Description: Construction | Alaska Builders Insurance Program
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Who Qualifies
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.