Underwriting Process
The Trowel Trades Industry Insurance Company ("Trowel Trades") is a participant-owned mutual captive insurance program providing workers' compensation coverage to qualified masonry-trowel trades contractors. The International Union of Bricklayers and Allied Craftworkers ("BAC") formed Trowel Trades so that BAC signatory contractors can have a means of benefiting from the training and safe work practices of their Union employees.
ULLICO Casualty Group Inc. ("ULLICO Casualty Group") is the Program Manager for Trowel Trades, and will review each submission for Trowel Trades and will determine each applicant's qualifications, ensuring that all participants meet the program's risk management criteria.
In order for all parties' requirements to be met, ULLICO Casualty Group will perform the following underwriting process:
- Review a Complete Submission
- Review a Supplemental Application
- Sign the Captive Membership Agreement
- Bind Coverage
Submission
A complete submission includes the following items, sent to ULLICO Casualty Group within thirty days of the policy effective date:
- Fully completed Accord 130 Workers' Compensation Application
- Currently Valued Loss Runs - current year and prior (2) years (5 years if available)
- Experience Modification Worksheet (if available)
- Detailed description of any claim with an incurred amount of $20,000 or higher
- Application should include full detailed description of all operations performed by the applicant
- Loss Control Report (if available)
- Payroll Information - total payroll by policy year for current and prior (2) years (5 years if available)
- Premium Information - total premium for current and prior (2) years (5 years if available)
- Supplemental Application
- Inspection Report (if available)
Supplemental Application
See our Supplemental Application page.The Captive Membership Agreement
Download the Membership Agreement form.Binding Coverage
ULLICO Casualty will bind coverage after the following are received:
- Premium Deposit
- Supplemental Application
- Signed Membership Agreement
- Required Surplus
- Inspection report (if available)
Contact Information
Submissions should be sent to:
Marty Gelhaus
AVP Underwriting
ULLICO Casualty Company
1625 Eye Street
Washington, DC 20006
202.682.4954
ULLICOCommSub@ullico.com
Please be sure to indicate that it is a Trowel Trades submission.