Restoration Contractor Insurance

Restoration Contractor Insurance

J.M. Wilson offers complete coverage, enhanced aggregate limits and great rates – all with one “A+” carrier!  No other policy addresses the unique needs of the Restoration Contractor quite like this one.  See below for our unique product features and highlights for Restoration Contractor Insurance!

Unique Product Features for Restoration Contractor Insurance:

• Does NOT exclude coverage for professional liability from its policy
• Does NOT exclude or limit punitive, exemplary, multiplied or treble damages for mold and bacteria claims
• Does NOT exclude asbestos, silica or claims arising from demolition or exterior work on homes having EIFS
• Grants automatic Additional Insured status and Waiver of Subrogation when required by written contract or agreement.  An agreement may be oral with our carrier and it does not require this to be done before commencement of a project.
• Separate Aggregate Limits for GL, Products and Completed Operations, Pollution and Mold/Bacteria.  A total policy aggregate of $8 million.

Additional Highlights for Restoration Contractor Insurance:

• The industry’s broadest coverage available for Mold and Bacteria
• No covered operations exclusions
• Full coverage for subcontracted work without requirements to be met as conditions of coverage
• Exceeds the coverage provided by “limited” Professional / E&O Endorsements
• Coverage for defense and indemnity of claims demanding punitive, multiplied and exemplary damages.
• Contractor Pollution Liability coverage includes coverage for asbestos, lead, EIFS and silica
• Includes Transportation of Pollutants
• Employee Benefits Liability available
• Stop Gap Livability Available
• Multiple Retention Options
• Meets or exceeds the requirements of all major insurance claim adjusting organizations
• A+ Rated Carrier
• Competitive Rates

Related Resources:

·         J.M. Wilson Blog – The Intersection:  “3 Insurance Coverages Your Mold Remediation Contractor Needs”, by James Reincke, Brokerage Manager