PowerPro®
NIP Programs can get you great rates on Electrical Contractors with a program designed for this class called PowerPro®.
This new program 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 AM Best A Rated carrier.
Program Highlights
- ISO-Based, Admitted Package Product
- AM Best A Rated (Excellent) Carrier, Company Size IX
- 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 44 states (Exceptions: AK, HI, ID, ND, MT, CO and NYC 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)
