Crump Insurance
Services, part of Crump Group, the nation's largest insurance wholesaler
introduces an exclusive general liability program for subcontractors, both
residential and commercial, for a broad range of classes. This program, offered through an AM Best A-XI
rated carrier under the ISO form CG0001 12-04, provides broad coverage and
flexible terms and conditions. The
program is available for risks in Arizona, Colorado, Florida, New Mexico,
Nevada, Oregon, Texas, Utah, Washington, and Wyoming (approval is pending in
California), and offers limits of $1,000,000/$2,000,000/$2,000,000 with a low
minimum premium of $2,000. Highlights
include: no tract or multi-family limitations, broad duty to defend, no
punitive damages exclusion and is silent on subsidence; plus -- in most states
-- defense outside limits and no "prior works" exclusion. "The troubled construction market has made
it more difficult for subcontractors to find affordable liability protection
while contending with reduced income.
Crump is the exclusive point of access for
the program and works with retail agents and brokers to provide access to this
coverage for their clients.
Underwriting, rating and quoting are performed in-house, resulting in
faster turnaround on submissions. Agents
should contact their Crump broker or call 877.247.9772 for assistance.
Crump Launches Exclusive Liability Program for Subcontractor Risks
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