General Star Management Company has added artisan contractor coverage to its delegated authority product offerings. Consisting of 25 artisan contracting classes, the new coverage will be available in Maine, Massachusetts, New Hampshire, New Jersey, Oklahoma and Vermont.
This primary CGL protection will be written on an occurrence basis with limits up to $1 million per occurrence, $2 million general aggregate, $2 million products/completed operations aggregate and $1 million advertising injury or offense. A zero deductible is available for most classes. Focused on small- to medium-sized risks, eligibility is limited to applicants with up to $1 million in gross receipts or up to $300,000 in payroll. Subcontractor costs are required to be no greater than 25 percent, up to a maximum of $200,000.
Applicants have the option to obtain a package policy, subject to eligibility requirements. General Star’s 40+ endorsement, which adds over forty additional coverages at no additional cost, is also a feature of the new offering. Automatic coverage is provided for additional insureds when required in a contract, in addition to blanket waiver of subrogation and blanket primary non-contributory protection.
Underwritten by General Star’s Delegated Division, coverage is provided on a non-admitted basis by General Star Indemnity Company. General Star is a wholly-owned subsidiary of General Reinsurance Corporation, a member of the Berkshire Hathaway family of companies.
According to Matthew Brown, vice president and Delegated Division manager, the new artisan contractors coverage is one of many new products and enhancements from General Star’s Contract P&C unit. He added that the company plans to expand into additional territories and classes.
General Star Indemnity Company is an eligible surplus lines insurer in all states, the District of Columbia, Puerto Rico, and the Virgin Islands. It has the status as an unlicensed insurer in California and operates under NAIC Number 0031-37362. Insurance is placed with the General Star Indemnity Company by licensed producers and, for risk that qualify, by licensed surplus lines brokers.
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