Specialty Trade Contractors
Coverage for Business Challenges
Designed to provide coverage to trade contractors subcontracting out a minimum of 30% of their labor and material costs to adequately insured subcontractors. (Eligibility specific to underwriting review).
Product Offering
- General Liability
- Up to $2M/$4M Limits
- Annual or project specific placements considered
- OOPS Coverage available
Submission Requirements
- Commercial Insurance ACORD App #125
- Commercial General Liability ACORD App #126
- Coaction – STC Supplemental Application
- 5 years of currently valued General Liability and Workers Compensation loss runs, Valuation date must be no more than 90 days prior to the effective date of the policy
- Description of Operations and/or Company Narrative
- Sample Subcontractor Agreements
- Updated and detailed job list with addresses, market values and/or total cost, and description of work
- Current Workers Compensation policy or dec page
Target Class Codes
| Class Code | General Description |
| 59914 | Metal Works – Shop – Decorative or Artistic |
| 91111 | Air Conditioning Systems or Equipment—Dealers or Distributors and Installation, Servicing or Repair |
| 91340 | Carpentry – Construction of Residential Property Not Exceeding Three Stories in Height |
| 91341 | Carpentry – Interior |
| 91342 | Carpentry – NOC |
| 91629 | Debris Removal – Construction Site |
| 91746 | Door, Window or Assembled Millwork – Installation, Service or Repair – Metal |
| 92338 | Drywall or Wallboard Installation |
| 92451 | Electrical Apparatus – Installation, Servicing or Repair |
| 94276 | Fence Erection |
| 92478 | Electrical Work – Within Buildings |
| 94569 | Floor Covering Installation – Not Ceramic Tile or Stone |
| 95647 | HVAC – Dealers or Distributors and Installation – No LPG Sales or Work |
| 95648 | HVAC – Dealers or Distributors and Installation, Servicing or Repair |
| 96409 | Insulation Work – Organic or Plastic in Solid State |
| 96816 | Janitorial Services |
| 97447 | Masonry |
| 98304 | Painting – Exterior – Buildings or Structures – Three Stories or Less in Height |
| 98305 | Painting – Interior Buildings or Structures |
| 98344 | Paper Hanging |
| 98449 | Plastering or Stucco Work |
| 98482 | Plumbing – Commercial and Industrial |
| 98483 | Plumbing – Residential or Domestic |
| 98967 | Siding Installation |
| 98993 | Sign Erection, Installation, or Repair |
| 99746 | Tile, Stone, Marble, Mosaic, or Terrazzo Work – Interior Construction |
Eligibility
- The insured must keep executed subcontractor agreements and certificates of insurance for all subcontractors for a minimum of 8 years. These documents must be maintained and available for review during final audit and at policy expiration.
- Prospective insureds must be in business performing similar work for a minimum of 5 years to gain eligibility into the program. If this cannot be met, following additional information is required for consideration:
- Resume highlighting experience and qualifications within the industry showing a minimum of 6 years related experience.
Ineligible Segments
- Pollution coverage
- General Contractors
- Residential Home Builders
- Abatement/hazardous material work performed directly by the insured
- Risks performing work on behalf of box stores including but not limited to Home Depot, Lowes, and Pella Windows.
- Solar Energy Contractors
- Demolition Contractors
- Pest Control Contractors
- Scaffolding Contractors
- Crane Operators
- Excluded Territories: NY & NJ
Underwriting Teams
VP, Primary Casualty
