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...al handling: Large scale structural steel erectors or heavy industrial contract...

...ent rental and boom truck fleets Steel erection contractors, millwrights and...program is ideal for crane operators, steel erection contractors, millwrights,...

...ogram is built specifically for structural and non-structural steel fabricators and steel erectio... range of account sizes—from local fabrication shops to multi-state contractor...

...ools coverage for mobile assets Workers’ Compensation and Excess/Umbrella Li..., Auto, General Liability, Property, Workers’ Compensation, Umbrella, and other endorsemen...

...rication, forging, casting, and structural steel operations High hazard an...le?Yes, we specialize in multi-state Workers Compensation risks and can provide coverage ...

...example, you might have a metal fabrication shop with prior large losses or a ...res, even if they have limited or no Workers Compensation history. What documents are req...

... Operations involving assembly, fabrication, and testing of electrical equipme...What is the minimum premium for this Workers Compensation program?The minimum premium sta...

Novatae Risk Group offers a robust Builders Risk and Course of Construction Insurance program tailored to contractors, developers, and owner/builders on residential and commercial projects. Supported by top-rated markets including Zurich, Beazley, and Certain Underwriters at Lloyd’s of London, the program delivers flexible policy structures and high per-risk capacity for technically complex and large-scale builds. Program Highlights: Backed by carriers rated “A” (X or higher) by A.M. Best Capacity up to $100MM+ per risk Available in most U.S. states Admitted and non-admitted options One-shot coverage and policy extensions available Ideal Accounts and Appetite: This program suits ground-up construction and major renovations across a broad range of classes. Appetite varies by carrier and state but commonly includes: Residential — single-family through multi-unit dwellings Commercial buildings Educational facilities Retail and office developments Lodging and hospitality projects Healthcare and recreational facilities Infrastructure and road construction Military-related projects Example fits: you might place a client building a new healthcare clinic, or insuring a major renovation of a retail strip center where values and project complexity exceed standard carrier appetite. Coverage Advantages: Optional extensions for existing buildings undergoing renovation or additions All protection classes (1–10) considered for dwellings (1–4 family units) Superior construction capacity up to $100M+ Wood-frame capacity up to $50M+ Optional coastal, flood, and earthquake capacity where carriers allow Underwriting Guidelines: Novatae’s underwriting team handles a wide range of construction types and timelines. Coverage is available for new construction, remodeling, and renovations. Standard policy terms are up to 12 months; extensions can be reviewed and endorsed as needed. Minimum premium begins at $350 plus applicable taxes and fees. Final terms depend on project size, location, construction type, and carrier appetite. Ineligible Risks Include: Projects using unique or non-standard materials (e.g., large fabric or earthen structures) Construction started more than 60 days before policy inception Renovations where the existing structure’s value exceeds twice the value of the new work Mobile home construction Projects with expected terms longer than 12 months Buildings currently under repair for prior damage at the same location Insureds with recent bankruptcies or prior cancellations for underwriting/payment issues Submission Requirements: Completed 125 Commercial Insurance Application Completed Builders Risk Application Territories and Availability: The program is available in most U.S. states, including: AL, AK, AZ, AR, CA, CO, CT, FL, GA, IL, KY, LA, MS, MO, NV, NJ, NM, NY, NC, PA, SC, TN, TX, UT, VA, and WV. Admitted and non-admitted placements are available depending on the state and chosen carrier. Why Work With Novatae Risk Group? As a Managing General Underwriter and Excess & Surplus Lines broker, Novatae Risk Group combines deep construction underwriting expertise with broad market access. We provide tailored solutions for challenging construction exposures, responsive underwriting, and placement options with financially strong carriers. That makes us a practical partner when you need flexible terms, high capacity, or coverage for technically complex builds. Do you need a Builders Risk / Course of Construction Insurance Quote? Send an email to [email protected] with your coverage needs or call 800-758-8113 to speak to an underwriter immediately. Frequently Asked Questions What types of accounts are a good fit for this program?This program is ideal for agents with clients involved in residential, commercial, educational, healthcare, hospitality, or infrastructure construction projects, including both new builds and major renovations. Are both admitted and non-admitted options available?Yes. Depending on the state and carrier selection, Novatae offers both admitted and non-admitted Builders Risk policies to provide placement flexibility. What’s the minimum premium for this program?The minimum premium starts at $350, plus applicable taxes and fees. Final pricing is based on project size, location, and specific risk factors. Can I submit a risk that has already started construction?Construction must not have started more than 60 days before the policy inception date to be eligible for coverage. What documentation is required to submit a quote?Submissions should include a completed 125 Commercial Insurance Application and a Builders Risk Application. Need help placing an account? Connect with a market specialist.

... for agents and brokers placing structural and non-structural steel fabricators and erection cont...nd Inland Marine coverage tailored to steel operations. Are both admitted and...