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CONTRACTORS

Today’s legal landscape is radically changing the way insurance companies write contractors insurance, especially in New York state. Lawsuits and claims have been increasing exponentially as a result of the ominous NY Labor Laws 240 and 241, which impose an absolute liability standard on contractors. Many insurance companies have an ‘Action Over Exclusion” which excludes coverage for Labor Law suits. This one exclusion alone has caused many contractors to go out of business as they cannot afford the legal fees to defend suits, let alone any damages that are awarded.

It is extremely important that this type of business has the correct underwriting, coverage, and risk control guidance to avoid this situation. Our program offers:

  • Broad form comprehensive general liability coverage
    • Underlying liability limits up to $2M OCC / $4M AGG available
    • Blanket additional insured forms
    • Named additional insured form CG2010
    • Named products/completed operations form CG2037
    • Waiver of subrogation
    • Primary and non-contributory coverage
    • Contractual liability
    • Action over third party liability
  • Hold harmless agreements, individually prepared
  • Contract review of insurance requirements
  • Employee driver MVR issuance and review
  • Certificate of Insurance issuance and review
  • Bid review and advice
  • Umbrella / excess coverage
  • Surety bonds
  • Workers compensation
  • Inland marine/equipment floaters
  • Railroad protective liability
  • Commercial auto (including heavy trucks)