Commercial GL Endorsement Forms Question

[Stng5Pnt8]

Tried searching the forum with no luck.

Has anyone had any issues with being able to find a market for a customer that the contractor is requiring

CG 20 10 11 85 or it's equivalent or CG 2026 11/85 or it's equivalent.

I am an Allstate agent/agency owner and I am having no luck with our expanded commercial market. The customer is an artisan construction brick layer/masonry, newly ventured business with no prior & 25 years experience.

The builder/contractor is D.R. Horton Inc., does anyone have any history working with customers contracted with DHI?

I am in Texas btw.

Thanks in advance.

Tony

 

[insurance1822]

Tried searching the forum with no luck.

Has anyone had any issues with being able to find a market for a customer that the contractor is requiring

CG 20 10 11 85 or it's equivalent or CG 2026 11/85 or it's equivalent.

I am an Allstate agent/agency owner and I am having no luck with our expanded commercial market. The customer is an artisan construction brick layer/masonry, newly ventured business with no prior & 25 years experience.

The builder/contractor is D.R. Horton Inc., does anyone have any history working with customers contracted with DHI?

I am in Texas btw.

Thanks in advance.

Tony

I'm sorry to hear you're an Allstate agent...I can't help but question your judgement there.... HOWEVER it's probably just a standard waiver of subrogation and/or AI endorsement. The expanded markets Allstate affords you are dog $hiT and they couldn't care less about you..or your clients.

I'm not sure who you bound coverage with, but I'd go directly to them. That builder's is referencing GL forms that are out of date. You're prob looking at a sample template the builder gave to your contractor. Most likely (if the builder is asking for those 1985 GL forms) said builder is a moron & will simply accept a standard cert of liability with zero ability to discern the difference.

Also...you're client will prob cancel the policy after finishing his work w/ the builder. He's prob an old head who started his own gig as the result of a relationship w/ a builder. He'll do a few houses..make a quick buck & be done w/ it.

 

[AZDave]

That form is not going to be available from standard markets. You will have to go surplus lines, such as All Risks or Burns & Wilcox. What that form gives the builder is completed operations additional insured, so even after the contractor is done and gone, his coverage will respond for the builder in the event of a claim.

It will be pricey, but should be available.

Dave

 

[Stng5Pnt8]

I'm sorry to hear you're an Allstate agent...I can't help but question your judgement there.... HOWEVER it's probably just a standard waiver of subrogation and/or AI endorsement. The expanded markets Allstate affords you are dog $hiT and they couldn't care less about you..or your clients. I'm not sure who you bound coverage with, but I'd go directly to them. That builder's is referencing GL forms that are out of date. You're prob looking at a sample template the builder gave to your contractor. Most likely (if the builder is asking for those 1985 GL forms) said builder is a moron & will simply accept a standard cert of liability with zero ability to discern the difference. Also...you're client will prob cancel the policy after finishing his work w/ the builder. He's prob an old head who started his own gig as the result of a relationship w/ a builder. He'll do a few houses..make a quick buck & be done w/ it.

Seriously I don't think my "judgment" has anything to do with the question I asked, and by your response you don't even have a clue what it is...so you're the wrong person to be giving any advise. If it even matters... I have been in insurance for about 10 years... I've worked captive for about 2 years, then I had a really good opportunity open up and I helped sustain and expand one of the biggest non-standard independent agents in Tx., became a work-a-holic, made tons of $ throughout the 7 years with the company, I eventually worked in the standard market while learning more and more commercial lines. Then eventually opening up an Allstate agency, I won't go into details but with an extensive insurance/sales background... Trust me, I don't see in any way how people complain about Allstate this and Allstate that...those are people who probably don't have a clue what they are doing coming into the insurance business just like any other business. Anyways, thanks for your attempt to "help" with your response but not the info I was looking for. ----------

That form is not going to be available from standard markets. You will have to go surplus lines, such as All Risks or Burns & Wilcox. What that form gives the builder is completed operations additional insured, so even after the contractor is done and gone, his coverage will respond for the builder in the event of a claim. It will be pricey, but should be available. Dave

Thanks Dave, I did end up getting a rate late in the evening from a surplus lines along with an inland marine for his tools, they did have several endorsement forms included and some excluded, however not the specific ones the builder is looking for... I have to check with the builder if the ones listed will suffice to their "or equivalent" statement on their policy request form. (From what the posted above posted, I wish the builder just gave the customer an old sample...they were very specific they wouldn't take any binders and only a certificate that specially listed the endorsements they requested, along with an attached waiver of subrogation in favor of the builder, it's affiliates and subsidiaries.
Boy was the rate high considering the gross receipts & payroll... about 1/3 of the total consists of broker fees and policy fees. Honestly the commercial side isn't even the biggest thing I'm concerned with this customer, he has 2 commercial vehicles that I have quoted with Allstate and ready to bind, 3 homes, 7 personal vehicles and he is interested in 4 term policies for himself, spouse and two children. We don't make a lot of comp. on commercial lines, and I don't plan to focus on commercial... I see it as a great opportunity to be a one stop shop for a customer instead of them having policies spread out everywhere as this customer currently works with 3 different agents now just for his personal lines. Thanks again Dave, I had a brief idea of what the forms were from previous experience with a wholesaler and certain clients in the past but it's been a few years since I've focused on commercial lines.

 

[F150]

someone pissed in someones cheerios this morning

 

[Stng5Pnt8]

someone pissed in someones cheerios this morning

lol... No but sometimes people can just be so negative.

 

[greatfish]

Dave is correct. Only the E&S carriers will typically issue the old CG 2010 11-85 AI. It has been interpreted by courts to give completed ops coverage to the additional insured. I do not know Texas but in California that gives the Additional insured 10 years of coverage after completion of the project/job.
You should be able to meet the equivalent by using a CG 2010 current addition date and CG 2037 current addition date. The newer CG 2010 gives the premise liability to the AI and the CG 2037 gives the completed ops coverage to the AI.
Again not knowing Texas but in CA you cannot get the completed ops AI for new tract work. Maybe a custom home but no tract, condo or townhouse work.

 

[FEX Quotes]

Tried searching the forum with no luck.

Has anyone had any issues with being able to find a market for a customer that the contractor is requiring

CG 20 10 11 85 or it's equivalent or CG 2026 11/85 or it's equivalent.

Tony

Take a look a BTIS. They will write an equivalent form on ADMITTED paper...

Builders & Tradesmen's Insurance Services, Inc. :: BTIS :: Commercial Insurance Wholesaler :: General Agency :: Victory Commercial Insurance Programs

 

[Stng5Pnt8]

Take a look a BTIS. They will write an equivalent form on ADMITTED paper... Builders & Tradesmen's Insurance Services, Inc. :: BTIS :: Commercial Insurance Wholesaler :: General Agency :: Victory Commercial Insurance Programs[/URL]

Thanks, that's exactly who I ended up getting a quote from, BTIS via Victory... however, the only way they would endorse CG2010 11/85 was if the client also works commercial construction as well. It's a little of an issue because he normally works 90-95% residential, he agreed he would level out his business to do at least 20% commercial, which now has caused his gross receipts & payroll to increase, hence rate increase as well. Man!! I actually miss writing commercial lines haha...sometimes you have to jump to hoops and loops to find a market that will even entertain and finally write business.

Reminds me of the one time I had such a difficult time finding a carrier that would entertain a "laboratory microscope sanitizing specialist" aka a person who cleans microscopes and they required $2million GL. Hartford ended up accepting the risk after about 2-3 days of them contemplating if the risk was enough to carry since there was no specific market for that risk.