NewCon is an insurance program created in 2003 by contractors for contractors. Membership eligibility focuses on trade and artisan contractors having a strong commitment to workplace safety and loss control.
Target classes include acoustical ceiling, carpentry, drywall, electrical, flooring, furniture and fixture installation, HVAC, land graders, landscaping, masonry, plumbing, and painting contractors. Residential contractors are excluded. General contractors are acceptable as long as they self-perform more than 50% of their work.
- Established: 2003
- Territory: National
- Captive domicile: Grand Cayman
- Lines of business: Auto liability, general liability, workers' compensation
- Minimum premium: $250,000
NewCon has a record of superior performance attributable to a proactive membership, a dedicated captive claims team, and support from an issuing carrier that is considered the market leader for construction captives. Underwriting eligibility is selective in order to protect and maintain performance results.