Builders risk - commercial

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For commercial building projects up to $50 million, policies may be written with  policy terms. This program also offers business income coverage, waiver of coinsurance and other coverages. 

Appetite:

Commercial new construction, renovation or installation projects of any size and value. Examples of eligible commercial projects include but are not limited to the following:

  • Agricultural facilities
  • Cell towers
  • Educational and healthcare institutions
  • Hotels
  • Multi-story residential or office structures
  • Municipal buildings
  • Retail stores / grocery stores
  • Solar panels
  • Stadiums and arenas, large scale installations
  • Warehouses
  • Water and sewer pipelines (no oil or gas lines)
  • Water treatment plants

Ineligible risks:

  • Registered historical structures
  • Tunnels
  • Dams
  • Structures built over water

Geography: 

  • Nationwide

Submission requirements:

  • No premium commitment required
  • Register online for instant access
  • Complete online application or submit paper application to underwriting team

Other requirements:

  • Builders are required to have at least three years of general contracting experience.

Coverages offered:

Coverage options include but are not limited to:

  • Earth movement
  • Flood
  • Ordinance and law
  • Soft costs
  • Business income and extra expense
  • Waiver of coinsurance
  • Testing of building systems
  • Other coverages for commercial structures

Coverage limits:

  • Projects up to $75 million are eligible, subject to underwriting approval.

Admitted or non-admitted paper:

  • Admitted in all states

Policy types:

Policy options include single structure, reporting form or blanket (deposit premium) with flexible terms and extensions when required

Additional program highlights:

  • Quick reliable turnaround (1 - 3 days), including rush and quote indications
  • Direct access to a dedicated team of 50+ specialists
  • Premium payment installment options available on most policies
  • Ability to write in all protection classes
  • Ability to increase additional coverage limits
  • Pro-rata cancellations
  • No co-insurance