Program Brokerage Corporation (PBC), a leading wholesale insurance brokerage firm announced the launch of a new, comprehensive insurance program for Trade Contractors in New York State. The specialized insurance solution, underwritten by an A rated carrier, offers a wide range of coverage with no “action-over” or labor law exclusions.
Through this robust new offering, both interior and exterior trades are eligible; with some limited exceptions(scaffolding, street and road, water sewer main, demolition, structural steel, pile driving and foundation work) Some other program highlights include: minimum premium is $75,000 or $65,000, if outside of New York City’s five boroughs and a $15,000 deductible, with a $25,000 for labor law related claims.
“Trade contractors face a variety of liability exposures due to the nature of work they perform. This new program was designed specifically to protect this industry against some key exposures that are typically not covered, which makes this very unique in the New York marketplace,” said Cynthia O’Brien, President of PBC’s General Wholesale Division.
For questions, submission requirements and additional information, please visit the dedicated storefront for this program or contact Stephanie Mulrane at 212-338-2949 or firstname.lastname@example.org.
About Program Brokerage Corporation
Headquartered in New York, Program Brokerage Corporation (PBC) is a leading wholesale operation known for their wide range of offerings including niche programs, general wholesale, professional liability and environmental capabilities, which have helped it become one of the nation’s largest MGAs. For more information, visit www.programbrokerage.com.