Residential Carpentry Workers Compensation Insurance from IPMG
Insurance Program Managers Group (IPMG) offers a focused Workers Compensation program for residential carpentry operations. Built for independent agents and wholesale brokers, this solution helps you place start-ups, established contractors, and higher-risk accounts by providing access to multiple A-rated (or better) carriers and flexible underwriting tailored to residential construction exposures.
Ideal Accounts and Appetite
This program is targeted to residential carpenters and select framing contractors. IPMG will consider:
- Residential carpentry and framing contractors
- Start-up operations with a documented business plan and basic controls
- Accounts with elevated experience modification factors
- Clients with prior losses where loss runs and explanations are provided
Typical fits include a small framing crew starting under new ownership or an established residential carpenter looking for broader market access after challenging loss experience.
Coverage Highlights and Advantages
IPMG places business with carriers that understand the unique risks of residential job sites—fall exposures, repetitive-motion injuries, and subcontractor relationships. Key advantages for you and your clients include:
- Access to multiple admitted and non-admitted markets to improve placement opportunities
- Ability to consider higher-mod accounts and those with documented prior losses
- Underwriting teams experienced in construction risks and responsive service to help move submissions
Underwriting Notes and Minimum Premiums
To help speed quoting, include the following with every submission:
- Completed ACORD application with a clear description of operations and payroll allocation
- Currently valued loss runs (when applicable) and explanations for prior claims
- Current experience modification rating (if available)
The program’s minimum premium starts at $5,000. Final pricing will depend on factors such as payroll, assigned class codes, loss history, and state rules.
Territories and Availability
IPMG writes Residential Carpentry Workers Compensation across a broad footprint. We currently write business in the following states:
AK, AL, AR, AZ, CA, CO, CT, DE, FL, GA, HI, IA, ID, IL, IN, KS, KY, MD, MI, MN, MO, MS, NC, NE, NV, OK, PA, RI, SC, SD, TN, TX, UT, VA, WI, WV, DC.
We can place accounts in admitted or non-admitted markets depending on the account needs and carrier appetite.
Why Work With IPMG?
As a wholesale broker, IPMG brings targeted construction expertise and broad market access to help you place difficult or startup carpentry accounts. Our underwriters work with agents to tailor submissions, identify the best market fit, and move business quickly. If you need to place a higher-mod account or a contractor with prior losses, IPMG provides the markets and service to improve placement success.
Example scenarios you can place through this program:
- A small residential framing crew under new ownership that needs its first workers comp policy and can provide a business plan and payroll estimates.
- An established residential carpenter with an elevated mod and prior claims seeking broader market access and underwriting flexibility.
Use IPMG when you need construction-savvy underwriting, multiple carrier options, and support placing residential carpentry workers compensation risks.