PowerPro®

NIP Programs can get you great rates on Electrical Contractors with PowerPro®, a program specially designed for this class.

PowerPro provides all-lines coverage (including Workers’ Comp and Umbrella) and many coverage enhancements tailored specifically to the insurance needs of electrical contractors. Examples include: Blanket Additional Insured, Per Project Aggregate, Blanket Waiver of Rights, Primary Non-Contributory, Completed Operations, and more. The program is underwritten by an A.M. Best “A Rated” carrier.

Program Highlights

  • ISO-Based, Admitted Package Product
  • AM Best A Rated (Excellent) Carrier, Company Size X
  • Highly Competitive Rates
  • Superior Customer Service

Eligible Exposures

  • Electrical Contractors, Electrical Apparatus Install, Service, Repair
  • Eligible States: Program is admitted in all states and can currently be written in 45 states (Exceptions: AK, HI, ID, MT, and NYC’s 5 Boroughs)

Ineligible Exposures

  • Accounts subcontracting more than 40% of their work
  • Accounts performing work as a General Contractor or Paper Contractor
  • Accounts performing work on new tract housing and new condo projects

Lines of Business

  • General Liability – Premises and Operations (up to $1M per occurrence, $2M general aggregate, $2M products completed operations aggregate)
  • Auto Liability & Physical Damage ($1M Combined Single Limit)
  • Property (limits up to $3M Total Insured Value)
  • Inland Marine (limits up to $3M)
  • Umbrella Liability
  • Workers’ Compensation (Statutory Limits)

Special Coverages

  • Blanket Additional Insured
  • Per Project Aggregate
  • Blanket Waiver of Rights
  • Primary Non-Contributory
  • Completed Operations
  • Employee Benefits Liability
  • Workers’ Compensation (Statutory Limits)
  • Limited Jobsite Pollution Liability

Submission Requirements

  • Completed and signed ACORD applications and NIP PowerPro Supplemental
  • Complete description of operations
  • 3 years plus 1 current year of currently valued, hard copy loss runs for all lines of business being requested
  • MVRs for all drivers of company vehicles (if auto coverage requested)
  • Workers Compensation: Description of safety initiatives, hiring practices, return-to-work and drug testing programs; Experience Modification Worksheet and 3-5 year history (if available)
NIP Group, Inc. 900 Route 9 North | Suite 503 | Woodbridge, NJ 07095-1003 | 800.446.7647