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Recent Work Comp Activity
BOAT REPAIR
$16,557
PLASTICS MANUFACTURING
$20,011
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We are pleased to announce our new Great American Insurance Group’s Homebuilders Green Coverage Endorsement
for new construction and renovation projects that are designed to meet the Leadership in Environmental Energy & Design (LEED) “Certified” Standard, as determined by the U.S. Green Building Council or the Green Building Initiative.
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Great American Insurance’s specialized
coverage extensions include:
- Removing the per item limit for lawns trees and shrubs
- $50,000 additional coverage for restoring air quality (in spaces over 25,000 square
feet)
- Building Commissioning additional costs
- Fees for re-certification and registration
- Public Utility additional expense
- $50,000 Recycling Expense
- If Soft Costs/Rents coverage is purchased, additional time in the “period of delay
in completion" is given, when necessary to meet the certification incorporated into
the building design
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General Program Information
Great American provides Builder’s Risk/Course of Construction coverages for Owners & Builders, Contractors & Developers who are building or remodeling residential dwellings. Dwellings (1-6 family) are allowed in all protection classes (1-10). Competitive minimum premium per state. Replacement Cost Valuation for new construction is available.
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One Shot Online Rating Program
The maximum allowable exposures available online are $1.5 million (CA only, $2 million in most other states). Higher values may be referred in the system directly to your underwriter. Replacement Cost Valuation for new construction is available.
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Rating Information
The rating information needed to develop a price indication
is as follows:
- Project type, for a residential structure: New construction, Remodeling/Renovation
with or without existing structure coverage.
- State where project is located.
- Protection class for project location.
- Whether or not project is in a designated brush area.
- Construction material type of the project (wood frame, joisted masonry, non-combustible
or better, log home or manufactured home).
- Value of the new construction or remodeling/renovation & existing structure.
- Applicant’s interest in coverage.
- Contractors’ name and license number.
- Risk address.
- Proposed effective dates.
- Description of project.
Great American Insurance can always add more coverage onto your
policy at an additional cost.
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Basic Policy Coverage:
- Building Materials and Supplies
- Equipment and Machinery
- Fixtures
- Foundations and Excavations
- Underground Pipes and Drains
- Paving
- Pilings and Fences when intended to become a permanent part of the structure
- Temporary Structures
- Scaffolding
- Construction Forms used at any construction premises covered by coverage form
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Additional Coverages Automatically
Included:
- Debris Removal
- Valuable Papers and Records
- Outdoor Trees, Shrubs and Plants
- Fire Department Service Charges
- Pollutant Clean Up and Removal
- Covered Property in Transit
- Covered Property at a Temporary Storage Location
Other optional coverages:
- Renovation
- Model Homes and Contents
- Homes in Inventory
- Trade-in Homes
- Change Order Coverage
- Permission to Occupy
- Inflation Expense
- Extra Expense - Soft Costs
- Removal to Safe Location
- Homebuilders Green Building
- Homebuilders Extended
- Additional Living Expense
- Subdivision/Development Property
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Deductible
Available options starting at $1,000
Risk Canceled or Non-renewed
Please refer any risk that has been canceled 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.
Please contact your program underwriter for payment options and conditions.
Full annual premium - The producer may withhold commission and
remit net payment in full.
Certificates of Insurance
Evidence of insurance can be provided by the agent.
Loss Payee
For Loss Payee documentation please fax the request to 916.772.9292.
Great American Insurance Group, 580 Walnut Street, Cincinnati,
OH 45202. Coverage description is summarized. Refer to the actual policy for a full
description of applicable terms, conditions, limits and exclusions. Policies are
underwritten by Great American Assurance Company and Great American Insurance Company
of New York which are authorized insurer(s) in 50 states and the District of Columbia.
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Frequently Asked Questions
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How do I find out more?
Use our live support for an immediate response or call your
CSR or Underwriter at 916.772.9200.
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How do I get a Quote?
The online price indication process is by far the quickest way
to get a price. If your account falls outside of the parameters of the online process,
you will be informed that the risk must first be submitted to your underwriter for
review and subject to approval before coverage can be bound.
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How do I get a renewal quote?
Our Builders Risk programs do not give automatic renewals. You
can request an "EXTENSION" online by creating a submission online and
submitting it to your Underwriter.
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Can BTIS finance this for me?>
No, premium is to be paid in full and is fully earned (with
the exception of NM policies)
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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 8/1/10
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| This information is provided as a guideline only and is
subject to change with or without notice. |
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