Program Details
Golden Insurance Company, RRG offers the following programs:
Primary Commercial General Liability (CGL)
Golden Insurance Company, RRG offers Primary Commercial General Liability insurance to its members with limits of $1mm or $2mm on a claims-made and reported basis. Defense costs are inside the limits.
The key exclusions to the policy include: Prior Acts, Terrorism, Designated Work, Earth Movement or Subsidence, and Fungi or Bacteria. Other exclusions are included in the policy form. Please contact Golden’s MGA or your broker representing Golden for details.
Golden Insurance will consider Practice policies, Owner’s Interest, Per Project, Scheduled Project, and Premises Liability only. Additionally, tail coverage is available for 1 or 2 years.
Minimum Premiums start at $3,500. General contractors are rated on gross annual receipts and artisan trades are rated either on payroll or revenues.
Significant rate incentives (typically 35%) will be given to builders & general contractors that enroll in the StrucSure Home Warranty program.
Deductibles can range from $1,000 to $100,000 depending on operations, premium size, and the needs of the insured. Additional credits may be offered for premium size and exceptional loss history.
A standard 5% Membership/Subscription Fee will be added to the premium for membership in the risk retention group.
Excess Liability
Excess Liability coverage is available over primary with at least $1mm limits. Excess coverage can be offered over any A-rated, B-rated, non-rated, or RRG program. Limits are available up to $2mm.
Excess premiums are at least 50% Minimum Earned at inception. Minimum premiums start at $2,000.
Excess coverage can be bound at anytime during the policy term but typically expire at the same time as the underlying.
A standard 5% Membership/Subscription Fee will be added to the premium for membership in the risk retention group.
Golden excess coverage is a claims-made policy form. Application for excess is available on the Forms Page.
Should you require an immediate quote please contact (888) 654-6565 or click here.
