Allstar Financial Group
Contact Us
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Allstar Financial Group
Contact Us
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Contractors Insurance

Contractors Insurance

Allstar Financial Group offers Contractors Insurance for small to mid-sized construction and related operations. Coverage includes Property, Casualty (General Liability), and Umbrella limits, with package or monoline options. Our small business solutions team streamlines quoting and binding so you can place accounts quickly. Call to speak with one of our underwriters for program details and submission requirements.

Property Coverage Highlights

    TIV up to $5M (per location)
    Monoline or package forms available
    No-coinsurance options available (may vary by risk type)
    Optional coverage enhancements available
    Equipment breakdown available

Risk types: Contractors, Habitational, Offices, Vacancies, Retail, Wholesale, Institutional

Casualty Coverage Highlights

    Monoline or package options
    Minimum premium starting at $500
    Primary limits up to $5M / $5M

    Project-specific policies available
    Coverage for uninsured subcontractors available where appropriate
    Optional endorsements and enhancements include:

           - Blanket additional insured
           - Waiver of subrogation
           - Primary/non-contributory wording
           - Per project / per location aggregate
           - Hired & Non-Owned auto (certain classes)
           - Miscellaneous professional (certain classes)

Risk types: Contractors, Habitational, Offices, Vacancies, Retail, Wholesale, Institutional

Umbrella Coverage Highlights

    Limits available up to $5M
    Minimum premium starting at $750
    Available supported or unsupported

Underlying Requirements

    AM Best A-VI or better for Commercial Auto or General Liability carriers
    AM Best B++ or better for Employers Liability where required
    Typical GL underlying limits: $1M / $2M / $2M

Ideal Accounts and Appetite

Allstar's Contractors Insurance program targets contractors and related occupancies in the Southeast. Ideal accounts include general contractors, specialty subcontractors with safe loss history, small owner-occupied habitational exposures, office and retail locations tied to construction operations, and short-term project policies. The program can handle accounts with moderate values up to $5M TIV per location and supports project-specific placements and additional insured/waiver of subrogation requests.

Not a good fit: high-hazard trades with poor loss history, large coastal wind exposures beyond guideline limits, or accounts requiring admitted paper outside the program's territory or appetite.

Underwriting Notes and Minimum Premiums

Underwriting favors accounts with documented safety programs, stable loss runs, and clear subcontractor controls. Minimum premiums vary by line: casualty placements generally start around $500, and umbrella placements typically start around $750. Equipment breakdown and other property enhancements are available and priced case-by-case. Project policies and per-project aggregates are supported — provide scope, contract language, and certificate requirements at submission.

Territories and Availability

This program is available through Allstar Financial Group as a Managing General Underwriter and Excess & Surplus Lines broker in the following states: AL, GA, LA, MS, NC, SC, TN, and VA. Coverage availability and admitted vs. non-admitted placement will depend on the specific state and carrier options; discuss state-specific placement with underwriting when you submit.

Why Work With Allstar Financial Group

  • Specialized small business solutions team that expedites quoting and binding for contractors.
  • Flexible package and monoline options with common endorsements for construction needs.
  • Access to multiple carrier markets for admitted and E&S placements within the program territory.
  • Underwriters available to review project language, additional insured requests, and complex submissions.

Submission Tips

To speed placement, include: completed application, current loss runs (5 years preferred), detailed schedule of operations, payroll and revenue breakdown by class, information on subcontractor controls, and contract wording when additional insured or waiver of subrogation is required.

Frequently Asked Questions

What types of contractor accounts fit this program?

Smaller to mid-sized general contractors and specialty trades with moderate exposures, documented safety programs, and acceptable loss histories. The program also supports owner-occupied habitational and project-specific policies when within stated limits.

Which states does Allstar Financial Group write this program in?

This Contractors Insurance program is available in AL, GA, LA, MS, NC, SC, TN, and VA. State availability and whether coverage is admitted or non-admitted depend on the carrier options for each risk.

What are the minimum premiums and common limits?

Minimum premiums vary by line: casualty placements generally start around $500 and umbrella placements around $750. Primary casualty limits up to $5M are available, and umbrella limits up to $5M are supported.

Can you write project-specific policies and provide additional insured or waiver wording?

Yes. Project-specific policies are available and the program offers common endorsements such as blanket additional insured, waiver of subrogation, and primary/non-contributory wording where allowable by underwriting.

What documentation speeds underwriting?

Provide a completed application, current loss runs (preferably five years), payroll and revenue detail by class, subcontractor controls, and any contract or certificate language that may affect coverage. This information helps underwriters evaluate and bind faster.

Need help placing an account? Connect with a market specialist.

U.S. States Available

  • U.S. States Available:
  • Provider Type:
    Managing General Underwriter and Excess & Surplus Lines Broker
  • Admitted:
    Most Available States
  • Carriers:
  • Carrier Ratings:
    A
  • Commission:
    -
  • Min Premium:
    varies

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LOCATION

600 NC Hwy. 42 West
Clayton, NC 27520
877-950-3222

AGENCY LICENSING


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Allstar Financial Group has other insurance programs like Apartment/Condo Insurance.