Builders & Tradesmen’s Insurance Services, Inc. (BTIS), an insurance broker specializing in end-to-end insurance solutions for small businesses, is pleased to announce the launch of VETA, an exclusive General Liability insurance coverage option designed to meet the specialized needs of construction remodelers and artisan contractors.
More than 35 classes in construction trades are available
VETA is presently available in California, with plans for a statewide release later this year. More than 35 classes in construction trades are available, including two distinct remodeling classes, Interior and Interior & Exterior, in order to give a personalized approach to the various renovation risks.
This product is distinguished by a number of features, including bundled class codes and easy-add tool packages. A non-admitted carrier rated “A-IX” provides coverage.
With more than 35 class codes and new construction authorized on all classes
“BTIS is happy to be the only supplier of the innovative VETA insurance product,” BTIS Co-President Paul Holbein declared. “With more than 35 class codes and new construction authorized on all classes, including framers, we make it easier than ever for agents to obtain the appropriate contractors coverage for the work.
We look forward to extending the availability of this unmatched solution in order to provide protection to a wide variety of contractor organizations.”
The United States spent $418 billion on remodeling in the third quarter of 2022, continuing an upward trend of spending that began in 2015. As the need for insurance coverage on these projects develops, it is essential to handle the particular liability problems of this sector.
Philip Massaro, Vice President of Underwriting at BTIS, stated, “BTIS is well regarded in the market for providing exceptional insurance products, and the inclusion of VETA adds even more diversity to our broad portfolio.” “By delivering a unique coverage solution with a laser focus on remodelers, we intend to provide a product that effectively and efficiently fits the industry’s present needs.”