NY Contractors Insurance Program

Gramercy’s NY Contractors Insurance Program has been carefully crafted to address the unique requirements and exposures of the New York construction market.

Our comprehensive property and casualty insurance program provides stable pricing, admitted coverage and value-added loss control, as well as risk management services that are tailored to meet the specific needs of our insureds.

NY Contractors Insurance Program
New York Contractors Insurance Program

Insight. Performance. Expertise. Reliability.

Gramercy’s executive team has more than 30 years of experience developing and managing complex property and casualty insurance programs that have produced industry-leading results.

Our strong track record, coupled with an in-depth knowledge of the construction market allows us to deliver a competitive and effective insurance program to NY contractors.

Our Focus

  • Electricians
  • Painters (interior)
  • Painters (exterior – less than 3 stories)
  • Carpenters
  • Plumbers
  • HVAC
  • Landscapers
  • Fencing
  • Insulation
  • Concrete (flat)
  • Masons
  • Tile and Marble Installation
  • Pavers

Our Insurance Program

We offer a full suite of property and casualty coverages written through a New York admitted “A-” Rated carrier along with value added services designed to serve our insureds.


  • General Liability ($1M/$2M and $2M/$4M limits offered)
  • Property (including Equipment Breakdown)
  • Commercial Auto
  • Umbrella (up to $5 million)
  • Inland Marine
  • Crime


  • Contract Review
  • Risk Transfer Assistance
  • Educational Seminars
  • Loss Control Recommendations
NY Contractors Insurance Program | Claims & Litigation

Claims and Litigation Management

With an in-depth and unique knowledge of the New York Labor Law, Gramercy and its partner law firm, Congdon, Flaherty, O’Callaghan (CFO), use a proactive and comprehensive approach to ensure timely and effective claims handling.

Loss Control

Gramercy delivers industry leading loss control and risk management services that aim to reduce risk and improve the business of our insured.

Available services include:

  • On-site loss control visits
  • Educational seminars and tool box discussions on “hot-button” issues
  • Contractual risk transfer assistance
Loss Control | NY Contractors Insurance Program
NY Contractors Insurance Program | Risk Transfer

Contractual Risk Transfer

One of the ways Gramercy addresses the unique exposures facing New York contractors is by focusing on the Contractual Risk Transfer process. In the context of specifically-drafted agreements for use by the insured, this risk management technique transfers the risk (exposure) of the contractor to the subcontractors with whom they do business.

Ensure Proper Transfer

Being a critical component of risk management, Gramercy will specifically focus on examining contract language, certificate review, and analysis of downstream party policy forms to ensure the risk has been properly transferred.

New York Labor Law

One of the particularly complicated and challenging aspects of effectively insuring contractors doing business in New York is managing claims with litigation that may be brought under New York’s Labor Law (Section 240).

This unique law mandates that property owners, general contractors, and their agents (upstream parties) are strictly liable (i.e. liable regardless of fault) for injuries sustained by workers of downstream parties in gravity-related accidents.

The Solution

Gramercy addresses this challenge with its in-depth and specific knowledge of the Labor Law and, in particular, defense and expense reduction strategies that are available but not currently being used by the insurance industry.

Should this type of litigation arise, Gramercy has access to a select panel of law firms who will aggressively defend the interest of our insureds. All attorneys involved have decades of experience handling high-exposure, construction-related cases.

NY Labor Law | Contractors Insurance Program
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Keys to Our Joint Success

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    Partnership Approach

    Gramercy focuses on taking a partnership approach with our brokers and insureds to strengthen their underlying businesses and ultimately improve their risk profile.

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    Innovation & Expertise

    We give our clients access to highly-skilled and innovative insurance professionals who have a unique expertise and a successful track record in the construction space.

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    Proactive & Responsive

    Gramercy underwriters, claims staff, and risk managers operate in a proactive, responsive, and attentive manner as they meet the ever-evolving needs of the New York construction market.

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    Competitive Rates & Forms

    In a traditionally challenging market, Gramercy offers competitive rates and forms to New York contractors while ensuring proper coverage and stable year-over-year pricing.

You Build. We Insure.