C.W. Woods Contracting Services, Inc.
Insurance Proposal
Effective: 4/1/15 to 4/1/16 – General Liability
4/7/15 to 4/7/16 – Excess
4/7/15 to 4/7/16 - Auto
Insurance Coverage Offered:
General Liability
Excess Liability
Business Autombile
Truitt Insurance & Bonding, Inc
Telephone: 205-254-3005
March 19, 2015
Other Named Insureds
None Listed
Commercial General Liability
Insurance Company : The Cincinnati Specialty Underwriters Insurance Company
(Approved/Non-Admitted)
A.M. Best Rating: A VIII
Term: 12 Months
Location: 2317 2nd Avenue South, Birmingham, Alabama 35233
Limits: $ 1,000,000 Per Occurrence
$ 2,000,000 General Aggregate other than Completed Operations
$ 2,000,000 Products & Completed Operations General Aggregate
$ 1,000,000 Personal & Advertising Injury
$ 100,000 Damage to Premises Rented to you
$ 1,000 Medical expense
Deductible: $ 1,000 Bodily Injury and or Property Damage Liability
Deposit Premium: $ 4,487 – Deposit Premium – based on exposure presented below.
$ 306.32 Alabama Surplus Lines taxes/ Terrorism/Broker Fee
$ 4,793.32 Total Deposit w/taxes – based on exposure presented below.
PREMIUM IS 100 % MINIMUM AND FULLY EARNED AT INCEPTION, AND MUST BE PRE-PAID FOR COVERAGE TO BE PUT INTO FORCE.
The Deposit Premium shown above is a deposit premium only and while fully earned is only a minimum deposit premium. The actual full 12 month premium will be determined by insurance company audit after the 12 months conclude, and will be developed based on the actual exposure from your operations.
Exposure Basis: 91580 -Contractors Exec. Supervisors -$ 30,000 Payroll
Per 1,000 rate – 53.180
41620 Construction or Project Mgrs. - $ 175,000 Gross Sales
Per 1,000 rate – 10.738
91342 Carpentry - $ If Any - Payroll
Per 1,000 rate – 51.287
91585 Subcontracted Work. - $ If Any - Subcontracted Costs
Per 1,000 rate – 3.322
92338 Dry Wall or Wall Board Installation $ If any – Payroll
Per 1,000 rate – 21.887
97047 Landscape Gardening - $If Any - Payroll
Per 1,000 rate – 18.604
91560 Concrete Construction - $ If Any - Payroll
Per 1,000 rate – 61.729
92478 Electrical Work Within Bldgs - $ If Any - Payroll
Per 1,000 rate – 19.038
94007 Excavation - $ If Any - Payroll
Per 1,000 rate – 84.281
95410 Grading of Land - If Any - Payroll
Per 1,000 rate – 41.087
95648 Heating or Combined HVAC - $ If Any - Payroll
Per 1,000 rate - 54.675
98305 Painting $ If Any - Payroll
Per 1,000 rate – 23.759
98482 Plumbing Comm and Ind. - $ If Any - Payroll
Per 1,000 rate - 66.845
98677 Roofing Comm. Or Residential - $ If Any - Payroll
Per 1,000 rate – 160.153
91629 Debris Removal Const. Site - $ If Any - Payroll
Per 1,000 rate – 28.649
The above classifications /rates will be used at audit, although the carrier is not limited by these classifications… if other exposure is determined at audit, the insurer will classifiy accordingly, and charge their rate based on the exposure developed. .
Terms Include: Blanket Additional Insured
Blanket Waiver of Subrogation
Exclusions Include: Recording/Distribution of Information in violation of law
Employment Related Practices
Total Pollution
Exterior Insulation and Finish Systems
Nuclear Liability
Silica or Silica Dust Exclusion
Fungi or Bacteria
Professional Liability
Manganese
Roof Limitation Endorsement
Amendment of Liquor Liability Exclusion
Assault or Battery
Sulfuric Gas
Tainted Drywall
Bodily Injury to Contractors or Subcontractors Employees
Construction Management E & O.
Land Subsidence
Communicable Disease, Contagious Disease or Infectious Disease
Intellectual Property
Chromated Copper Arsenate Products
Paint Overspray
Rip and Tear
Formaldehyde
Microorganisms Biological Organisms Bioaerosols, or Organic Contaminants
Independent Contractors Limitation
Business Automobile
Insurance Company : Cincinnati Insurance Company
Term: 4/7/2015 to 4/7/2016
Limits: $ 1,000,000 Combined Single Limit of Liability
$ 100,000 Uninsured Motorists
$ 5,000 Medical Payments
$ 1,000,000 Hired and Non-Owned Auto Liability
$ 5,000 Medical Payments per Schedule
Endorsements: Blanket Additional Insured
Blanket Waiver of Subrogation
Physical Damage: Comprehensive – Per Schedule
Collision – Per Schedule
Premium: $ 3,009 – Annual Premium
Subject to favorable MVR’s, and no youthful operators
Schedule of Autos:
1. 2008 Chevy Tahoe VIN-9311 Comp Ded-$500/Coll Ded-$500 w/Med Pay
2. 2006 Lexus LS430 VIN-.3195 Comp Ded-$500/Coll Ded-$500 w/Med Pay
Commercial Umbrella
Insurance Company : Cincinnati Specialty Underwriters
Term: 4/7/2015 to 4/7/2016
Limits: $2,000,000 Policy Aggregate Limit
Underlying: General Liability - $ 1 Mill-Occ/ $ 2 mill Agg
Automobile Liability - $ 1 Mill
Employers Liability – 1Mill/1Mill/1Mill
Terms/Conditions: Standard – Including Blanket Additonal Insured and Waiver of Subrogation
Exclusions Include: Terrorism
Profesional
Asbestos
Aircraft
Watercraft
Construction Management E&O
Lead
Liquor
Total Pollution
Fungus/Mold
Nuclear Energy Liability
Premium: $ 3,227.70 – Minimum Earned 100%.
Premium Summary
General Liability $ 4,793.32 - 12 month term.
Business Automobile $ 3,009 - 12 month term.
Excess Liability $ 3,227.70 - 12 month term.
Premium is Due at Inception.