Builders Risk

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Key featuresOur appetite

Tailored policies for hard-to-place business

Builders risk insurance is a type of property insurance offering coverage for in-progress construction projects. As well as buildings and structures on site, it can also cover materials and additional expenses.

As your partner in the builders risk market, we’re your one-stop shop for getting the tailored coverage you need. Our team of experienced and technical underwriters provides coverage for hard-to-place wood frame, energy, civil infrastructure, renovation and natural catastrophe named
peril policies.

Our builders risk team prides itself on providing individual broker account feedback on our underwriting appetite and deployable capacity within 24-48 hours. We expertly provide both lead and follow quotes with $50m of wood frame and non-combustible capacity.

$50m

in wood frame and mass timber capacity

Energy and civil

technical risk expertise

Mid-term

project capacity

Key features

Capacity deployment

  • $50m up to 50% per project capacity for wood frame and mass timber projects 
  • Abilities to lead and follow approved markets and deploy more than the lead market 
  • Underwriting expertise for engineered risks specializing in small to midsize projects with abilities to write 100% as well as quota share 
  • $20m stand-alone named peril earthquake or earth movement capacity 
  • Ability to write mid-term wood frame and non-combustible construction projects 
  • $25,000 minimum premium 
  • 36 month term 
  • In-house claims handled by Catalytic Claims Services 

Distribution

  • Distribution is limited to wholesale brokers, written on a non-admitted basis for wood frame construction and renovation projects by specific appointment approved by DUAL
  • Energy, civil and mass timer projects can be distributed to limited retail agents by specific appointment approved by DUAL
View of roof of a house being built from the inside

Target classes

We work with commercial contractors and property owners carrying out a wide range of construction projects.

Commercial wood frame construction $20m and larger

Mass timber and cross laminated timber (CLT) construction

Horizontal structural renovations

Warehouses

Civil infrastructure - bridges and roads

Natural gas, power generation and energy projects

Renewable energy

Manufacturing and major equipment installations

High value homes $5m and larger

Master builders risk programs

Excluded classes

  • Wood frame multi-family housing projects under $20m of total contract value
  • Renovation projects under $10m in total values
  • No home developments or annualized home builder programs
  • Coverage for wood frame existing structures of renovations
  • Coverage for non-combustible existing structures if values exceed 50% of the total project hard costs
  • No high wildfire exposures above predetermined risk meter scores
  • No extreme convective wind exposures above predetermined risk meter scores
  • No high crime property areas  above predetermined risk meter scores
  • Wind farms
  • Modular construction
  • Vertical structural renovations and major seismic upgrades
  • Piers, dams, docks, marinas and wharves
  • Named windstorm coverage on barrier islands
  • LEG 3 - improvements and betterment coverage from defects

Document downloads

For more information about our builders risk program, please download our appetite sheet below and contact a member of our team.

Product resources

Contact the expert

Photo of Kaycie Cook

Kaycie Cook

President, Builders Risk