Overview of the Program From Allstar Financial Group
This program is designed to help agents place construction and development risks with flexible casualty and excess/umbrella options. Policies can be written on a project-specific basis or as broader packages where appropriate. The program supports both primary liability needs and excess limits to protect insureds from construction and premises exposure during development, lease-up and early operations.
Casualty Coverage Highlights
- Monoline or package options
- Minimum premium starting at $500
- Primary limits available up to $5,000,000 / $5,000,000
- Project-specific policies available
- Uninsured subcontractor coverage
- Optional coverage enhancements, including:
- Blanket additional insured
- Waiver of subrogation
- Primary, non-contributory wording
- Per project / per location aggregate
- Hired & non-owned auto (certain classes)
- Miscellaneous professional liability (certain classes)
Umbrella Coverage Highlights
- Limits available up to $5,000,000
- Minimum premium starting at $750
- Supported or unsupported placements
Underlying Requirements and Underwriting Standards
- AM Best A-VI or better for auto or general liability
- AM Best B++ or better for employers liability
- Typical underlying GL limits: $1,000,000 / $2,000,000 / $2,000,000
Ideal Accounts and Appetite
The program fits a broad range of real estate development risks, including:
- Contractors and general contractors
- Habitational developments (apartments, condos during construction and lease-up)
- Office, retail and mixed-use projects
- Vacant or phased occupancy projects
- Wholesale and institutional developers (subject to underwriting)
Agents should submit accounts with clear project details, GC/subcontractor relationships, and reasonable loss control measures. The program can accommodate many common construction classes, but higher hazard or heavily insured-loss accounts may require referral.
Coverage Advantages
- Flexible placement: monoline or packaged casualty options with project-specific policies when needed
- Enhanced endorsements available to satisfy owner/GC contract requirements (AI, waiver of subrogation, primary/non-contributory)
- Excess/umbrella capacity up to $5M with supported and unsupported structures
- Quick quoting and binding through a dedicated small-business solutions team
Underwriting Notes and Minimums
Minimum premiums noted in the program materials start at $500 for casualty and $750 for umbrella; actual minimums can vary by state, class and coverage structure. Project-specific placements are available—include scope, schedule, values and subcontractor controls with submissions to speed review.
Territories and Availability
This program is available in most of the southeastern U.S., including: AL, GA, LA, MS, NC, SC, TN and VA. Availability may vary by class and limit—please check with underwriting for territory-specific acceptances and any admitted vs. E&S placement requirements.
Why Work With Allstar Financial Group on Real Estate Development Business
- Underwriter access: program administered by a managing general underwriter with excess & surplus lines brokerage capability, providing flexibility where admitted markets are limited.
- Practical endorsements to meet contract needs and reduce coverage gaps during construction and early occupancy.
- Responsive small-business solutions team that helps generate quick indications and bind policies for typical apartment and condo developments.
- Project and location aggregate options that help manage complex multi-site exposures.
Example Accounts That Fit the Program
- A regional developer building a 150-unit apartment complex seeking primary GL with project-specific wording and a $2M primary limit, plus supported umbrella capacity.
- A general contractor on phased retail redevelopment needing blanket additional insured endorsements, Waiver of Subrogation and per project aggregate limits.
Frequently Asked Questions
What types of accounts are a good fit for this Real Estate Development program?
Accounts that commonly fit include apartment and condominium developments, mixed-use retail/office projects, general contractors and owners with manageable loss histories and clear subcontractor controls. The program handles project-specific placements and multi-location risks within the stated territories.
What are the minimum premiums and available limits?
Casualty minimums start around $500 and umbrella minimums start around $750, though actual minimums can vary by state and submission. Primary limits are available up to $5M/$5M and umbrella limits up to $5M.
Can the program provide contract language required by owners or lenders?
Yes. The program offers a range of optional endorsements—blanket additional insured, waiver of subrogation, primary/non-contributory wording and per project/per location aggregate—to help satisfy contract requirements where available.
Which states are supported and will you place on an admitted basis?
The program is available across most southeastern states, including AL, GA, LA, MS, NC, SC, TN and VA. Placement (admitted vs. surplus) depends on the class, limits and state regulations; underwriting will advise the appropriate market for each submission.
Need help placing an account? Connect with a market specialist.