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

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

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

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

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

Industry Overview

3 Targeted Classes of Business • Electrical Contractors • Plumbing Contractors • HVAC Contractors

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

Coverages

• General Liability • Auto • Inland Marine • Property • Crime • Workers Compensation

Monthly Reporting Option

• Umbrella

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

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


• 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


• 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


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)

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

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

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