Contractors Excess Liability Insurance

Choosing the Right Contractors Excess Liability Insurance

contractors excess insurance

When it comes to choosing contractors excess insurance, it is essential to evaluate your corporate insurance program to ensure that you have the right coverage and best policy. Listed below are a few companies that offer these policies: CCIP, Hudson, Southwest Marine, and PBIB. Read on for more information. When evaluating the costs of these policies, keep the following factors in mind:


CCIP is a form of liability insurance for contractors. CIP typically limits coverage to losses that occur on-site. But modern construction practices make determining what constitutes an on-site loss difficult. For example, steel assemblies may be custom-made and brought to the jobsite only for final assembly and installation. In these cases, CIP may be required. But if you don’t purchase CIP, it will be more expensive.


Hudson Insurance Company, with its principal office in New York, provides $4 million of excess umbrella liability coverage to Gelman Sciences, Inc., a Michigan corporation. This policy sat on top of all other policies issued to Gelman. Gelman obtained the policy through an Illinois wholesale insurance broker who, in turn, contacted a Michigan insurance agent. Hudson Insurance is the most comprehensive excess liability policy available in the New York market. In the past, this company has had a long history of providing contractors with comprehensive protection.

Southwest Marine

Without proper insurance, Southwest Marine contractors face an incredible amount of exposure. Fire, large-scale weather, and other incidents can all cause a business to cease operations. Furthermore, nearly 40% of all businesses fail after one of these incidents. Travelers understands the unique challenges faced by marine contractors, and provides specialized risk control services and claims support. They offer a range of coverage options, including excess liability, workers compensation, and business interruption.


When you’re looking to protect your business from costly lawsuits, consider purchasing PBIB contractors excess insurance. This coverage offers additional liability limits in $1,000,000 increments for high-value commercial and residential projects. You can compare quotes from multiple carriers and choose the policy that’s best suited for your business. PBIB offers a variety of insurance plans with flexible payment terms to help you find the best plan for your needs.

Action over clause

An “Action Over” clause in contractors’ excess insurance policies can frustrate risk transfer and undermine upstream parties’ ability to protect their interests. It is critical that upstream parties understand the impact of New York labor laws on the insurance market, and be prepared to request the removal of these clauses. In this article, we discuss why these clauses must be removed from contractors’ policies and how upstream parties can make this request.


CCIP and OCIP are both ways of obtaining contractors’ excess insurance. Both are effective for contractors and can save them money when used properly. However, CCIP insurance is generally more expensive than OCIP. This is because it includes many additional coverages and is more specific to a particular project. CCIP may be more beneficial for a contractor with a strong safety record, but it could also cause additional work for Subcontractors.


Excess insurance is an expense that many contractors face. It varies from company to company and even from project to project. Contractors with higher risk exposures pay more for their insurance, while smaller businesses may not be able to afford it. Those with higher risk exposures may opt to purchase contractors’ excess insurance. Listed below are some factors that should be considered when determining the cost of contractors’ excess insurance. This article aims to shed some light on these factors and give you some tips for reducing the cost of your insurance.

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