Ideal Accounts and Appetite
This program is best suited for licensed builders and general contractors with at least two years of experience. Eligible projects include:
- New residential or commercial construction
- Remodeling projects, including structural renovations
- Installation projects
- Model homes and their contents
- Unsold dwellings and trade-ins
- Properties under contract with purchasers
Policies are available for single structures or on a reporting or blanket basis, providing flexibility for different types of construction portfolios. Larger commercial projects can be issued with custom term lengths, while remodeling projects are available in 6-, 9-, or 12-month policy terms.
Coverage Highlights and Advantages
Zurich’s Builders Risk program includes essential coverages with optional enhancements to protect your clients throughout the construction process:
- Theft, vandalism, and arson coverage included
- Optional coverage for flood and earthquake
- Change order coverage available at 10%, 20%, or 30% of the total insured value
- Standard additional coverages included at no extra charge, such as:
- Property in transit
- Temporary storage
- Permission to occupy
- Ordinance or law
- Business income coverage
- Waiver of coinsurance
These coverages help your clients manage the financial impact of construction delays, theft of materials, and unexpected perils during the course of construction.
Underwriting Notes and Minimum Premiums
This program requires that the builder have a minimum of two years of general contracting experience. Projects must not include mobile homes, historical structures, or structures built over water. Minimum premiums start at $375 in most states for one-shot policies. All submissions are subject to underwriting approval.
Territories and Availability
This Builders Risk Insurance Program is available on an admitted basis in all 50 states and Washington, DC, including but not limited to CA, TX, FL, NY, IL, and GA. This broad availability gives agents across the country access to a stable, reliable construction insurance solution backed by Zurich American Insurance Company and other member companies of Zurich North America.
Why Work With Zurich North America
Zurich North America, through US Assure, combines deep construction industry expertise with underwriting strength and service efficiency. The online policy platform simplifies the quoting and binding process, helping agents respond quickly to client needs. With program capacity up to $50 million and a team of more than 50 specialists, Zurich provides a trusted and scalable solution for your construction clients.
Whether you're working with a residential contractor building spec homes, or a commercial developer renovating an office complex, this program offers the tools and flexibility to meet your clients' needs.
Frequently Asked Questions
What types of accounts are a good fit for this program?
Ideal accounts include experienced residential and commercial builders handling new construction, remodeling, or installation projects. The program is also suitable for developers with unsold inventory or model homes.
What is the maximum project value allowed?
The program accommodates projects up to $50,000,000, subject to underwriting approval.
Is this program available in all states?
Yes, this program is available on an admitted basis in all 50 states and Washington, DC.
Are there any ineligible risks?
Yes. Mobile homes, historical structures, and structures built over water are not eligible for coverage under this program.
What construction experience is required?
Builders must have at least two years of general contracting experience to qualify for this program.
Need help placing an account? Connect with a market specialist.