Builders Risk - Commercial

For commercial building projects up to $75 million, policies may be written with policy terms. This program also offers Business Income, Waiver of Coinsurance and other coverages.

man reading plans

Business owners: Contact your insurance agent or broker

Insurance agents

Call a specialist now 847-762-7178

Appetite

Commercial new construction, renovation or installation projects of any size and value. Examples of eligible commercial projects include but are not limited to the following:

  • Agricultural facilities
  • Cell towers
  • Educational and healthcare institutions
  • Hotels
  • Multi-story residential or office structures
  • Municipal buildings
  • Retail stores/grocery stores
  • Solar panels
  • Stadiums and arenas (large-scale installations)
  • Warehouses
  • Water and sewer pipelines (no oil or gas lines)
  • Water treatment plants

Ineligible risks

  • Registered historical structures
  • Tunnels
  • Dams
  • Structures built over water

Coverages offered

Coverage options include but are not limited to:

  • Earth movement
  • Flood
  • Ordinance and Law
  • Soft Costs
  • Business Income and Extra Expense
  • Waiver of Coinsurance
  • Testing of Building Systems
  • Other coverages for commercial structures

Geography

  • Nationwide
  • No premium commitment is required.
  • Register online for instant access.
  • Complete online application or submit paper application to Underwriting team.
     
  • Projects up to $75 million are eligible, subject to underwriting approval.
  • Quick reliable turnaround (1-3 days), including rush and quote indications
  • Direct access to a dedicated team of 50+ specialists
  • Premium payment installment options available on most policies
  • Ability to write in all protection classes
  • Ability to increase additional coverage limits
  • Pro-rata cancellations
  • No co-insurance
  • Admitted in all states
  • Policy options include single structure, reporting form or blanket (deposit premium) with flexible terms and extensions when required.
  • Builders are required to have at least three years of general contracting experience.