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Argo Construction covers a variety of New York construction risks through its contractor insurance offerings for both general and trade contractors.

New York Construction

Argo Construction covers a variety of New York construction risks through its contractor insurance offerings for both general and trade contractors.

Coverage Highlights

By providing full action over coverage as well as non-action over coverage on owners, general contractors and trade contractors in New York, Argo Construction can meet the needs of a variety of construction risks in the state.

General Contractors

  • Primary and Excess liability

Trade Contractors

  • Focused on interior trade contractors
  • Primary and Excess liability
  • Consideration for certain high-hazard classes with an opportunistic approach

Coverage Amounts

Coverage Limits

  • Primary: $1/2/2M or $2/4/4M
  • Excess: Ability to offer up to $9 million in lead Excess limit over our Primary $2/4/4M

Appetite & Availability

General Contractors – focus on rehabilitation and renovation

  • Minimum premium is $45,000 (with a limited form) & $55,000
    • Note: If the only direction payroll is supervisory and a limited form is applied, our MP can be as low as $30,000
  • No self-performed (employee) exterior height work – such work can be subcontracted out

Trade Contractors

  • Minimum premium is $40,000
  • No self-performed (employee) exterior or height work – such work can be subcontracted out
  • Excludes roofing, street and road, demolition, sewer/water main, and new ventures
  • Focus on practice policies

New York Construction Prohibited Classes

  • Street and road
  • Demolition
  • Roofers
  • Sewer/water main contractors
  • New ventures (consideration given to general contractors on a limited form)

Excess

  • Lead Excess – up to $10 million on supported coverage
  • Capacity deployed depends on size and scope of project or risk.

What’s Unique

  • The ability to offer a 2/4/4 Primary, a 3×2 Excess, & additional 6×5 Excess, all on the same risk

Additional Information

Send submissions to [email protected]

Resources

Contact

For more information about New York Construction, please contact:

Justin Hobbs

VP, Construction Business Leader, NY

212-607-8825 Email Justin Hobbs
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