Los Angeles-based Lemac & Associates has added another new market looking to quote residential subcontractors on an occurrence form.
Requirements: Minimum premium is $250,000. Minimum SIR is $10,000. Limits can go as high as 1/2/2. Blanket Additional Insured using the CG 20 10 93 is available.
Eligibility: The market requires 10 years loss runs to bind coverage, but if the loss experience is good, they will entertain the risk with as few as 7 years currently valued loss runs. Lemac requires submissions to include an Acord Application and a company specific questionnaire. The questionnaire is available at Lemac’s Web site.
Any risks that don’t fit into this program may be eligible to be quoted in another of Lemac’s other markets. Interested agents and brokers are invited to visit the Lemac Web site or call their Lemac account executive in Los Angeles at (323) 857-9400 or Orange at (714) 938-0251.
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