Builders Risk Insurance

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 Insurance for U.S. domestic based clients
• 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)