Contractual Indemnity Liability Policy:

ACBG issues a Contractual Indemnity Liability Insurance Policy that indemnifies the contractor from the portion of their liability that is in excess of a pre-defined, unit-specific deductible, typically $100,000.

ACBG also issues a Contractual Indemnity Liability Insurance Policy that indemnifies the contractor from the portion of their liability that is in excess of an actuarially predetermined aggregate level.

The contractor pays all of their claims liability through their VEBA Trust, and the contractor is reimbursed if and when the attachment points are exceeded.

Policy Term:

During a contractor Member’s first year with ACBG, they are issued a 12/12 Contract, which covers the unit-specific liability that has been incurred and paid within the first 12-month policy period.

Thereafter, the contractor Member is issued a Paid Contract, which covers the unit-specific liability paid in the current policy year, and incurred within the current policy year or, within 12 months prior to the current policy year. 

Contractors are also issued an Aggregate Liability Policy that limits the total liability paid by a contractor within the current policy period.