Even lower minimum premiums and reduced rates!

Griffin Underwriting Services has a new relationship that is designed to provide a competitive product with low minimum premiums for Residential General Contractors who specialize in Custom Home Construction.

Intent & Eligibility:

• Residential General Contractors building up to 10 single family homes 
  per year (Condos and Townhouses are prohibited)

• Owner/Builders acting as General Contractor

• Residential Paper Contractors

• Real Estate Development

General Guidelines:

• New Ventures accepted

• Deductible:  $2,500 and applies to BI & PD

• Max Limit: $1/2/2 mm

• Minimum Premium: $6,500 - NOW ONLY $5,000!

• NEW!  For accounts building up to 2 homes or receipts less than $500,000, a new special Minimum Premium of $3,500!

• Gross Receipts up to $2,500,000

• A XV Best’s Rated Company

Prior to Quoting:

• Acords and General Contractors Supplement (to be made part of policy) required annually
• Obtain copy of Contract (must include Indemnification Clause in applicant’s favor and require that applicant is named as Additional Insured) used with ALL Subcontractors
• Confirm Subcontractors carry limits not less than applicant’s limits
• Obtain copy of Insured’s current Profit & Loss Statement
• Hard copy Loss Runs with detailed description of each incident