Capabilities - Tompkins Builders, Inc.

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Insurance Program

Tompkins Builders, Inc. offers a comprehensive insurance policy for projects at up to $250 million. See below for detailed information on the Contractor Controlled Insurance Program (CCIP). Insurance should cover all aspects of a project, including subcontract work.

Tompkins Contractor Controlled Insurance Program (CCIP) for projects over $25 million

	Tompkins CCIP
Owner Administrative Cost	Not Required
Broker Fee’s	Included
Fee for Umbrella	Included
Premium Taxes	Included
Claims Handling Expenses	Included
Workers Comp. Assessment Charges	Included
Cost to Post Collateral	Not Required
Safety / Return to Work Program Costs	Included
Total Limits Included	up to $200 million
Deductible Amount per Occurrence	None
Limits Project Specific	Yes
Completed Ops. Coverage to State Statute	Yes¹
Coverage & Rates Guaranteed for Life of Project	Yes
MOLD COVERAGE Included for Tompkins/Owner	Yes
Terrorism Coverage Included	Yes

1. Typical CCIP has a 3-year tail. The balance through statute of repose will be covered by Tompkins and their subcontractors individually.

Advantages of this Program:

CCIP covers all work performed at a jobsite
Administered by Aon Risk Services, underwritten by Liberty Mutual Insurance Company
All subcontractors covered means no gaps in insurance
Allows use of small and minority owned firms who may not otherwise possess adequate insurance

Tompkins Contractor Controlled Insurance Program (CCIP) for projects under $25 million

	Tompkins CCIP
Total Limits Included	up to $200 million
Completed Ops. Coverage to State Statute	Yes¹
Coverage & Rates Guaranteed for Life of Project	Yes
MOLD COVERAGE Included for Tompkins/Owner	Yes
Terrorism Coverage Included	Yes

1. Typical CCIP has a 3-year tail. The balance through statute of repose will be covered by Tompkins and their subcontractors individually.

Advantages of this Program:

CCIP covers all work performed at a jobsite
Administered by Aon Risk Services, underwritten by Liberty Mutual Insurance Company
Provides workman compensation, general and excess liability insurance

Subguard Insurance: Subcontractor Default Insurance
This program offers reduced cost to bonding, typically 20-40% savings. Extended warranties are available and can be purchased for inclusion. Tompkins Builders and the Zurich Group assume all financial and administrative responsibilities. Tompkins can immediately address the default and maintain the project schedule. Subguard Insurance covers the following costs:

Completing subcontractors contractual obligations
Correcting defective or non-conforming work or materials
Legal and professional costs associated with finding remedies to the default
Costs charges, and expenses incurred in the investigation, adjustment, litigation, and resolution of a default
Indirect costs such as acceleration or extended overhead
Bid protection

About the Zurich Group

Third largest insurance company inside the United States
Rated A (excellent) from A.M. Best Company (Zurich Group)
AA+ (excellent) from Standard and Poor’s for claims paying ability
Aa1 (excellent) from Moody’s Investor Service (Zurich Group)

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