Los Angeles-based Lemac & Associates has added a new market for residential contractors in California. This is a non-admitted market for contractors including wrap-ups for single family and multi-family projects, residential generals (can do project specific), artisans, EIFS contractors and most classes of commercial contractors. Eligible accounts musts have an effective date of Jan. 1 2006, or later. The market is rated “A,” -VIII by Best’s.
Minimum premiums and details are as follows:
Wrap-Ups
• Limits up to $1/$2/$million
• Includes 10 years Completed Operations
• Minimum premium $200,000
• Minimum deductible $25,000
• Tracts up to 100 homes
• Condominium/Townhomes up to 20 units per project
Residential General Contractors
• Up to 15 homes per year, all of which can be in one development
• Minimum premium $20,000
• Minimum deductible $5,000
Residential Artisan Contractors
• Tract and condo/townhome work only if doing infrastructure work such as utilities, sewer and water & street & road
• Minimum premium $20,000
• Minimum deductible $5,000
Commercial Contractors
• Almost all classes are eligible
• Minimum premium $20,000
* Minimum deductible $5,000
For information, call (323) 857-9400 or Orange at (714) 938-0251.
Topics California Contractors
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