Luxury Home Builders Program

Qualification Requirements:

Residential General Contractors must be involved solely in the construction of single family or two family homes which will subsequently be sold to individual unit owners. Maximum 15 new starts per policy year.

Coverage Outline:

  • Commercial General Liability
  • Policy Form: CG0001 (07/98)
  • Per Project Aggregate
  • Blanket Additional Insured (CG2010 (11/85), CG2018, CG2012)
  • Blanket Waiver of Subrogation
  • Primary Non Contributory
  • Employee Benefits Liability
  • Unique Rating Structure
  • Minimum Premium $5,000¬†(most states)
  • Minimum Deductible $2,500
Submission Requirements:
  • 4 years of currently valued loss runs
  • Minimum 3 years in business or 6 years of construction experience
  • Acord Application & Contractors Supplemental Application
  • Copy of Subcontractor Agreement
  • Number of new home starts and average sales price per home

*Other markets are available  for risks not fitting this profile.