Assurex Builders Group (ABG) is a captive designed to provide contractors with strong risk management and safety programs an opportunity to own their insurance company, and manage their total cost of risk. This captive is designed for contractors paying $250k â $750k in their three-line casualty products: workers compensation, general liability and auto liability.
The target members and typical risks we focus on for this program are:
Target Members
- In business 3+ years
- Solid financial performance
- Good loss history (targeting top 25% performers)
- Privately held or closely held firms
- Sound risk management practices
- Annual premium starting at $250K
Contractor Types*
- General Contractors with <15% self-performed work
- Street and Road Construction
- Excavation
- Concrete Construction
- Electrical
- Plumbing, HVAC
- Painting and Paperhanging
- Drywall, Plastering, or Acoustical Ceiling
- Masonry
- Glaziers
- Graders of Land
*Additional classes may be eligible subject to individual underwriting.
Ineligible Risks
- Residential Builders
- Oil or Petrochemical Related
- Fire Suppression System Installation / Fireproofing Operations
- Demolition/Wrecking
- Remediation Work
- Swimming Pool
The available coverages of this program include:
Workers Compensation:
- Part I: Statutory Limits
- Part II: $1m/$1m/$1m
General Liability:
- Each Occurrence: $1m
- General Aggregate: $2m
- Prod/C.O. Aggregate: $2m
Auto Liability:
- Liability: $1m CSL each accident
- UM/UM: Minimum Statutory
- PIP/No Fault: Minimum Statutory
Auto Physical Damage:
- Actual Cash Value
The highlighted features of this exclusive program include:
- ABG offers workers compensation, general liability, auto liability and auto physical damage coverage to its members
- ABG issues guaranteed cost policies that are fully fronted by AM Best âA+ XVâ rated carrier Arch Insurance Company
The submission requirements of this exclusive program include:
- Minimum Premium: $250,000 combined all lines (Workersâ Compensation, General Liability, Auto Liability, and Auto Physical Damage)