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ProSight Specialty Insurance
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ProSight Specialty Insurance
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General Contractor Project Specific

General Contractors Project Specific Insurance
 
ProSight Specialty Insurance offers a tailored General Contractor Project Specific Insurance program designed to meet the unique needs of owner/developers and general contractors. Whether you're placing a single project or looking for broader practice coverage, this program is built to accommodate a variety of construction risks with flexible policy structures and extended protection options.
 

Ideal Accounts and Appetite

This program is ideal for general contractors and owner/developers involved in residential, commercial, or mixed-use construction projects. It caters to both project-specific and practice-based needs. Suitable accounts include:
  • General contractors managing large-scale residential or commercial builds
  • Owner/developers seeking coverage for specific projects lasting 24 to 48 months
  • Contractors with low direct payroll (25% or less) and heavy reliance on subcontractors (75% or more of gross receipts)
You might have a client who is developing a 36-month apartment complex in New York and needs dedicated coverage for the duration of the project. This program can provide tailored protection with extended completed operations coverage.
 

Coverage Highlights and Advantages

  • Project Specific policies available for 24 to 48 months
  • Practice policy options for qualifying contractors
  • Extended completed operations coverage available up to 6 years
  • No height limitations, offering flexibility for vertical construction
  • Limits up to $2 million per occurrence / $4 million general aggregate / $4 million products and completed operations
 

Underwriting Notes

Underwriting prioritizes project structure, duration, subcontractor usage, and safety history. Accounts with a solid track record and well-managed subcontractor relationships are particularly attractive. The program can accommodate both admitted and non-admitted placements, depending on the risk profile.
 

Territories and Availability

Currently available in New York, this program supports agents and brokers working with contractors operating across a wide variety of project types within the state.
 

Why Work With ProSight Specialty Insurance

ProSight Specialty Insurance understands the complexities of construction risk and offers specialized solutions tailored to general contractors and developers. With flexible terms, extended completed operations coverage, and no height restrictions, this program is built for the demands of today’s construction environment. Whether you're placing a one-off project or need a longer-term practice solution, ProSight can help you deliver value to your clients.

Frequently Asked Questions

What types of accounts are a good fit for this program?

This program is a strong fit for general contractors and owner/developers handling residential, commercial, or mixed-use construction projects—especially those that span 24 to 48 months or rely heavily on subcontractors.

Is extended completed operations coverage available?

Yes, the program offers extended completed operations coverage for up to 6 years, making it suitable for projects that require post-completion protection.

Are there any height limitations for construction projects?

No, this program does not impose any height restrictions, allowing coverage for vertical builds and high-rise developments.

Can this program handle both project-specific and practice policies?

Yes, ProSight offers flexibility with both project-specific policies (24–48 months) and practice policies for qualifying contractors with appropriate payroll and subcontractor ratios.

In which states is this program available?

This program is currently available in New York. Contact ProSight for updates on availability in other regions.

Need help placing an account? Connect with a market specialist.

U.S. States Available

  • U.S. States Available:
  • Provider Type:
    0
  • Admitted:
    0
  • Carriers:
  • Carrier Ratings:
    "A" A.M. Best
  • Commission:
    Negotiated
  • Min Premium:
    -

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