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PCIC PROGRAM

for Contractor Insurance

This instant quoting insurance program is for larger contractors and hard to place risks such as roofing, sheet metal, excavation, new foundations, garage door installation, and paper contractors.

Another contractor insurance program from Preferred Contractors Insurance Company, Risk Retention Group, LLC.

View all acceptable contractors and subcontractors

What is a risk retention group?

PCIC PROGRAM INSURANCE QUOTE

PROGRAM HIGHLIGHTS

Condo and HOA Work Accepted
Prior Claims/Losses Accepted*
Deductible Credits Available
Same Day Policy Number
Monthly Payment Plans
Occurrence Form
Online Rating
Multi State Coverage
Tract Work Acceptable
New Ventures Accepted
Lapse in Coverage Accepted
Rates Based on Gross Receipts

*per Underwriter approval

Compare All Preferred Contractors Insurance Company Risk Retention Group, LLC. Programs

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MAXIMUM LIMITS

$5,000,000 Per Occurrence $5,000,000 General Aggregate $5,000,000 Products/Completed Ops Aggregate

DEDUCTIBLES

$1,000 | $2,500 | $5,000 | $10,000
Standard Deductible is $1,000*
Discounts for Higher Deductibles

*Applies to property damage and bodily injury on a per claim basis.

B Rated (07/25/14)

PCIC PROGRAM GUIDELINES

20% Minimum Earned Premium
New residential construction is acceptable for General Contractors and Artisans
Prior Losses OK (subject to underwriting approval)
No limit on percentage of subcontracted work
51% of work must be performed in domiciled state
Work on Tract Homes, Condos, and Town homes OK (subject to underwriting approval)
New Ventures and Lapses in Coverage Accepted
Custom tailored policies available

PCIC PROGRAM MAP

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PCIC PROGRAM

ADDITIONAL COVERAGE OPTIONS / ENDORSEMENTS

Blanket Per Project Aggregate
Blanket Additional Insured – Completed Operations / CG2037 Equivalent
Blanket Your Work – 1185 Equivalent (Commercial Work Only)
Blanket Waiver of Subrogation
Blanket Primary/Non-Contributory Wording

Buildings and Structures Exceeding 3 Stories (Exterior)
Schools & Recreation Facilities
Heating Devices
Hospital Work
Additional Insured Endorsements for HOAs

COMPARE COVERAGE & RATES

PCIC PROGRAM

TRADE CONTRACTORS WELCOME

Over 50 Subcontractor Classes Accepted

General Contractor (New Residential)
General Contractor (New Commercial)
Remodel Contractor (Residential)
Remodel Contractor (Commercial)
Air Conditioning System Installation
Appliance and Accessories Installation
Carpentry (Framing)
Carpentry (Interior/Woodwork/Shop)
Carpet Cleaning
Cleaning (Outside Building)
Concrete (Flat)
Debris Removal
Door & Window Installation
Drilling
Drywall
Electrical
Equipment Rental (with operator)
Excavation
Fencing
Floor Covering Installation
Garage Door Installation
Glass Installation/Glazing
Grading
Guniting
Handyman/NOC Labor
HVAC

Insulation
Janitorial
Landscape
Masonry
Metal Erection (Decorative)
Metal Erection (Structural)
Painting (Interior)
Painting (Exterior)
Plastering/Stucco
Plumbing (Residential)
Plumbing (Commercial)
Roofing (New Residential)
Roofing (New Commercial)
Roofing (Residential Repair)
Roofing (Commercial Repair)
Sandblasting
Septic Tank (Service, Repair, Installation)
Sewer Mains
Sheet Metal
Siding and Decking
Street/Road Paving (Commercial)
Swimming Pool Cleaning
Swimming Pool Installation
Tile and Marble Installation
Tree Trimmer
Welding

APPLY ONLINE

PCIC PROGRAM QUOTE & BIND PROCESS

Our user-friendly online system allows you to quote and apply all in one place. Your application and policy offer will be emailed to you using Adobe EchoSign.

EchoSign is the easiest online signing experience in the industry – so you’ll get your policy bound quickly. You’ll receive an email with a link to your policy offer which is loaded into a web browser, so no downloads or software installations are needed! Then, review and e-sign instantly online or offline with a mouse, stylus or by typing your name. If you’d prefer, we can still use the good’ol fashioned print and fax!

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SUBSCRIBE TO PCIC PROGRAM UPDATES

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PCIC PROGRAM ARTICLES & UPDATES

Preferred Contractors Insurance Company Risk Retention Group, LLC Downgraded by A.M. Best

Preferred Contractors Insurance Company Risk Retention Group Downgraded by A.M. Best to B (Fair) and the outlook has been revised to negative from stable.

What is a Contractor Risk Retention Group?

Instantly compare contractor risk retention group with regular insurance company rate and coverage options here.

Preferred Contractors Rating Outlook to Stable (B+)

OLDWICK, N.J. – JULY 25, 2013 A.M. Best Co. has revised the outlook to stable from negative and affirmed the financial strength rating of B+ (Good) and issuer credit rating of “bbb-” of Preferred Contractors Insurance Company Risk Retention Group, LLC (PCIC) (Billings, MT).The ratings reflect PCIC’s adequate level of risk-adjusted capitalization and recent improvements in operating performance. The ratings also reflect management’s substantial expertise in marketing the type of business PCIC writes.Partially offsetting these positive rating factors are PCIC’s volatile operating results during the first five years of operation, high expense ratio and limited business profile. An additional offsetting rating factor is the execution risk associated with the implementation of PCIC’s business plan. Compare price estimates for your contractors insurance premium rate instantly – online. Further rating factors are the company’s fundamental business strategies, which include providing stable pricing for insurance coverage coupled with quality service for its members. Reflecting its limited business profile, PCIC as an insurer is exclusively oriented toward one class of insureds. PCIC maintains a conservative operating strategy by limiting participation in its insurance program to members that meet stringent underwriting standards. PCIC provides general liability coverage to general contractors and subcontractors in the residential and commercial construction industry. The stable outlook recognizes two consecutive years of PCIC’s improved underwriting results; thus, reducing A.M. Best’s concerns surrounding its historical volatile performance. More Preferred Contractors rating... read more