Commercial Umbrella Program

     A + X Rated Carrier
     $1,000 Minimum Premium for
        Contracting Classes
     Available in 4 states AZ, CA, NV & OR
      Commercial Classes Start at
        $750 Minimum Premium
     35 Eligible Contracting Classes
        (Excess Only)
     Over 100 Commercial Classes
        Commercial Classes
     Limits from $1 Million to $5 Million
     Requires Underlying Limits of
        1,000,000 and A- V or better rated
        carrier
     24/7 Online Price Indications &
        Online Submission

What's New
Ineligible Risks
Underwriting Guidelines
Rating Information
General Program Information
Frequently Asked Questions

This Umbrella & Excess Program features an Online Price Indicator and is underwritten by an A + X carrier. This non-admitted program can be written in Arizona, California, Nevada and Oregon. For your convenience we have developed a simple, one-page, online application for this program. Please contact your underwriter if adding auto to the underlying coverages.

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Ineligible Risks

Contracting risks involved in New Residential construction.
Risks with Underlying Limits of less than 1,000,000 or carriers with less than an Best A- V rating.
Applicants that work on any apartment or habitation risks greater than 3 stories.
Applicants that construct buildings exceeding three stories in height or more than 250,000 square feet in area.
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 line of coverage.
Applicant that have more than 10 automotive power units or a radius of operation more than 200 miles.
Applicants that have annual receipts greater than $7.5 million. Excess renewals with RLI can go up to 10 million.

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Underwriting Guidelines

This Umbrella/Excess Program provides coverages for a wide variety of operations including construction operations.
Policies may be written for one year (and in some circumstances written short term or longer than a year - Contact UW for information).

$1,000 minimum premium per 1 million of coverage for Construction Risks.
$750 minimum premium per 1 million of coverage for Non-Construction Risks.
Residential Service & Repair OK.
Residential Remodeling Ok as long as no dwelling being increased in size by more than 50%.
Excess Limits from 1 Million to 5 Million are available.
Requires Underlying Limits of 1,000,000 and A- V or better rated carrier.
Underlying policies Effective dates do not need to match Excess policy. If new carrier meets guidelines, then copy of new policy is all that is needed for Excess to cover over the new carrier.

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Rating Information

The rating information needed to develop a price indication 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.

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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

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, Inc. prior to the cancellation date.

NO COVERAGE IS BOUND WITHOUT PRIOR APPROVAL FROM BUILDERS & TRADESMEN'S INSURANCE SERVICES. BUILDERS & TRADESMEN'S INSURANCE SERVICES RESERVES THE RIGHT TO DENY ANY REQUEST FOR REINSTATEMENT.

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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?
The online price indication process is by far the quickest way to get a price AND you can quickly submit it if the price is right. 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. .

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 creating a submission online (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 $1,000 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 8/19/09


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