Halcyon Underwriters offers a competitive Builders Risk Insurance program designed to serve both commercial and residential construction projects. As a full-service wholesale broker, Halcyon gives agents and brokers access to a broad range of carriers and flexible coverage options to meet the evolving needs of your construction clients. Whether you’re placing a ground-up build, remodel, or installation job, Halcyon’s marketplace is built to help you find the right fit.
Ideal Accounts and Appetite
This program is ideal for contractors, developers, and property owners involved in new construction, renovations, or major remodels across a wide range of project types. Eligible risks include most single-structure residential and commercial projects. Examples include:
- A general contractor building a new office complex in Texas.
- A developer remodeling a multi-family property in Florida.
- An electrician installing systems in a retail center in California.
Halcyon can accommodate both reporting and non-reporting forms, though most single-structure projects will qualify for non-reporting forms only.
Coverage Highlights and Optional Endorsements
Policies are written on a Special Form basis, offering comprehensive protection including off-premises coverage, transit, and theft of building materials. Optional coverages are available for commercial accounts and can be tailored to match your client's exposure:
- Soft Costs (Extra Expense) – Covers additional costs resulting from construction delays, including loan interest, taxes, legal and consulting fees, insurance premiums, and promotional expenses.
- Rental Income – Protects against the actual loss of net rental income sustained during a covered delay. Please specify desired coverage and values on the application.
- Contractor's Equipment – Special Form coverage for owned and newly acquired equipment, rental reimbursement, and debris removal.
- Installation Floater – Available for artisan subcontractors such as plumbers and electricians working on both commercial and residential projects.
- Computer/EDP – Includes coverage for data, media, extra expense, and in-transit exposures.
Underwriting Notes and Minimum Premiums
Minimum premium starts at $15,000. Submissions should include complete project details, scope of work, duration, and any optional coverages requested. Rental income and soft cost coverage must be clearly detailed on the application for quotation purposes.
Territories and Availability
This program is available in all 50 states plus Washington, DC. Halcyon Underwriters works with top-rated carriers including Ace, Allianz, Allied World, Alterra, Axis, Catlin, Chubb, CNA, Crum & Forster, Great American, Hartford, Lexington, Liberty Mutual, Markel, One Beacon, Travelers, and Zurich.
Why Work With Halcyon Underwriters
With access to a wide network of carriers and underwriting expertise across diverse classes of construction business, Halcyon Underwriters is a strong partner for agents and brokers. Their team provides responsive service, deep market knowledge, and the ability to tailor coverage to unique project needs.
For more details on appetite and submission requirements, visit their
CompleteMarkets profile or explore the program page at
Halcyon Builders Risk Insurance.
Contact us today to discuss your client's builders risk needs and learn how Halcyon Underwriters can support your placement efforts.