lapse in coverage, all outstanding issues must be addressed
and/or payments must be received by Builders & Tradesmen's Insurance
Services prior to the cancellation date.
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| Frequently Asked Questions |
How do I find out more?
Use our live support for an immediate response or call your
CSR or Underwriter at 916-772-9200.
|
How do I get a Quote?
Submit Acord forms by fax to 916-772-9292.
|
How do I get a
renewal quote?
Our Excess program does not automatically renew but getting a
Price indication and getting a Renewal quote is easy by filling out the online
application (be sure to put renewal and the policy number on the submission)
and submitting it to your Underwriter.
|
Can BTIS finance this
for me?
Yes, but please be aware that there is a minimum premium per
million of coverage and if the policy is cancelled the minimums will be kept by
the Company. (If there are questions on this please contact a CSR on
Underwriter)
|
If I am having system
problems, what do I do?
Use our live support for an immediate response or call your
CSR or Underwriter at 916-772-9200.
|
|
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Edition 8/23/07
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