Ineligible Risks

• Contracting risks involved in New Residential building.
• Risks with Underlying Limits of less than 1,000,000 or carriers with less than a Best A- V rating.
• Applicants that do exterior work greater than 3 stories.
• Applicants that work on any OL&T risks that exceed 50,000 square feet at any single location.
• Applicants that have any record of claims in the last 5 years that exceed $50,000 for any single loss; or $100,000 aggregate within any 1 year for any one paid in the past 5 years.
• Any contracting risk with over 2 million in receipts.
• Buses, Extra Heavy Trucks, Truck Tractors and towing exposures.
• Risks with over 5% of work subbed out

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).

• Up to $2M in receipts
• 2 years + experience; no new ventures
• 5% or less subbed out
• Excess liability only
• Contractors Supplemental required on every risk

Rating Information

The rating information needed to develop a quote is as follows:

• Need to know the Underlying Policy limits of insurance and they must be at least 1 million occurrence and 1 million aggregate.
• Need to know the Underlying Policy premiums.
• Can add Auto as Underlying Policy as an option but must ALWAYS have General Liability Policy as Underlying.
• 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)
• Can add Employers Liability coverage at no charge if Workers Comp coverage is in force.
  

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.

Payment Options

Full annual premium - The producer may withhold commission and remit net payment in full.

Waiver of Premium

Additional or return premium account balances of $10.00 or less will be waived.

Cancellations

Policies will be cancelled Pro rate (without penalties) when policy is cancelled for the following reasons:

• At the request of the company
• Nonpayment of premium
• Insured no longer has a financial or insurable interest in the property or business operation.

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.

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.