Nevada contractor insurance grows in New Mexico
Nevada Contractors expanded its insurance business to offer Workers’ Compensation to the contractor in New Mexico. The company, Nevada’s 2nd largest insurer for employees of the benefits of health insurance, acted as a group in 1995 and has increased the largest group of its kind in the country.
During 2000, the group self-insured has merged with the formation of a new Nevada captive insurance company, Nevada Contractors Insurance Company, Inc., an insured. The move freed the insured themselves members of the joint and several liability. By law, a member of a group of self-insured for liability claims by the group. If a group of failure, survivors, members can be assessed additional funds to pay for future rights.
Nevada Contractors Insurance Company, Inc. Nevada was the first in captivity. A prisoner is held by an undertaking from those of their policyholders. The development of another state is a big step for starting a business and operated by a group of partners.
“We chose New Mexico as the first country outside of Nevada to offer, because the coverage area is very similar, Nevada,’’said Pat Gallagher, Gallagher, owner of the installer and president of the Nevada Contractors insurance. “They have the same type of construction we do here, and most buildings in two broad areas.”
Gallagher said the company hopes that overlap with success, she appreciates Nevada. Over the past two years, Nevada Contractors Insurance has more than 200 policyholders, and began the general liability coverage in addition to Workers’ Compensation.
The report of New Mexico is offered by Builders Insurance Company, Inc., a national insurer Nevada completely in possession of Nevada Contractors Insurance Company, Inc., and Benchmark, an A + insurer licensed in 50 states.
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