Builder's Risk Insurance

Builder's Risk Insurance
Buildings are subject to many different risks while under construction. They may catch fire, be damaged by high winds, or fall victim to other force majeure. A principle of common law is that any new construction or other improvement to land becomes property of the owner of the land - the title holder - once there has been an "improvement" to the owner's site. Builder's risk insurance indemnifies against some of these losses. Allstar Underwriters Small Business Solutions Division as made it quick and easy to cover your clients Builder's Risk needs. Contact one of our underwriters today for more information.

Property Coverage Highlights

TIV up to $5mil (per location)
Monoline or Packages
No coinsurance options available (may vary by risk type)
Optional Coverage enhancements available
Equipment breakdown

Risk types: Contractors, Habitational, Offices, Vacancies, Retail, Wholesale, Institutional

Casualty Coverage Highlights

Monoline or package
Min. Premiums starting at $500
Primary Limits up to $5mil/$5mil
Project specific policies available
Uninsured subcontractors
Optional coverage enhancements

           - Blanket additional insured
           - Waiver of Subrogation
           - Primary non- Contributionary
           - Per project/ per location aggegate
           - Hired & Non Owned (certain classes)
           - Misc. professional (certain classes)

Risk types: Contractors, Habitational, Offices, Vacancies, Retail, Wholesale, Institutional

Umbrella Coverage Highlights

Limits available up to $5 mil
Min. premium starting at $750
Supported or Unsupported

Underlying requirements

    AM Best rating A-VI or better for auto or general liability
    AM Best rating B++ or better for Employers Liability
    GL limits $1mil/$2mil/$2mil

U.S. States Available

U.S. States Available:

Provider Type:

Managing General Underwriter and Excess & Surplus Lines Broker

Admitted:

Most Available States

Carriers:

Carrier Ratings:

-

Commission:

-

Min Premium:

-

Coverages:

Builders Risk Insurance Builders Risk or Course of Construction (COC) Insurance Builders Risk Personal Insurance Marine Professional Liability and Errors and Omissions Insurance

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Allstar Financial Group has other insurance programs like Apartment/Condo Insurance.

Allstar Financial Group

Allstar Financial Group

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Builder's Risk Insurance

U.S. States Available