Overview of the AU Gold Program from BindDesk
BindDesk’s AU Gold program offers insurance agents and brokers a flexible commercial package market for both standard and non-standard risks. Designed to accommodate a wide range of property and liability exposures, this program is ideal for hard-to-place accounts, new ventures, and unique property classes. Available in California and Texas, AU Gold is a strong solution for a variety of commercial clients, including new businesses and those with risk characteristics that fall outside the standard market appetite.
Ideal Accounts and Appetite
The AU Gold program targets a diverse mix of commercial property types and tenant-based operations. Whether you're working with seasoned business owners or first-time entrepreneurs, this program can help you place:
- New restaurants, including those with up to 40% liquor sales
- Lessor’s risks, including office and retail properties
- House flippers and real estate investors
- Vacant properties and vacant land
- Markets and mercantile businesses (excluding tobacco theft exposure)
- Assorted small to mid-sized businesses and startups
You might have a client starting a fast-casual restaurant in Texas or a property investor purchasing a vacant commercial building in California. These are the types of accounts that align well with AU Gold’s underwriting appetite.
Coverage Highlights and Advantages
The AU Gold program offers a broad set of package options to meet the needs of various commercial entities. Coverage options include:
- Builders Risk (Renovation Only) – Ideal for clients renovating existing structures
- Course of Construction (Ground-Up Only) – For new builds from the ground up
- Dwelling Coverage – Suitable for rental or investment properties
- Lessor’s Risk Package – For owners leasing space to office or retail tenants
- Office & Retail/Mercantile Tenant Package – Covers tenants operating within leased spaces
- Vacant Property & Vacant Land – Offers protection for temporarily unoccupied premises
- Special Events – Short-term coverage options for event-based exposures
This flexibility allows you to meet your clients where they are in their business lifecycle—whether they’re opening, renovating, holding, or flipping properties.
Underwriting Notes and Minimum Premiums
This is a non-admitted program, giving BindDesk greater flexibility in underwriting and customizing coverage for challenging or niche risks. While minimum premium details are not listed, submissions are welcomed for both small and mid-sized accounts. New ventures and lightly seasoned risks are encouraged.
Territories and Availability
The AU Gold program is currently available in the following states:
- California (CA)
- Texas (TX)
- Florida (FL) – Certain risks may be considered
Agents should contact BindDesk directly for clarification on specific eligibility in these territories.
Why Work With BindDesk
As a wholesale broker, BindDesk brings deep expertise in placing both standard and hard-to-place commercial risks. With responsive service and flexible underwriting, BindDesk is an excellent partner for agents looking to grow their commercial book. The AU Gold program reflects this strength—offering access to a broad range of property and liability solutions not typically available through admitted markets.
If you have a client with a unique or challenging risk, or a new business that doesn’t fit in standard programs, BindDesk can help you find a viable solution through AU Gold.
Frequently Asked Questions
What types of accounts are a good fit for the AU Gold program?
The program is ideal for new ventures, restaurants (up to 40% liquor sales), lessor’s risks, house flippers, vacant properties, and various mercantile businesses.
Is the AU Gold program available for new businesses with no prior insurance?
Yes, new businesses are welcome. The program is designed to accommodate startups and first-time business owners.
Can I place risks in Florida through this program?
Yes, Florida is listed as an available state. However, some risk types may be subject to additional underwriting review.
Does the program offer coverage for ground-up construction?
Yes, Course of Construction (COC) coverage is available for ground-up builds, in addition to Builders Risk for renovation projects.
Is this an admitted program?
No, the AU Gold program is non-admitted, which allows for more flexible underwriting and coverage options for non-standard risks.
Need help placing an account? Connect with a market specialist.