Summit Contractor’s Plus ____________________________________________________________1
Building the Right Program for You
Selective Insurance Group, Inc., is an A.M. Best-rated A+ (Superior) regional insurance company with assets of more than $3 billion. Selective has a 75+ year history of successfully serving the construction industry. Our success has been built on the philosophy of knowing our customers’ needs and providing them with a superior product at a competitive price. Selective also believes that price and product are not enough, and that excellent service to our customers is the key to building a relationship. Selective has a reputation for consistency in the market. Just like you, we intend to be in it for the long haul. We will be there for you with a full array of products and services that will fit your needs at a price that will be hard to beat.
The Types of Contractors We’re
Interested in Writing
The Selective Summit Contractor’s Plus Program is designed specifically to meet the needs of larger contractors with more significant exposures.
We’re interested in helping you write the entire account from General Liability, Automobile, and Property to Inland Marine, Umbrella Liability, and Workers’ Compensation. The General Liability, plus one Elective Coverage (Automobile, Property or Inland Marine), subject to program minimum premium, must be writ-ten by Selective in order for a contractor to qualify for the Selective Summit. As always, our underwriters will evaluate each risk on an individual basis. Our guidelines are simple. We’re looking for contractors who run financially stable, established businesses with good track records. The gross annual receipts of our target contractors do not exceed $10 million. There are no payroll limitations. The total cost of work they subcontract to independent contractors comprises less than 35% of their gross annual receipts. We are not interested in writing contractors who rent or lease equipment to others.
Program Highlights
The Selective Summit Contractor’s Plus Program is designed to provide contractors with better protection at competitive rates. This enables the successful contractor to keep insurance costs under control without sacrificing protection. It’s a CPP-based product that builds in many of the features that cost extra with other pro-grams. Additionally, our ElitePac Endorsements for Automobile and Liability and Property offer a wide range of enhanced coverages and limits specifically for con-tractors at no additional premium charge.
Here are some of the Pluses the program includes:
Liability Coverages
• Bodily Injury and Property Damage • Personal Injury and Advertising Injury • Contractual Liability
2________________________________________________________________________________________________ • Employees as Insureds
Automatic ElitePac Endorsement extends coverage to include: • Mental Anguish (resulting from bodily injury)
• Unintentional Discrimination and Humiliation*
• $100,000 Fire Damage Liability (includes loss from fire, lightning, and explosion)
• Newly Acquired and Formed Organizations (covered up to 180 days) • Product Recall - $25,000
• Non-Owned Watercraft (less than 51 feet) • Non-Owned Aircraft
• Blanket Additional Insureds for on-going operations with built in primary and non-contributory coverage where required by a written contract
• Incidental Malpractice • Medical Payments $10,000
• Broadened Knowledge and Notice of Occurrence and Unintentional Failure to Disclose Hazards
• Worldwide Coverage for Goods Made or Sold in the U.S., its Territories and Canada
• Waiver of Subrogation where required by a written contract
Plus Available Options
• Limited Coverage for Property in the Insured’s Care, Custody, and Control • Limited Worksite Damage
• Blanket Additional Insured coverage for completed operations where required by a written contract
Elective Coverages
When Automobile Coverage is purchased, Automatic ElitePac Endorsement extends free coverage to include:
• Blanket Additional Insureds • Fellow Employee Coverage • Limited Care, Custody Control • Hired Car Physical Damage • Lease Gap Coverage*
• Limited Rental Reimbursement • Multiple Loss Deductible provisions • Knowledge of Occurrence
• Unintentional Failure to Disclose and more!
Summit Contractor’s Plus _____________________________________________________________________________3 When Property Coverage is purchased, Automatic ElitePac Endorsement extends
free coverage to include:
• $1,000,000 Building, $500,000 Personal Property for new acquisition, or newly constructed
• Coverage applies to property within 1000 feet of described premises • Replacement Cost Coverage
• $25,000 Protection for Property Off-Premises Including Tools • $10,000 Coverage for Outdoor Fences
• $50,000 Extra Expense Insurance
• $25,000 Coverage for Property in Transit (includes tools and F.O.B. shipments) • $30,000 Coverage for Valuable Papers and Records
• $25,000 Coverage for Personal Effects ($2500 per individual/includes theft) • $10,000 Protection for Outdoor Trees, Shrubs, and Plants (no per item limit) • $10,000 Coverage for Outdoor Signs
• $10,000 Coverage for Radio and Television Antennas • $25,000 Installation Coverage
• $5,000 Coverage for Money, Securities, and Stamps • $25,000 Accounts Receivable Coverage
• $50,000 Computers and Media
• Limited Seasonal Increase - Business Personal Property - up to 50% • $50,000 Ordinance or Law for Demolition or Increased Cost
of Construction (ea)
• Broadened Water Coverage and more!
Inland Marine available coverages:
• Builders’ Risk • Contractors’ Equipment • Installation Floater • Accounts Receivable • EDP Coverage • Miscellaneous Property • Signs
Plus, available Umbrella Liability Coverage:
• $15,000,000 in-house capacity
• No Self Insured Retention Limit unless required by law • Coverage for legal expenses, is in addition to your policy limit
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Plus, available claims made Pesticide/Herbicide Form
• Limits up to $1,000,000 • Available Prior Acts Coverage
• Covers Job Site and Storage on Premises • Intentional Acts of Employees
• Includes Transportation of Pesticides/Herbicides
• Optional above ground fuel coverage (tanks 2500 gallons and under) • Standard 90-day reporting period
• Optional unlimited reporting period and more!
Plus, available Contractors Professional (E & O) Coverage
• Claims-made including prior acts • Limits up to $1,000,000
• Wide-eligibility range
• Deductibles $500 (standard) to $10,000 • Standard 90-day reporting period
• Optional unlimited reporting period and more!
Plus, available Coverages
• Surety Bonds • Fidelity Bonds
• Workers’ Compensation
The Support You Need
As with any program, competitively priced, comprehensive coverage is a good start, but it’s not enough to make a program a success. That’s why you also get a full range of support services including: a choice of payment plans; direct bill; all-lines capabilities; responsive service; and the commitment that we will be there for you.
Selective can work on building the right program for you.
40 Wantage Avenue Branchville, New Jersey 07890 www.selective.com
