With the latest renewal of our Lloyds contract, we are pleased to announce that we can now consider quoting the plumbing class. As this is a challenging class to write, we do want to highlight a number of eligibility criteria below:
Eligibility:
- Minimum Premiums:
- $1,000,000 – $2,500
- $2,000,000 – $3,250
- $5,000,000 to be can be considered
- Receipts less than $1,000,000 + 10% leeway for those accounts slightly over
- Minimum of 3 years in business
- Clean accounts only, or accounts with max 1 claim in the past 3 years (not greater than $10k total incurred) to be referred to Underwriters
- No work over 4 stories, no high-rise building work or work over 4 stories in a high rise building
- No boiler work
- No sprinkler work
- Any works in institutional/industrial buildings (airports, hospitals, schools etc) can be considered
- Ticketed plumbers only
Coverage – Limits:
- Max. $2,000,000
- Limits of up to $5,000,000 can be considered
- Min. Ded: $2,500 bi/pd ded
- Min. Ded: $5,000 bi/pd ded w/r/t Water Damage Claims for receipts under $500,000
- Min. Ded: $10,000 bi/pd ded w/r/t Water Damage Claims for receipts over $500,000
Subjectivities / Wording:
- Standard Wordings to apply
- Burning Welding Cutting conditions to apply
- Sub-contractor conditions to apply in respect of any work subbed out
- Total Pollution Exclusion
- Wrap up liability Exclusion
- US Exclusion