Introduction: When it comes to insurance coverage, it is essential for policyholders to choose carriers that provide comprehensive and reliable protection. However, there are instances where certain insurance carriers have been known to deny claims for worker injuries or lack contractual coverage altogether. This article aims to shed light on carriers with questionable coverage as of June 2023. While this list is not exhaustive, it provides valuable information for individuals and businesses seeking insurance coverage with minimal exclusions.
Important Considerations:
- Claim Denials and Coverage Gaps: The carriers mentioned on this list have a history of denying claims related to worker injuries and may have additional coverage gaps. It is crucial to be aware of these issues as they can affect the effectiveness of your insurance policy.
- Unsuitability as General Contractors (GCs), Trade or Subcontractors: Contractors with these carriers should not be allowed on your job site.
- Providing Evidence of Proper Coverage: There are some instances one of the below carriers could provide proper coverage, if you think that is the case it would be good to have your policy reviewed. ( Marked with * )
List of Carriers:
- Acceptance Casualty Ins Co (IAT Insurance Group)
- Acceptance Indemnity Ins Co (IAT Insurance Group)
- ACE
- Maxum Specialty / Maxum Indemnity
- Am. European Ins Group (part of Rutgers)
- Arch*
- Attune
- Atlantic Casualty
- Burlington
- Biberk
- Century Surety / Century Ins.
- Colony Insurance (part of Argo Ins Group) *
- Coterie
- Crum & Forster
- Essex – Binding Authority
- Evanston (Alterra Excess & Surplus Ins Co) *
- Everest
- First Mercury / Cover X
- GBLI – Penn America
- GUARD Ins Companies (Berkshire Hathaway) – NorGUARD, AmGUARD, EastGUARD, WestGUARD
- Hiscox
- Hudson Insurance *
- Illinois Union Insurance Co “UCIC” (part of Chubb) *
- Kingstone Insurance Company
- Markel Corp *
- MUSIC (Mesa Underwriters Specialty Company) *
- Next Insurance
- Northfield / Northland (Travelers Ins Co) *
- Nova Casualty
- Peleus Insurance Co (part of Argo Ins Group) *
- Penn America
- Preferred Contractors Insurance Co. (PCIC)
- Prime Insurance Co
- Rutgers
- Scottsdale
- Sompo (Endurance) *
- Third Coast Ins Co ( PCIC )
- Tokio Marine
- Tudor (part of Western World)
- United Specialty Insurance *
- U.S. Underwriters Ins Co
- USLI
- Utica First
- Westchester – Chubb Company
- Western Heritage
- Western World
- Lloyds *
Conclusion: Being aware of carriers with questionable coverage is vital when seeking insurance protection. Understanding the limitations and potential risks associated with these carriers allows policyholders and project owners to make informed decisions and choose carriers that provide comprehensive coverage aligned with their specific needs. It is always recommended to review insurance policies thoroughly and consult with insurance professionals to ensure adequate protection for your business or personal assets. If you need help with a policy review or getting a policy with a carrier not on this list, please contact the team at GRBM.
