14 Feb New Market for Remodelers – Key Points
- No classification limitation
- $1,000 MP for $1 m / $2 m limits
- Target risks – true remodelers (not handymen)
- New residential exclusions, roofing limitations, and condo conversion forms apply
- For new construction work, we can rate as a General Contractor with a $2,500 MP for $1 m / $ 2 m limits in Texas only
- Based on Gross Sales (still need payroll and cost of the hire of subs for possible rate credits)
- Ability to add Blanket Additional Insured, Blanket Waiver, Blanket Primary/Non-contributory
- Other Insurance Condition and Per Project Aggregate Limit Ends
- Ability to include Misc Contractors Equipment for a minimal premium
- Can waive the requirement for subs to be insured