Standard Risk Class Definition
The class of individuals who represent average risk within the frame of the insurer's underwriting practices. This class of individuals pays average premiums.
AIU Holdings Inc.'s Construction Risk Management Group has launched a new product, the Contractor's Commercial Prime Endorsement, which combines 21 coverage extensions now added automatically to its commercial general liability offering.
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builders risk insurance New York"Contractors will be provided Contractor's Commercial Prime endorsement automatically when they bind their renewal or new business with one of our insurers," said Daniel Conway, president, Construction Risk Management Group.
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Contractor's Commercial Prime Endorsement combines 21 of the most frequently requested commercial general liability policy enhancements for contractors. The form is designed to significantly reduce the amount of time and administrative burden involved in adding numerous separate coverage endorsements at different times, the company said.