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Insurance Panel Chairman Proposes pilot Liability Program for small Contractors

Tuesday, April 7, 2015 | 0

The chairman of the New York Assembly Insurance Committee is proposing an unusual new program to provide general and excess liability insurance for small construction companies as a cushion against rising premiums blamed on the state's 130-year-old scaffold law. On March 26, Assemblyman Kevin Cahill, D-Kingston, filed Assembly 6531 to create the New York Small Contractor Safety Group. The bill would launch a five-year pilot project and a state fund to provide general and excess liability insurance to construction companies that either qualify as minority women-owned businesses or...

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