|
ProBuilders Application
ProBuilders specializes in liability
insurance for the construction industry
Knowledge - Our sole focus is the cnstruction industry.
Compare ProBuilders' specialized knowledge to providers that offer 200
or more products to countless industries.
|
|
Continuity of Coverage - Did you know that mainstream insurers can
pull out of a volatile market at any time - particularly when market
conditions change? Liability insurance for the construction industry is
our only business. We'll always be there for our insureds. |
|
Underwriting Precision - ProBuilders' underwriting system is
designed for the construction industry. Compare our focused approach to
providers who use a one-size-fits-all approach to underwrite everything:
dry cleaners, liquor stores, day care, motels and contractors!
|
|
Responsiveness - Our state-of-the-art systems deliver quick
turnarounds for quotes, policy issuance & mid-term policy changes. |
|
Pro Builders is owned by its policyholders
|
Ownership - Risk Retention Groups (RRGs) are similar to mutual
insurance companies (like State Farm and Mutual of Omaha) where
policyholders also own the organization. Unlike mutuals, RRGs are owned
by members of a specific industry or profession. All of Pro Builders'
insureds are in the construction business. |
|
Professional Solution - Today, RRGs have been established by and
provide coverage to hundreds of professional groups, including teachers,
lawyers, engineers, hospitals and doctors. Over 200 RRGs are currently
in operation. |
|
Protects Businesses - Congress established Risk Retention Groups (RRGs)
in 1986 to protect businesses from the volatility in the commercial
insurance market. This can occur when traditional insurers decide
to withdraw from a particular market (i.e. construction) when market
conditions change or when unanticipated losses occur. Malpractice
insurance for doctors is a common example. |
 |
|
A
Growing Investment - ProBuilders policy-holders enjoy stock
ownership in an organization that is fast-growing and successful. |
| A
Great Time to Get Started - ProBuilders is the industry's
fastest-growing RRG. We've expanded coverage to 49 states, making this a
great time to select ProBuilders for construction liability coverage. |
|
ProBuilders offers strength and security
|
A-Rating - ProBuilders is "A" Rated by Demotech. (Rating agency
approved by HUD, Fannie Mae and Freddie Mac). Our third-party reinsurers
are "A" Rated by A.M. Best. |
 |
|
Financial Backing - ProBuilders' assets have grown to nearly $200
million with a remarkable rate of growth. Our investment portfolio is
managed by AAM - a leader in the insurance industry that oversees more
than $14.6 billion in invested assets. |
|
Professionally Endorsed - ProBuilders is endorsed by home-builder
associations nationwide. Visit ProBuildersIns.com for the latest list. |
|
You'll never get squeezed - when a traditional insurer (or an under-capitalixed
RRG) drops out of the market policyholders can get squeezed. |
|
How? When a policyholder switches insurers midstream, the previous
and the new providers may both refuse to take responsibility for latent
construction defect damage when the date of occurrence is unclear. |
|
Examples include: Water damage, faulty materials or foundation
decay. ProBuilders will never leave the construction market; it's our
only business. |
|
We're #1 in the Industry - As the construction industry's number one
Risk Retention Group - we offer a solid foundation to protect
constructors today and far into the future. |
|
ProBuilders' programs are designed
to fit the construction business
|
Insurnace Solutions for Every Need - Only ProBuilders provides
tailored liability insurance solutions for small artisans and larger
general contractors. Our rate and form flexibility allows for
individualized policy design. |
|
Industry-Leading Service - Policies are typically issued in 24 hours
or less. Claims are handled by dedicated specialists who work
"in-house." Their only focus is construction liability claims
management. |
|
Rating Basis - Rates are based on gross receipts, not payroll. This
is a simpler and more accurate measure of a contractor's risk. |
|
Artisan and Specialty Contractors - Programs are available for
contractors with gross receipts of less than $1 million. |
Residential and Commercial General Contractors - Programs are
designed for contractors with gross receipts between $350,000 and $25
million or more.
| |
|
Standard Program Limits:
|
$1 million per occurrence |
| |
$2 million general aggregate |
| |
$1 million products & completed operations |
|
|
WRAP Programs - Our WRAP Program consolidates all insureds into a
"project-based" coverage. For individual projects ranging from
$2million. Wraps for Condominium Conversions are available. |
|
Wide Range of Classes - Our 30 business categories are used to
achieve the most accurate underwriting, including: Carpentry,
Electrical, Excavation, Roofing, Drywall, Sewer, Sand Blasting, HVAC,
Roads & Bridges, Landscape, Steel, Concrete Flooring, Garage Doors,
Painting, Grading, and more. |
|
|
|
