Looking to place welding risks with a reliable program backed by strong markets? Cochrane & Company offers a specialized Welding Insurance program tailored to the unique needs of welding contractors. Supported by an A+ XV-rated specialty carrier, this program is built for agents and brokers placing small to mid-sized welding operations performing welding or cutting services for others.
Ideal Accounts and Program Eligibility
This program is designed for independent welding contractors engaged in mobile or on-site welding or cutting. Eligible accounts typically derive no more than 15% of their receipts from metal erection and/or the installation, servicing, or repair of machinery or equipment. Risks involved primarily in fabrication work are not a fit for this program.
Examples of accounts that may be a good fit include:
- A mobile welder servicing agricultural equipment in rural areas
- On-site welding contractors performing structural repairs on commercial properties (excluding new construction/erection)
Coverage Highlights and Features
Cochrane & Company’s Welding Insurance program offers robust protection, including:
Liability Coverages:
- Primary limits up to $3 million occurrence/aggregate
- Medical Payments Coverage included – $5,000 limit
- Excess or Umbrella limits available up to $25 million
- Minimum $500 deductible required
Property Coverages:
- Building and Business Personal Property
- Business Income and Extra Expense
- Basic, Broad, or Special Form options
- Replacement Cost or Actual Cash Value
- Equipment Breakdown
- Accounts Receivable and Computer Equipment
- Contractors’ Equipment and Installation Floater
- Outside Signs and Valuable Papers
Crime Coverages:
Includes Inside the Premises (Theft of Money and Securities, Robbery or Safe Burglary of Other Property) and Outside the Premises coverage.
Underwriting Notes and Minimum Premiums
Minimum premiums vary depending on account size, location, and exposures. All accounts must meet underwriting guidelines, including the 15% cap on structural erection and machinery-related work. Fabricators and large industrial welders are outside the program’s appetite. Please contact Cochrane & Company for assistance pre-qualifying your submissions.
Available States
This program is available in the following states: AK, CA, ID, MT, NV, NM, ND, OR, WA, and WY. It is offered on a non-admitted basis, giving flexibility in underwriting unique or higher-risk operations.
Why Work with Cochrane & Company?
As a Managing General Agency with decades of experience in specialty commercial lines, Cochrane & Company provides agents with access to competitive markets and responsive underwriting. You’ll benefit from working with a team that understands the unique risks welders face and can help you craft coverage that meets your client’s operational needs. Whether your client is a solo mobile welder or a multi-crew welding outfit, Cochrane & Company can help you find the right fit.
For more information regarding the Welding Insurance program provided by Cochrane & Company, feel free to contact us!
Frequently Asked Questions
What types of welding businesses are eligible for this program?
This program targets mobile and on-site welding contractors that perform welding or cutting for others. Accounts should not exceed 15% of revenue from metal erection or machinery-related services and should not be primarily fabricators.
Is fabrication work covered under this program?
No, the program is not designed for risks primarily engaged in fabrication work. These accounts fall outside the underwriting appetite.
What states is the Welding Insurance program available in?
The program is currently offered in AK, CA, ID, MT, NV, NM, ND, OR, WA, and WY.
Are excess liability limits available?
Yes, excess or umbrella liability limits are available up to $25 million, depending on the account and underwriting approval.
Who underwrites this program?
The program is backed by a specialty carrier rated A+ XV. Cochrane & Company acts as the Managing General Agency administering and underwriting the program.
Need help placing an account? Connect with a market specialist.