https://completemarkets.com/company/allstar/Real-Estate-Development/
Real Estate Development
Allstar Financial Group offers Real Estate Development insurance solutions, including casualty and umbrella placements tailored for developers, general contractors and owners of apartment and condominium projects. Our small-business solutions division provides a streamlined quoting and binding process for habitational and mixed-use development accounts—call to speak with one of our underwriters for program specifics and submission requirements.
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.