Introducing the NEW CAHB General Liability Program in partnership with Vela Insurance Services and RPS, Inc.
Through a unique partnership between the Colorado Association of Home Builders, Vela Insurance Services and RPS, we have been able to package an insurance program that provides competitive pricing and enhanced coverage.
General Contracting coverage includes:
- Carrier Rating: A+ – XV
- Flexible definition of classification codes
- “Additional Insured” coverage for owners, lessors, contractors, scheduled individuals or organizations.
- Completed operations “additional insured” coverage for owners, lessors and contractors will be considered.
- $10,000 preferred minimum premium for CAHB members, depending on number of units built.
- Deductibles starting at $2,500
- $1M / $2M / $2m Limits or $2M / $2M / $2m Limits
- Tract or multi-family projects will be considered.
- Silent on punitive damages
- Subsidence coverage available
- No prior work exclusion
- Defense outside the limits
- Broad duty to defend
- 48 hour quote turnaround
General Liability for builders – Association member discount and broad policy language apply. Please keep us in mind for project specific (wrap or non-wrap) needs as well.
Submission Requirements:
- ACORD Application fully completed and signed.
- Vela’s Contractor Questionnaire, completed and signed A location listing with description of operations
- Prior carrier information including limits, deductibles and premium
- Gross receipts and subcontractor costs
- Loss experience for the past 5 years
How to access the CAHB General Liability Program:
Builder & Subcontractor Members – Please contact your agent and tell them you want to be part of the CAHB/Vela/RPS General Liability Program. If you don’t have an agent, you can contact the Colorado Home Builders Insurance Agency at 303-861-4172.
Agents – Please contact Ralph Robinson at RPS. Phone: 303.955.2943 / Email: Ralph_Robinson@RPSins.com
For general questions regarding the CAHB General Liability Program, please contact Amie Mayhew at the CAHB office. Phone: 303-691-2242 / Email: amie@hbacolorado.com
