Crump Launches Exclusive Liability Program for Subcontractor Risks

DENVER, Sept. 8 /PRNewswire/ -- Crump Insurance Services, part of Crump Group, the nation's largest insurance wholesaler introduces an exclusive general liability program for subcontractors, both residential and commercial, for a broad range of classes. This program, offered through an AM Best A-XI rated carrier under the ISO form CG0001 12-04, provides broad coverage and flexible terms and conditions. The program is available for risks in Arizona, Colorado, Florida, New Mexico, Nevada, Oregon, Texas, Utah, Washington, and Wyoming (approval is pending in California), and offers limits of $1,000,000/$2,000,000/$2,000,000 with a low minimum premium of $2,000. Highlights include: no tract or multi-family limitations, broad duty to defend, no punitive damages exclusion and is silent on subsidence; plus -- in most states -- defense outside limits and no "prior works" exclusion. "The troubled construction market has made it more difficult for subcontractors to find affordable liability protection while contending with reduced income. Crump has worked with our carrier partner to offer a comprehensive GL product with a broad appetite for residential and commercial subcontractors at rates that will allow them to keep their business protected through these tough market conditions," said Joe Benkelman, head of Crump Insurance Services' Denver location, who was instrumental in setting up the program.

Crump is the exclusive point of access for the program and works with retail agents and brokers to provide access to this coverage for their clients. Underwriting, rating and quoting are performed in-house, resulting in faster turnaround on submissions. Agents should contact their Crump broker or call 877.247.9772 for assistance.

About Crump Insurance Services

Crump Insurance Services, Inc. is part of Crump Group, the nation's largest insurance wholesaler. As the commercial insurance division of Crump Group, it is made up of legacy Crump wholesale brokerage locations across the U.S. and in Bermuda, and the former BISYS Commercial Insurance Services operations including Tri-City Brokerage and 5Star Specialty Programs (formerly known as BISYS Specialty Programs). Crump Insurance Services is a market leading independent wholesale distributor of commercial property and casualty (P&C) insurance, linking an extensive network of retail brokers and agents to products provided by over 150 leading P&C insurance carriers. Crump offers specialty underwriting capabilities and supports the wholesale placement of a wide range of specialized commercial insurance solutions, including customized coverage for complex P&C risks, commercial and habitational real estate risks, products liability, high-limit property, catastrophe, and professional and medical liability. Crump's experienced wholesale brokers serve as a single connection point for its retail brokers to access domestic and international insurance companies. Crump offers customized insurance products as well as sophisticated system capabilities. Acting as a program administrator for numerous P&C carriers, 5Star Specialty Programs develops and provides specialty underwriting for commercial insurance programs -- including transportation related risks, workers' compensation solutions, professional liability, and more -- matching insurance needs and market opportunities with the appropriate coverage. Additional information is available at www.CRUMPins.com and www.5StarSP.com .

About Crump Group, Inc.

Crump Group, Inc. ( www.Crump.com ) is the largest wholesale insurance distributor in the United States, and one of the leading U.S. providers of recordkeeping and support services to company-sponsored retirement plans. Its Commercial Insurance Services division ( www.crumpins.com ; www.5starSP.com ) is among the largest U.S. providers of wholesale brokerage and specialty programs to the commercial property and casualty insurance industry. Crump Life Insurance Services ( www.CrumpLifeInsurance.com ) is the largest wholesale distributor of services that support the sale of life related insurance and annuity products. Ascensus ( www.ascensus.com ) is the largest independent administrator for company-sponsored retirement plans, offering every component of retirement plan infrastructure.

SOURCE Crump Insurance Services, Inc.

CONTACT: Jana Rucker, Vice-President - Communications, Crump Insurance Services, +1-321-421-6711, [email protected]