Builders risk - commercial

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