Whether you are a commercial or residential contractor, or are performing four-wall projects or engineering construction like bridges and tunnels, Chubb offers the specialized solutions, financial capacity, and underwriting flexibility to meet your insurance needs.
Coverage Highlights
Benefits
- Superior flexibility
- Capacity in a variety of positions
- Ability to customize solutions to meet individual client needs
- Portfolio of green endorsements
- Lead terms/coverage forms/follow form available, based on underwriting review
- Highly experienced underwriters with more than 20 years average experience
Coverage
- Individual Project Builders' Risk and Master Programs
- DIC for construction projects on a selected basis
- Coverage form offers both physical damage and delay in opening
- Various optional coverages based on the client's needs
- Coverage to meet specific needs of the project and/or account
- International Builders’ Risk for U.S. domestic based client
- Capacity in a variety of positions, including primary, full limit, quota share, buffer and excess layer
- Portfolio of green endorsements
- Contract penalty coverage as a result of a covered physical damage loss
- Coverage form offers both physical damage and delay in opening
- Loss control and engineering services available on both a bundled and unbundled basis
*Risk control activities conducted on behalf of the insurer are not intended as a direct benefit or service to Chubb insureds.
Target Clients
- Contractor, developer, owner or homebuilder with active construction program and strong property preservation management approach looking for an underwriter with specialized expertise in Builders' Risk.
Submission Requirements
- Application to include: project description, statement of values, locations, limits and coverage requirements.
- In addition to application, details on delay in opening coverage requirements (breakdown of soft costs, pro-forma and period of indemnity for loss of rental income and loss of business income)