PGI Commercial (PGIC) is making available an insurance program designed specifically for contractors who are certified to install Exterior Insulation and Finish Systems (EIFS).
The commercial general liability policy is offered on a claims-made basis and was created to fill a market void. Most traditional CGL policies written for contractors specifically exclude coverage for any completed operations involving EIFS application. This exclusion in coverage can leave contractors unknowingly exposed to a potentially significant liability.
The program is available on a nationwide basis with limits up to $1,000,000 per occurrence, $2,000,000 general aggregate. Coverage is provided by an A, XV rated market.
Dryvit Systems, Inc., a manufacturing of EIFS products, has endorsed the program.
Insurance producers interested in the EIFS program should contact Jill Bay at 714-333-1703. EIFS contractors should ask their independent insurance agent to contact PGI Commercial.
PGI Commercial (PGIC) is the U.S. program manager of Bermuda-based insurance distributor Primary Group Limited. PGIC manages property and casualty programs on a nationwide basis.
Source: PGIC Commercial