Promax Underwriters
Insurance Solutions for Crane Rigging Service Providers
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We are a specialized construction underwriting group dedicated to the artisan contractor insurance sector
Heavy Iron Underwriters
Our experience in the Heavy Iron Operators segment gives us the ability to offer a comprehensive multi-line insurance program combined with innovative risk management solutions to protect your business. Redstone’s Heavy Iron Rapid Response Claims Model combined with our vendors’ partners experience in claim investigations, forensic engineering, and legal resources will deliver to you the services and expertise you expect if you experience a claim. Coverage is available in all states except AK, HI, and NY. In MA, only General Liability coverage is available.
Contractor Liability & Heavy Iron Multi-Line Insurance
Redstone Underwriters is a specialty underwriter focusing on niche markets within the construction industry. We have the knowledge and the underwriting expertise to customize coverage’s and provide solutions for contractors and crane and rigging service providers.
Our extensive experience with multi-line coverage for Heavy Iron Operators allows us to deliver broad, industry-specific coverages.
Carriers:
Admitted & Non-Admitted with A.M. Best ratings of A- VIII
Availability:
Coverage is available in all states except AK, HI, and NY. In MA only General Liability Coverage is available.
- Primary Commercial General Liability – $1M/$2M/$2M
- Occurrence Coverage with Manuscript forms
- Primary Auto – $1M Combined Single Limit
- Comprehensive and Collision Auto Physical Damage
- Follow Form Excess Liability – Up to $10M
- Crane Rental With or Without Operator – Download Here
- Crane Rental With or Without Operator
- Rigging
- Steel Erection
- Structural Movers
- Completed Supplemental Application
- Completed ACORD Forms
- Copy of Current Daily Work Ticket, Equipment Rental Agreement, and Safety Manuals
- 5 Years of loss runs valued within 90 days of the effective date
- Large Loss Descriptions – Claims Over $50K
- Equipment, Vehicle, and Driver Schedules in Excel or CSV Format
- Expiring & Target Premium
Contract Risk ManagementHeavy Iron
Redstone Heavy Iron Division delivers innovative contract risk management services to our Producers on behalf of each policyholder written under our program.
This proprietary contract risk management process is integrated in Redstone Underwriting and Claims Administration steps via our unique alignment with our Legal Team Partners.
The expressed purpose is to protect our policyholder interests in an effort to reduce their ultimate claim costs.
Our Brokers and Policyholders have direct access to our easy-to-use shared website platform for high-efficiency contract administration.
Rapid Response ClaimsHeavy Iron
Redstone Heavy Iron delivers proprietary claim handling methods via Applied Claims Group, our highly experienced TPA partner through our custom process design with select crane industry expert risk management resources.
Our unique claims process is designed to deliver optimal loss mitigation results for Redstone Heavy Iron policyholders.
The Rapid Response Claims Model includes Redstone quality control oversite for TPA timing with the engagement of various professional claims resources.
Immediate post-incident legal contract analysis & loss tender support.
Strategic assignment of pre-selected, local panel defense counsel to meet our rapid file closure objectives. Each of these professional risk management resources has over 20 years proven experience in reducing loss exposure for Heavy Iron related operations.
Risk Management ToolsHeavy Iron
Redstone Heavy Iron delivers proprietary claim handling methods via Applied Claims Group, our highly experienced TPA partner through our custom process design with select crane industry expert risk management resources.
Life Plan Assist Tool
Provides policyholders easy-to-use actionable intelligence for integration of ASME* P30 Standard – based requirementsinto their respective Company Safety & Quality Control Programs.
Fleet Safety Assist Tool
Provides policyholders easy-to-use actionable intelligence for integration of ATRI* ‘BASIC’ (Behavioral Analysis & Safety Improvement Category)recommendations into Company Safety Programs.
Safe Culture Assist Tool
Provides policyholders with additional actionable intelligence for the integration of NAS* – based research recommendations for assessing and enhancing Company Safety Culture protocols.
