General Contractors and Subcontractors! Don’t gamble your business on…
ARE YOU ONE OF THE 65% OF CONTRACTORS BEING LEGALLY SOLD THE WRONG INSURANCE?
WE DEFINE “FAKE INSURANCE” AS AN INSURANCE POLICY THAT HAS EXCLUSIONS THAT DIRECTLY RELATE TO YOUR SCOPE OF WORK, TYPES OF PROJECTS, AND/OR STATES WHERE YOU DO WORK.
MOST GENERAL AND SUBCONTRACTORS HATE BUYING INSURANCE. BUT WHAT’S WORSE? PAYING FOR INSURANCE THAT DOESN’T ACTUALLY COVER YOU!
Common Exclusions You Should Know About:
– Height Limitations
– Roofing Exclusions (100% Roofing Work Exclusion)
– Open Structure Water Damage
– Work on Religious Buildings (e.g., churches)
– Subcontracted Work to Others (Excludes coverage for work subcontracted out)
– Classification Limitations
– Overspray Exclusion
– Fall From Heights Exclusion
– Spray on Roof Exclusion (Polyurethane or other products)
– Hot Work Exclusions (including hot air welding | TPO)
– Residential Projects Over 5,000 sq ft
– Commercial Projects Over 20,000 sq ft
– Tract Home Work Exclusion
– Condo Work Exclusion
– Apartment Work Exclusion
– Town Home Work Exclusion
– Multi-Family Work Exclusion
– Bodily Injury to Subcontractors
– Prior Work Exclusion
(No Coverage on Prior Projects Within
the Past 10 year Statute of Repose)
– Breach of Contract Exclusion
– Underground Utility
– Work On Religious Building
– Soil Subsidence/ Movement
– Action Over (3rd Party Litigation) Exclusion
– Classification Limitation Exclusion
– State Where Work is Performed Exclusion
– Subcontractor Risk Transfer Requirement
And many more! Make sure you’re aware of these exclusions to avoid unexpected surprises.
