Contractors Program

LRMP has brought together the Contractors Self-Insurance Trust Fund and Several Insurance Carriers to construct a program specifically for New York State contractors and their suppliers.

The Contractors Trust is a self-insured workers' compensation plan for New York State employers. The Trust is comprised of a select group of companies who have demonstrated a commitment to safety and loss control. Trust members pay rates much lower than the rates published by the New York State Workers' Compensation rating organization.

The Trust's main objective is to offer Workers' Compensation Coverage at the lowest possible cost to its members.

Benefits of the Contractors Self-Insurance Trust Fund

• Low Rates - The Trust rates are much lower than the N.Y.S. manual rates and assessment charges.
• Independence - You are freed from the N.Y.S. Workers' Compensation Rating system (rates are set by the group).
• Customized Safety and Loss Control Services - Extensive loss control services are provided by the Trust's Safety Director to each member to reduce accidents and minimize losses.
• Safety Dividend Program - Dividends up to 20% paid back to members based on loss experience.

LRMP has negotiated with Several Insurance Carriers to provide Property and Liability Coverages at preferred rates.

Coverage includes:

• General Liability
• Property
• Business Automobile
• Umbrella Liability

 

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