ProBuilders Insurance
What are the Advantages of a Risk Retention Group?
Since the RRG is created to write only one homogenous group their policy forms are developed for the needs of that group. The RRG constantly evaluates the insurance markets to determine what insurance voids may exist in the industry and develops products to fill them. The RRG regulation allows rate and form flexibility with less stringent regulatory
requirements.
Program Guideline Highlights
- Risk Mitigation Program
- Residential and commercial contractors
- ProBuilders is an Insurance Company formed as a Risk Retention Group (RRG) insuring and owned exclusively by contractors.
- Flexible program design based on individual contractors requirements
- Rating Based on Receipts
- Online Rating
- Wrap Ups
Policy Limits
- Limits up to $3 million / $3 million
- Deductible: $1,500
- Minimum Premium: $1,500
- Max. Policy Term: 1 Year (project specific policy 2 years)
Prohibited Work (highlights)
- Pollution abatement, asbestos, lead, radon, or nuclear exposures
Eligible Risks
- Residential and Commercial
General Contractors
- Sub-Contractors
- Specialty Contractors
- Remodelers
- Artisan Contractors
- Roofing Contractors
- Condominium
Conversions
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