Vista Programs : Products and Services : Demolition

DEMOLITION CONTRACTORS

Availability: National with the exception of the five boroughs of New York City, NY and Erie County, NY. Special underwriting criteria for Madison and Cook counties, IL.

Coverages Available:

· General Liability

· Auto

· Workers Compensation

· Property/Inland Marine

Carrier: Limited Distribution - A.M. Best A Rated Carrier

(Non-admitted paper for the GL; Admitted for the Auto and WC)

Target Classes:

· Wrecking Buildings or Structures

· Salvage Operations

Other Eligible Classes (less than 35%):

· Excavation

· Garbage Ash or Refuse Collection in

conjunction with their own demolition

activities, i.e. not for others

· Landscaping

· Grading of land

· Trucking in conjunction with their own

demolition activities, i.e. not for others

· Street and Road Construction

· Irrigation or Drainage System Construction

· Concrete Construction

· Contractors Permanent Yards

· Contractors Executive Supervisors

Ineligible Operations:

· No remediation contractors,

i.e. asbestos, lead, mold

· No work done at landfills

· No underground storage tank removal

· No demolition contractors employing either the ball and chain or implosion methodologies

· No demolition contractors where more

than 25% of the operations are subbed

out to others

· No demolition or dismantling of tanks

· No residential operations if either

demolition is not done to studs or if

any build-out is conducted

Minimum GL Premium: $10,000

Limits:

General Liability:

· General Aggregate $2,000,000

· Products/Completed $2,000,000

Operations Aggregate

· Personal & Advertising $1,000,000

Injury

· Each Occurrence $1,000,000

· Fire Damage $100,000

· Medical Expenses $5,000

· Per occurrence deductibles of up to $25,000 either on an individual BI or PD basis as well as a BI/PD combined

Automobile:

· Combined Single Limit of Liability $1,000,000

· PIP

· UM/UIM

· Hired Car

· Non-Owned Auto

· Comprehensive

· Collision

Workers Compensation Coverage:

· Coverage A Statutory Limits

· Coverage B Each Accident $1,000,000

Disease Policy Limit $1,000,000

Disease Each Employee $1,000,000

· Must write the GL in order to write the WC

Underwriting Requirements:

· Completed Acord applications

· Demolition Contractors Supplemental Application

· Copy of WC experience mod worksheet

· 5 Years of currently valued loss runs

· Narrative of any losses in excess of $10,000

· Current balance sheet and most recent audited financial

statement incl. notes or D&B equivalent

· List of projects for the last five years

· Resumes and/or statement of qualifications on key personnel

· Copies of Contracts used with subcontractors

· Signed TRIA upon binding

· If employee leasing is done, a copy of the lease agreement

· Copy of the safety program if one is in place

· Details of all operations, including discontinued or sold operations, and new or acquired operations

· Current drivers list and MVRs