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DEVELOPERS SURETY & INDEMNITY
P R O G R A M H I G H L I G H T S
Application
AM Best A- VII Admitted
Maximum Limits Available
- $2,000,000 per occurrence
- $4,000,000 general aggregate
- $4,000,000 products aggregate
Minimum Deductibles
- $1,000 property damage per claim
Minimum Premium
- $750 ($1,000 for new residential)
Rating Basis
- Composite rate based on field payroll ($33,600 owner payroll) and subcontract cost
41 Classes of Contractors
Difficult to place, classes include but not limited to
- Paper contractors
- General contractors with high subcontract cost
- Prefab building erection
- Septic tank cleaning
Additional Highlights
- No prior Acts available
Endorsements
- ID 00 37 blanket additional insured
- CG 20 32 95 additional insured with completed operations (commercial projects only)
- Blanket additional insured with primary wavier of subrogation
