Construction Flashcards
1
Q
Appetite
A
$750,000 field payroll minimum- Commercial Sub Contractors (Electrical, HVAC, Millwright, Concrete), Heavy Contractors (Water/Sewer, Street and Road, Bridge), and GC (TI, Military, and Ground Up and Primes)
2
Q
Contractor size
A
Small, Medium and Large Contractors (GC and Large Deductible) we underwrite them all and MUST RC prior to quote
3
Q
Appetite limitations for…
A
Very limited residential appetite (GL/Umb)- no townhomes, single family, retirement facilities, apartments- sometimes can give back depending on the type of work
4
Q
TRV is the largest…
A
TRV is the largest construction carrier - $2B premium
5
Q
Construction dedicated…
A
Construction dedicated risk control, claim and underwriting - local
