Axiom construction underwriters have specialized in this segment for over 15 years. Our program is designed for the small general including Residential Home Builders, Residential/Commerical contractor involved in remodeling and tenant improvements and Commercial Builders. Our target risks are contractors with less than $15,000,000 in annual receipts and less than $3,000,000 for any given project. Higher receipts and project values can be considered. No limitation on percentage of work subcontracted to others.
Contact: Dan Djordjevic d_djordjevic@axiom-ins.com or (847) 228-5883, ext. 219
| Target Classes |
Ineligible |
In business for 3 years, or new ventures with 3 years experience in same contracting segment:
- Commercial general contractors
- Residential Home builders
- Residential contractors
- Residential remodelers
- Condo/tract work up to 15 units new construction at one development (multifamily of 7-10 units can be considered)
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- Work on student housing, senior housing, assisted living facilities or retirement homes
- More than 2 claims in 3 years
- One or more construction defect claims
- Exterior work more than 3 stories
- Structural work including grading and excavation on slopes of greater than 30 degrees, or retaining wall exceeding 6 ft in height
- Asbestos, mold or environmental remediation
- Sales, installation, service or repair alarm systems, automatic fire extinguishing systems boilers, elevators, escalators, surveillance systems or TV monitoring systems either commercial or residential
- Sales installation service or repair wood, coal or waste oil burning stoves
- Sales or application of chemicals
- Installation of Hurricane shutters
- Work performed for petroleum, industrial or chemical facilities
- Work on or for roof, swimming pool, elevator, airport, dock, railroad, traffic lights, underground tanks. skylights, Exterior Insulation and Finish Systems
- Involved in bankruptcy in last 5 years
- Involved in tunneling, recreational or playground construction
- Perform or sublet demolition or blasting operations
- Restoration work involving smoke, fire, water or earthquake
- Open roof construction allowed, except new construction not certified for occupancy
- Developers or Construction Managers
- Felony conviction in last 5 years
- Construction Managers
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Coverage and Limits Available (Maximum Limits)
ZISO with the following form options:
- Full Occurrence with no sunset clause, with fully insured subcontractors, is held harmless and named as an additional insured by the subcontractors, and maintains records for 5 years.
- Occurrence with a 2 year sunset clause uses underinsured or uninsured subcontractors, and 2 year sunset provision provides adequate coverage.
- Claims Made uses fully insured subcontractors, is held harmless and named as an additional insured by the subcontractors and maintains records for 5 years. Can consider some uninsured/underinsured subcontractors if less than 20%.
General Liability
- $1,000,000 Each Occurrence
- $2,000,000 General Aggregate (other than Products/Completed Ops)
- $2,000,000 Products Completed Operations
- $1,000,000 Personal and Advertising Injury
- 100, 000 Damages to premises rented to you ($300,000 for commercial projects)
- 5,000 Medical Payments Expense
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| Optional Coverages Available |
- Project Specific Policy - $2500 Minimum fully earne. premium
- Additional Insured Options
- Designated Construction Projects Per Project Aggregate General Aggregate Limit 2503 (05/09)
- Stop Gap 1111 (11-11) Washington - $150 for $500k, $250 for $1M coverage limit
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Back to Top | Submission Requirements |
Signed ACORD’s & Supplemental
Three Years Currently Valued Loss Runs or a signed statement of losses
Suggested target pricing or expiring premium
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Back to Top | Miscellaneous |
Program is Available in all States.
Minimum Premium - $1500
No audit of annual premium less than $5,000
Deductible - $1000 Property Damage per claim
Direct Bill & Financing Available
A.M. Best A Rated Non -Admitted Carrier
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