risk and liability issues affecting artisan contractors
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Risk and Liability Issues Affecting Artisan Contractors
Risk and Liability Issues Affecting Artisan Contractors
Page 2
Today’s Agenda
• Intro to NIP Group • Overview of the Artisan Contractor Program • Things to Look For, when preparing a
submission • Summary • Q&A
About NIP
Page 4
About NIP Group
• A “top 100” business insurance and risk management intermediary
• Provide a wide range of brokerage, underwriting, and risk management services
• Entrepreneurial, innovative, and responsive • Deep knowledge of key markets • 20+ years of providing agents with
exceptional coverage, competitive commissions, and fast, efficient service
Page 5
About NIP Programs
• Develop and manage customized business insurance for industries with specialized insurance and risk management needs Custom-tailored coverage for select markets Unique underwriting, loss control, and claims service
models, valued by both clients and insurers Underwritten by major insurers such as Travelers, AIG,
Argo, AmTrust Market expertise Stability through all market cycles
Page 6
NIP’s Programs
Employment Practices Liability Insurance
GlassPro® – for Glass Dealers and Installers
GrowPro® – for Greenhouses, Garden Centers and Nurseries
HVACPro® – for AC, Refrigeration, Heating or HVAC Contractors
IrrigationPro™ – for Providers of Irrigation and Pesticides for Lawns, Crops and Golf Courses
InteriorScapePro™ – for Contractors Providing Indoor Landscaping and Plant Maintenance
LandPro®/TreePro™ – for Landscapers and Tree Services Providers
LawnCarePro™ – for Lawn Care Service Providers
LightScapePro™ – for Lightscaping Contractors
MaintenancePro® – for Cleaning and Maintenance Services
MedEdge® – Affinity program for Physician Assistants and Optometrists
PetPro™ – for Pet Care Professionals
PlumbingPro® – for Commercial Plumbing Contractors
PowerPro® – for Electrical Contractors
SignagePro® – for Sign, Display and Awning Companies
SitePro® – for Excavation, Site Prep and Paving Contractors
WorkPro – Workers’ Comp
Market Overview
Page 8
Industry Overview
3 Targeted Classes of Business • Electrical Contractors • Plumbing Contractors • HVAC Contractors
Page 9
Benefits of Specialized Coverage
To BOP or not to BOP Consider Your Clients’ Needs Commercial Package Policy Offers
• Flexibility in coverage options • Discounts for multiple lines of coverage
Page 10
Coverages
• General Liability • Auto • Inland Marine • Property • Crime • Workers Compensation
Monthly Reporting Option
• Umbrella
Page 11
Commercial GL Coverage
Artisan Contractors • Commercial General Liability Coverage Protects business against:
• Accidents that might happen on premises • Exposures related to work product
Standard GL Policy covers certain lawsuits where negligence resulted in bodily injury, property damage, personal/advertising injury
• Can arise from injuries both at time of - and even years after - completion of construction project
Page 12
Examples of Liability
Examples of Claims • Heat from insured’s welding causes sprinkler
system to discharge and floods jobsite • Insured accidentally cuts through gas line
while attempting to repair a sewer line • Refrigeration contractor’s negligence causes
spoilage of food in adjacent units • Faulty gas line installed by sub-contractor
results in fire damage
NIP’s Artisan Contractor Program
An Overview
Page 14
NIP’s Artisan Contractor Program
• Specialty insurance designed to service Commercial Artisan Contractors
• One of the most comprehensive insurance programs available • Many coverage enhancements tailored to their specific
insurance needs • Competitive pricing for businesses of all sizes
From small contractors to large multi-state operations Minimum GL premiums as low as $5,000
Page 15
NIP’s Artisan Contractor Program
• Backed by strong financial carrier Rated "A" (Excellent) Financial Size X by A.M. Best
• ISO Based • Program is Admitted in All States • Currently write in 45 states:
Exceptions: Alaska, Hawaii, Idaho, North Dakota, and Montana WC in Non-monopolistic states
• Accounts rated off payroll
Page 16
NIP’s Artisan Contractor Program
Program Highlights A.M. Best “A” Rated (Excellent) Carrier (Company Size X)
GL Minimum Premium – $5,000
Competitive Rates
Superior Customer Service
ISO Based Program
Coverage Enhancements Blanket Additional Insured – ongoing &
completed operations
Per Project Aggregate
Blanket Wavier of Rights
Employee Benefits Liability
Limited Jobsite Pollution
Silent on Subsidence
Ineligible Exposures Accounts subcontracting more than 40% of work
Accounts performing work as a Paper Contractor
Traffic Signal installation or repair
Rigging contractors with or without operators
Airport/Runway Work (except interior remodel)
Page 17
NIP’s SitePro® Program
Risk Control - FARA • Phone Surveys • Physical Surveys
Claims Services – AmTrust North America • 24/7/365 Service • Dedicated Claims Adjusters with an average of 20 years exp.
Premium Audit – Overland Solutions • Physical • PIVOT • Virtual
Page 18
Submission Requirements
• Need complete submission, to review all risks: Completed ACORD application Completed Supplemental Application 3 Years plus 1 Current Year of Currently-Valued,
Hard Copy loss runs for all lines of business being considered Current Job Listing and MVRs (ability to quote
subject to) • Common Declinations Ineligible exposures-residential contractors
Summary
Page 20
Summary
• Outstanding coverage, tailored to specific needs of artisan contractors
• Strength and reputation of AmTrust North America1
• Backed by 20+ years of experience in providing specialized programs tailored to the unique needs of select classes of business
• Stability through all market cycles • NIP awarded “Best Practice Designation” by TargetMarkets
1 Rated “A” (Excellent) Financial Size X, by A.M. Best
Questions?
Thank You!
FOR MORE INFO:
Esty Wolfe X227 Debra Miserendino X388 Goretti DeSousa X659 (800) 446-7647 - telephone
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