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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.
Oil & Gas, Power Generation and Heavy Chemicals — your regional Builders' Risk underwriter will refer these risk classes to Starr Technical Risks Agency, Inc., the sole Chubb facility for underwriting property coverage for any energy risk. This coverage is provided on Chubb paper.
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)