Alaska Builders Insurance Program is an Alaska-owned general liability insurance program for licensed contractors. ABIP is available exclusively to members of an Alaska State Home Building Association. Only Alaska companies are provided coverage under this program. ABIP is underwritten an A-rated admitted (approved for business in Alaska) insurance carrier.
Your rates should drop with ABIP. Alaskans pay more with nationwide liability insurance carriers because Alaskans have a much lower claim ratio. Over the last 15 years, Alaska contractors have had a less than 3% claim rate, while other states have as high as a 75% claim rate. With ABIP, rates should drop as the program’s premiums and losses are established.
The program also allows policyholders and members to participate and have access an exclusive contractual risk management program allowing additional premium discounts.
Support Your Industry
ABIP is owned by your local Alaska State Home Building Association. Revenue from ABIP helps your local HBA’s mission of supporting the building industry. The program can also help your fellow contractors and your bottom line. When Alaska contractors have the same provider it eliminates the question over which insurance company is liable, which reduces fighting, a main driver of insurance rates.
Get personalized help from an agent with more than 20 years of experience in the Alaska market. After working with Alaska HBA members for years, Eric Parthemer understands Alaskan’s unique needs
It was Eric’s professional background in Alaska and unique vision that brought ABIP to life. In 2004, Eric helped develop the Professional Builders Insurance, which saved Alaska companies thousands of dollars.
If you have any questions Eric will happily walk you through everything you need to know, 1-800-347-8774 or Eric@akbcic.com.
If you’re a fan of your current agent/carrier, ABIP doesn’t have to replace them. Keep your current agent and carrier for all other types other types of insurance like auto and worker’s compensation.
Your Neighbors are Seeing Savings
“Eric was the only broker willing to work with us to create ABIP. I’m loyal to Alaska companies but ABIP wouldn’t exist without a broker with the vision and knowledge to help us create this captive. I saved thousands with Eric when he was involved in the Professional Builders Insurance in 2004. When my insurance went from $50,000 a year to $250,000 a year, Eric brought it back down.”
“As a remodeler, good insurance is essential to my business. By switching to ABIP I have saved 40%, this pays for my Northern Southeast Alaska Building Industry Association membership and so much more.”
“For about 25 years I have been building quality homes in the Mat-Su Valley, and for 15 of those years I have worked with Eric and am so happy to now have an insurance option that not only saves my company money, but also generates revenue for my local home builders association.”
“My old insurance was nothing but headaches and excess expenses, they made me pay for several audits and when I needed their help it was impossible to get answers. Since switching to ABIP I have saved 35% on my annual premiums and have had great access and customer service.”