Commercial and Residential Construction Excess Insurance
Alta can provide excess insurance coverage for commercial and residential construction risks in all states, except New York State. Alta can respond quickly to the Excess Liability needs of both project-specific and annual practice risks.
Target Market: Commercial Construction and Residential Construction
- Alta's commercial construction definition includes new apartment work and residential re-work
- 100% paper GC business acceptable in all states, except New York
- Project-specific policies
- Excess Commercial & Apartment WRAP
- Owners Interest only
- Follow form CG 2279 (Means and Methods Professional)
- Acceptable trade classes for annual practice policies include:
- Air conditioning/heating installation
- Auto dismantling or salvage yards
- Carpentry
- Cell tower erection
- Communications equipment construction
- Concrete construction
- Concrete pumping
- Conduit construction
- Demolition (no blasting)
- Drywall
- Electrical work
- Excavation work
- General contractors
- Grading work
- Janitorial services
- Landscaping services
- Painting
- Machinery installation
- Masonry
- Overhead door installation
- Roofing
- Sewer / water mains construction
- Steel erection up to five stories
Limits
- Up to $5M lead or excess attachment
Paper
- Follow Form coverage is available on a non-admitted basis in all states
Submission requirements
- Completed Application (Accord or other acceptable Umbrella Application)
- Contractor Supplemental Application; Fleet or Trucking Supplemental as needed
- Five (5) year loss summary
- Loss detail for losses in excess $50,000
- Website address
- Expiring Umbrella / Excess carrier and premium
- Underlying terms and conditions
- Target pricing by layer
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