Ideal Accounts and Appetite
The PowerPro® program is specifically structured for:
- Electrical Contractors
- Electrical Apparatus Installation, Service, and Repair Companies
Typical accounts include contractors working on residential, commercial, or light industrial projects. Whether your client runs a small regional crew or a multi-state operation, this program is structured to scale with their needs. Accounts with clean loss histories, established safety protocols, and a focus on compliance tend to fit best.
Coverage Highlights and Advantages
PowerPro® delivers robust protection with a wide array of enhancements commonly needed by electrical professionals. Some key features include:
- All-lines coverage including General Liability, Workers’ Compensation, and Umbrella
- Coverage tailored to electrical exposures, including tools and equipment
- Optional inland marine, installation floaters, and contractor’s equipment coverage
- Risk management services and claims support from experienced professionals
This program helps agents provide their clients with not just insurance, but tailored protection that reflects the realities of running an electrical contracting business.
Underwriting Notes and Minimum Premiums
Minimum premiums vary depending on the size, scope, and location of the operation. NIP Group works with a variety of carriers to match accounts with the right market. Submissions with thorough underwriting details—such as detailed operations descriptions, safety programs, and loss runs—will receive the most competitive consideration.
Territories and Availability
The PowerPro® program is available in most states, including but not limited to CA, TX, FL, NY, IL, and NJ. Coverage is written on an admitted basis in most jurisdictions. For full availability, refer to NIP Group’s state-level details or contact their team directly to confirm placement options in your client’s area.
Why Work With NIP Group
As a specialized Managing General Agency (MGA), NIP Group brings deep expertise in niche markets like electrical contracting. Their underwriters understand the industry’s risks and requirements, helping agents move quickly from submission to quote. With access to multiple carrier partners and a focus on service, NIP Group is a valuable partner for agents seeking long-term solutions for their contractor clients.
You might have a client who installs and services electrical control systems for commercial buildings, or a growing firm that performs residential wiring and sub-panel installations—these are the types of operations that PowerPro® is built to support.
Frequently Asked Questions
What types of accounts are a good fit for this program?
PowerPro® is ideal for electrical contractors and companies involved in electrical apparatus installation, service, and repair. Accounts with clean loss histories and a focus on safety are best suited.
Is coverage available nationwide?
The program is available in most states, including CA, TX, FL, NY, and NJ. Admitted coverage is offered in many of these states. Contact NIP Group to confirm availability in your state.
What lines of coverage are included?
PowerPro® offers all-lines coverage, including General Liability, Workers’ Compensation, Commercial Auto, Property, and Umbrella. Optional enhancements such as inland marine and contractor’s equipment are also available.
What information is needed for a quote?
Underwriters typically require a completed application, detailed description of operations, loss runs, and information about safety programs. The more complete the submission, the faster the turnaround.
Who underwrites the PowerPro® program?
NIP Group works with various carriers to place coverage. They act as a Managing General Agency (MGA), bringing specialized underwriting expertise to serve this niche market.
Need help placing an account? Connect with a market specialist.