National Contractors Insurance Company, Inc., a Risk Retention Group (NCIC) specializing in general liability insurance for licensed residential and commercial general and artisan contractors, has redomesticated to Montana, effective February 5, 2009. NCIC writes the difficult Classes: Roofers, Foundations, Excavators, Fire Sprinklers, Paper GC’s, Custom Home Builders & Developers, New Ventures and 50 other classes of Artisans.
ADVANTAGES OF NCIC
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STATES COMING SOON: Arkansas, Georgia, Idaho, Kentucky, Louisiana, Montana, New Jersey, North Carolina, Oregon, Pennsylvania, South Carolina, Tennessee, Washington and Wyoming
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NCIC PROGRAM DETAILS:
Policy: Occurrence – Manuscript Form, Optional – 2 Year Sunset available in all states except Florida
Carrier: National Contractors Insurance Company, Inc., a Risk Retention Group
Reinsurance: AM Best Rated (A-) X, 95:5 quota share, in excess of $10,000
States: AZ, CA, CO, DC, FL, IL, NV, NM, NY, TX & UT
Limits of Liability: $500K/$1M, $1M/$1M, $1M/$2M
S.I.R.: $1,000, $2500, $5,000, $7,500, $10,000
Basis: Gross Receipts
New Ventures: Welcome (Resume of Experience Required)
Policy Term: One (1) year only
Premium Financing: Available at 25% down + 100% applicable fees due at binding, or use you own finance company
Endorsements: Blanket Additional Insured – Issued with each policy
A. I. Primary Wording – $200/Each
Waver of Subrogation – $300/Each
Torch-down Sublimit: $25,000 Standard, Buy up to $50,000 for 10% of premium
For more information regarding National Contractors Insurance Company, Inc.’s Contractors Program, please contact Pascal Burke, Director of Marketing Tel: 949-285-1249, e-mail: pascal@cmgia.com