https://completemarkets.com/company/airisk/Contractors-Equipment/
Contractors Equipment — Program Overview from AI Risk
AI Risk offers a Contractors Equipment program designed for commercial construction companies that own and operate heavy equipment and have exposures to on-site real and personal property loss. This program is underwritten with access to AIG capacity and is intended for agents looking to place equipment fleets and jobsite property accounts that require specialized underwriting and flexible terms.
Key Risk Groups
Construction firms engaged in excavation, land clearing, steel erection, pile driving, wrecking/blasting, dredging, railroad work, and similar heavy civil and commercial construction projects.
Ideal Accounts and Appetite
General contractors and specialty contractors with owned equipment schedules (dozers, excavators, cranes, pile drivers, loaders, etc.).
Contractors with combined needs for contractors’ equipment plus real and personal property located on active job sites.
Mid-size to large projects where equipment values are scheduled and loss control practices are in place.
Accounts that typically fit: insureds with documented maintenance programs, centralized equipment reporting, and moderate loss histories. The program is best for contractors that need a market capable of handling mixed equipment classes and on-site property exposures.
Coverage Highlights and Advantages
Built to cover construction equipment exposures and real & personal property at job sites.
Underwriting expertise for higher-hazard construction operations (e.g., pile driving, steel erection, wrecking/blasting) when presented with appropriate risk controls and schedules.
Access to AIG capacity for larger or more complex placements.
Flexible terms for scheduled equipment and combined property packages — useful for accounts that need consolidated coverage for both equipment and site property.
Underwriting Notes and Minimum Premiums
When preparing submissions, provide complete equipment schedules, values, maintenance practices, operator qualifications, and loss run histories. The program evaluates accounts on operations, equipment age/condition, storage practices, and prior claim patterns.
Minimum Premiums:
$1,500 for Construction Equipment.
$1,500 for Real and Personal Property.
Territories and Availability
This program is available through AI Risk in the following states: AL, AK, AZ, AR, CA, CO, CT, DE, FL, GA, HI, ID, IL, IN, IA, KS, KY, LA, ME, MD, MA, MI, MN, MS, MO, MT, NE, NV, NH, NJ, NM, NY, NC, ND, OH, OK, OR, PA, RI, SC, SD, TN, TX, UT, VT, VA, WA, DC, WV, WI, WY. Paper is offered in the listed states with access to admitted capacity through AIG where applicable.
Typical Restrictions and When to Refer
Accounts that may need special handling or referral include those with significant unresolved prior losses, very high catastrophe exposure without mitigations, or unmanaged rental fleets. Large-diameter specialty risks or accounts lacking documentation of operator training and maintenance may require additional underwriting information.
Why Place Business with AI Risk
Specialized underwriting focus on contractors’ equipment and on-site property exposures.
Direct access to AIG capacity for larger or complex placements.
Responsive submissions review — AI Risk works with brokers to identify required documentation and tailor terms for combined equipment/property needs.
Example Account Scenarios
Example 1: You have a regional excavation contractor with a scheduled fleet of excavators, loaders, and a mid-size crane that needs combined equipment and site property coverage for multiple active projects. This program can provide scheduled equipment coverage with limits appropriate for each machine plus on-site real and personal property protection.
Example 2: A contractor specializing in pile driving and steel erection needs coverage for highly specialized equipment and mobile jobsite property. With proper loss history and maintenance records, AI Risk can consider these accounts through AIG capacity.
Frequently Asked Questions
What types of accounts are a good fit for the AI Risk Contractors Equipment program?Accounts with owned construction equipment schedules and on-site real/personal property exposures — especially excavation, land clearing, steel erection, pile driving, wrecking/blasting, dredging, railroad, and similar heavy contractors — are a good fit when they have documented maintenance and reasonable loss history.
What minimum premium should I expect when submitting a new account?The program has minimum premiums of $1,500 for Construction Equipment and $1,500 for Real and Personal Property. Larger accounts and higher limits will require standard underwriting and pricing based on exposure.
Which states are eligible for placement through this program?AI Risk offers this Contractors Equipment program in the following states: AL, AK, AZ, AR, CA, CO, CT, DE, FL, GA, HI, ID, IL, IN, IA, KS, KY, LA, ME, MD, MA, MI, MN, MS, MO, MT, NE, NV, NH, NJ, NM, NY, NC, ND, OH, OK, OR, PA, RI, SC, SD, TN, TX, UT, VT, VA, WA, DC, WV, WI, WY.
What information should I include with my submission?Include a complete equipment schedule with values, loss runs (typically 3–5 years), maintenance and operator qualification details, descriptions of operations, and any site-specific risk controls. The more complete the submission, the faster underwriting can assess capacity and terms.
Need help placing an account? Connect with a market specialist.
https://completemarkets.com/company/airisk/Products-Liability/
Products Liability Coverage from AI Risk
AI Risk provides a Products Liability program tailored for manufacturers, manufacturer representatives, and wholesale distributors with annual revenues up to $50 million. The program is underwritten by AIG and is designed for accounts with relatively clean loss histories and sound risk controls. Whether the account is a startup component maker or an established industrial machinery producer, AI Risk pairs niche underwriting expertise with fast, practical service to help you place quality business.
Ideal Accounts and Appetite
This program favors accounts that demonstrate strong product safety practices and limited prior liability losses. Preferred classes include:
Manufacturers and distributors of electronic components
Short shelf-life consumer products
Non-critical automotive parts
Plastic or rubber goods manufacturers
Non-powered hand tools
Industrial machinery and casting manufacturers
Machine shops, non-pressurized valves, and pump manufacturers
Accounts with occasional moderate losses may still be considered if the product, safety measures, and distribution controls support acceptable risk. This market is generally not for high-hazard, life-safety, or mission-critical products, although borderline submissions can be reviewed on a case-by-case basis.
Coverage Highlights and Advantages
AI Risk offers primary Products Liability coverage using ISO-based forms, available on either an occurrence or claims-made basis depending on the insured's needs and risk profile. Coverage can be structured to follow products through manufacturing, distribution, and into end-use.
Coverage is backed by AIG, providing strong financial capacity and global claims expertise. AI Risk’s underwriting team brings focused product knowledge and quick responsiveness to help you place business efficiently.
Underwriting Notes and Minimum Premiums
Minimum premium for this program starts at $10,000. Each account is reviewed individually with attention to product details, loss history, documented safety controls, quality assurance procedures, and distribution channels. AI Risk collaborates with agents to clarify submission requirements and to ensure timely underwriting decisions.
Territories and Availability
This program is available in all 50 states and the District of Columbia. AI Risk can provide consistent coverage solutions for regional or national operations.
Why Work With AI Risk?
As both a managing general agency and a carrier partner, AI Risk combines the underwriting agility of a specialty team with the financial strength of AIG. Their focus on small- to mid-size manufacturing and distribution risks lets them move quickly on qualified submissions while offering customized terms when appropriate.
Examples of accounts that can be a good fit: you might have a client that manufactures custom plastic components for industrial equipment with a clean loss history and robust QA processes; or a regional distributor of non-powered hand tools expanding into new states. Those types of risks are well-aligned with this program.
Frequently Asked Questions
What types of accounts are a good fit for this program?Accounts with up to $50 million in revenue—especially manufacturers and distributors of non-critical products such as electronic components, hand tools, and industrial machinery—are primary targets for this program.
Is this program available in all states?Yes. AI Risk’s Products Liability program is offered in all 50 states and the District of Columbia.
What is the minimum premium for this coverage?The program has a minimum premium starting at $10,000. Final pricing is determined after underwriting review of the risk characteristics.
Which carrier backs this program?Coverage is underwritten by AIG, providing strong financial backing and global liability expertise.
Can claims-made coverage be offered?Yes. Both occurrence and claims-made forms are available to accommodate the insured’s needs and exposure profile.
Need help placing an account? Connect with a market specialist.