Overview of the Water Proofers Insurance Program
This program is designed for agents and brokers who need an admitted construction market for waterproofing contractors and related trades. The program provides occurrence-based Commercial General Liability (including Products/Completed Operations) with flexible limits and underwriting tailored to contractors—general contractors, subcontractors, artisans and remodelers—working on both residential and commercial projects.
Program highlights
- Occurrence-based CGL with Products/Completed Operations included.
- Limits available up to $1,000,000 per occurrence / $2,000,000 aggregate; per-project aggregates can be offered.
- Deductibles as low as $2,500 per claim.
- Minimum premium starts at $2,500; minimum earned premium is 25% for annual policies.
- Indications and quotes may be provided from an ACORD application; to bind a policy a signed Benchmark application is required.
- Rating basis: gross receipts. Maximum policy term is one year; short-term policies are available.
Ideal Accounts and Appetite
Gladius targets residential and commercial waterproofing contractors and related construction classes that are frequently hard to place in admitted markets. Typical fit includes:
- Waterproofers performing new construction, repair, or remediation work.
- Subcontractors and artisans working under general contractors on residential or commercial projects.
- Accounts with tract homes or larger projects—no restriction on project size or amount of work subcontracted.
Examples you might place through this program:
- A waterproofing subcontractor handling basement membrane installations for a residential developer—completed operations exposure is covered.
- A small waterproofing contractor doing commercial plaza waterproofing with annual gross receipts that fit the program’s rating schedule and minimum premium.
Coverage Details and Advantages
The program focuses on admitted market security and underwriting flexibility for difficult construction risks. Key advantages include admitted paper through Benchmark Insurance Company, occurrence-based coverage language, willingness to offer per project aggregates, and specific endorsements to support contractor contractual obligations.
Additional Insured and Waiver Options
The program supports common Additional Insured and Waiver of Subrogation requests. Standard forms and guidelines include:
- G0101 (03/01/08) – Blanket AI – “Your Work” Wording including Completed Ops – If not included at binding, %5 of the manual premium applies.
- G0105 (03/01/08) – Scheduled AI – $250 Additional Premium Applies.
- G0103 (09/24/2009) – Blanket AI with blanket Primary/Non-Contributory – If not Included at binding, %10 of the manual premium applies.
- G0106 (09/24/09) – Scheduled Primary – $500 Additional Premium if no blanket AI in place, $350 with blanket AI in place
- G0905 (09/24/09) – Blanket Waiver – If not included at binding, %5 of the manual premium.
- GC0906 (09/24/08) – Scheduled Waiver – If insured has Blanket Waiver of Subrogation in place, no AP. If not, $100 additional premium applies.
- G0907 (03/01/08) – Scheduled Per Project Aggregate – $250 Additional Premium
Underwriting Notes and Minimum Premium
Indications can be provided from a completed ACORD application. To bind coverage, the program requires a signed Benchmark application. The minimum premium for the program is $2,500 and the minimum earned premium is 25% for annual policies. Rating is based on gross receipts; please disclose payroll and subcontracted work details where applicable.
Territories and Availability
Coverage is currently available in California, Nevada, Washington, Minnesota, Texas and Oregon. Gladius plans to expand to additional states in the near future—check back for updates or submit a quote request for consideration.
Why Work With Gladius Insurance Services, LLC
Gladius combines admitted market access (Benchmark Insurance Company) with expertise placing hard-to-write construction classes. As an Excess & Surplus Lines Broker and program administrator for this admitted solution, Gladius provides underwriting flexibility, common contractor endorsements, and the ability to handle additional insured and waiver requests that many admitted markets decline.
If you have a waterproofing or related construction account that has struggled to find admitted coverage, submit an ACORD application for an indication. For binding, be prepared to provide the signed Benchmark application and any loss history or job schedule(s) that clarify operations and exposures.
Frequently Asked Questions
What types of waterproofing accounts are a good fit for this program?
Residential and commercial waterproofers, subcontractors, and artisans doing new construction, repair, or remediation work are a good fit. The program accepts projects of any size and has no restriction on the amount of work subcontracted.
What limits, deductibles, and minimums should I expect?
Limits up to $1M/$2M are available, with per-project aggregates offered when needed. Deductibles can be as low as $2,500. The program’s minimum premium starts at $2,500 and the minimum earned premium is 25% for annual policies.
Which states are currently eligible?
Coverage is available in California, Nevada, Washington, Minnesota, Texas and Oregon. Gladius intends to expand availability over time.
What do I need to bind coverage?
You may receive an indication from an ACORD application, but to bind the policy Gladius requires a signed Benchmark application. Provide gross receipts, job schedules, and loss history where applicable to streamline underwriting.
Need help placing an account? Connect with a market specialist.