Availability: Available nationwide (exc. AK and HI)
Coverage: Admitted with an A++ rated carrier
Billing options: Broker bill or direct bill
Target markets: Residential construction, commercial construction (office buildings, warehouses, municipal buildings, restaurants, shopping center complexes etc.), residential/commercial remodeling, installation floaters.
Minimum premium: $400
Limits:
- $8M limit for frame and joisted masonry construction
- $15M limit for non-combustible, masonry non-combustible and fire resistive construction
Coverages:
- Collapse
- Scaffolding, Construction forms and temporary structures
- Debris removal
- Discharge from sewer, drain or sump
- Fire Department service charge
- Valuable papers and records
- Pollutant clean up and removal
- Ordinance of law - direct damage
- Preservation of property
- Reward payments
- Property at a temporary storage location
- Property in transit
- Expediting expense
- Limited coverage for 'fungi', wet rot and dry rot
- Soft costs
- Green building recertification
- Contract penalties
- Claim preparation expense
- Blueprint and construction documents
- Fraud and deceit
Download Builders Risk coverage highlights sheet