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Professional & Management Liability Property & Casualty Accident & Health Surety Bonds Industry Solutions Claims Services Loss Control Solutions
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Additional options can include resulting damage from design error or increased cost of construction. Chubb’s commercial project builders’ risk insurance is designed to provide project-specific insurance for an individual construction project requiring a separate policy. We are interested in a wide variety of new construction projects, including high-rise offices, warehouses, municipal buildings, institutional properties, industrial structures, road projects and engineered risks. Chubb’s commercial open builders’ risk insurance is designed to provide "blanket" or "open" style insurance for all projects initiated by a contractor during the policy period.
We are primarily interested in contractors who build homogenous, low- to moderate-hazard projects in a consistent geographic
territory. Chubb’s residential project builders’ risk insurance is designed to provide project-specific insurance for a single-family dwelling under construction, requiring a separate policy in the name of the homebuilder or developer. We are focused on new construction of semicustom orcustom homes valued at $1,000,000 replacement cost or less. Chubb’s residential open builders’ risk insurance is designed to provide "blanket" or "open" style insurance for all new home starts by a builder or developer during the policy
period, or for all new home starts in a single subdivision during the policy period. We focus on small- to medium-sized builders
who are constructing homogenous, single-family dwellings with a replacement cost value of $500,000 or less.
A wide array of artisan contractors face very different exposures while working at a construction site or in transit to the site, or while maintaining materials that are in temporary storage. Protection is available for contractors who engage in low-to-moderate hazard activities, such as plumbing, electrical, HVAC, cabinetry and alarm installations. We offer Open Installation floaters for all installation projects during the policy term, and Project Installation floaters for a single installation project. In addition to standard features, Chubb offers many unique features, including:
Chubb Contractors’ Equipment policies provide insurance protection for machinery – including spare parts and accessories – equipment and tools. We offer a Scheduled Contractors’ Equipment policy for scheduled items and a Blanket Contractors’ Equipment for owned contractors’ equipment without specifically scheduling items. In addition to standard features, Chubb offers many unique features, including:
Combating the Contractors’ Equipment Theft Epidemic
At Chubb, we deliver more than solid insurance products. We support our customers through our renowned services, extensive global network and financial strength. We’ve been dedicated to the global marine market since 1882. Chubb Marine Underwriters and the Marine Services Unit specialists deliver exceptional, seamless service to our marine clients. Our loss control professionals are experienced in making risk assessments and proposing practical remediation to help mitigate or prevent losses. Should a loss occur, marine claims are handled by dedicated marine and transportation claim professionals. They are available to respond to questions or concerns regarding an existing marine claim or recovery matter. Our financial strength continues to earn high ratings from A.M. Best, Standard & Poor’s and Moody’s, leading evaluators of insurance companies. Financial strength, combined with our underwriting expertise and claim service, means you can count on Chubb to be there when you need us most.
For more information about insurance products for the construction industry, contact your insurance agent or broker, or write
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