Tuesday, August 24, 2010

SCHBSIF Can Now Write for Non-Residential Accounts!

The South Carolina Home Builders Self Insurers Fund (SCHBSIF) announced this week that it has begun writing Workers’ Compensation policies for non-residential accounts.

SCHBSIF is an exclusive member benefit of the Home Builders Association of South Carolina. Members of the HBA of Greenville are eligible to purchase Workers' Compensation Insurance from SCHBSIF. The SIF was organized in 1995 and its mission is to provide stable, affordable Workers' Compensation Insurance to members of the Home Builders Association.

Policies now being written include commercial general contractors and subcontractors who are engaged in new construction, upfitting, or renovations of non-residential projects. SCHBSIF is now able to provide coverage to entities whose exposures are 100% commercial and who perform on-site work at heights of 3 stories or less. Risks that fall outside this scope may be considered on an individual basis.

SCHBSIF also will consider businesses that provide services such as electrical or mechanical maintenance to industrial concerns like manufacturing facilities and governmental entities.

Membership in the Home Builders Association of South Carolina continues to be a requirement for participation in the SCHBSIF.

For questions regarding these new opportunities please contact Brandy Shealy, SCHBSIF Underwriting Manager, at bshealy@schbsif.com or 800-678-8178.

In addition, SCHBSIF has announced that it will be converting to a mutual insurance company in 2011. "Our target for conversion to mutual is July 1, 2011," said Andrew Woodham, SCHBSIF Marketing Director. "Conversion to mutual will create further opportunities for insurance products for HBA members."

For a list of insurance professionals who will help you purchase Workers' Compensation Insurance from SCHBSIF, click here.

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