Utah Business Insurance Company (UBIC) has developed a dedicated Workers Compensation program tailored for construction-related exposures. This construction-focused solution is designed to meet the unique needs of contractors and trades professionals by offering flexible underwriting and specialized risk management tools.
Overview of the Program
UBIC's Construction Workers Compensation Insurance program is built to handle the challenges contractors face daily. Whether you're placing a new venture with proven industry experience or a growing contractor expanding across multiple states, this program is designed to deliver responsive underwriting and tailored risk solutions.
Ideal Accounts and Appetite
This program targets most NCCI construction class codes and is ideal for accounts with a minimum of three employees, not including owners or officers. Roofing contractors are considered, although they require a higher minimum premium. Accounts transitioning from PEO or employee leasing arrangements are also eligible.
Example accounts that fit well include:
- A drywall contractor with five field employees operating in Utah and Nevada
- A start-up electrical contractor in Colorado with a founder who has prior experience in the industry
Coverage Highlights and Advantages
- Individually underwritten accounts based on risk characteristics—not class-based underwriting
- Admitted in all available states
- Access to Companion Property and Casualty, Companion Commercial Insurance, and UBIC
- Monthly self-reporting and flexible payment plans available
Risk Management Tools
- Custom safety manuals and meeting logs
- Checklists and safety tips tailored to construction environments
- Quarterly to annual risk management assessments, depending on account needs
- Access to phone, in-person, or online safety consultations
Underwriting Guidelines and Premiums
- Most NCCI construction codes are eligible
- Accounts with experience modification factors up to 1.50 accepted (higher with referral)
- Minimum premium starts at $2,500 ($5,000 for roofing risks)
- New ventures accepted with verifiable experience in the trade
Territories and Availability
This program is available in Arizona, Colorado, Idaho, New Mexico, Nevada, Oregon, and Utah. Multi-location and multi-state operations are eligible.
Why Work With UBIC?
UBIC brings deep expertise in construction-related workers compensation risks. As a carrier offering admitted solutions across the Western U.S., UBIC provides agents and brokers with competitive underwriting, responsive service, and risk management tools that help your construction clients operate more safely and efficiently.