Builders Risk - Commercial
For commercial building projects up to $75 million, policies may be written with policy terms. This program also offers Business Income, Waiver of Coinsurance and other coverages.
Business owners: Contact your insurance agent or broker
Insurance agents
Call a specialist now 847-762-7178
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
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
Geography
- Nationwide
- No premium commitment is required.
- Register online for instant access.
- Complete online application or submit paper application to Underwriting team.
- Projects up to $75 million are eligible, subject to underwriting approval.
- 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
- Admitted in all states
- Policy options include single structure, reporting form or blanket (deposit premium) with flexible terms and extensions when required.
- Builders are required to have at least three years of general contracting experience.