Commercial Builder’s Risk

Commercial Builder's RiskWhat is Commercial Builder’s Risk Insurance?

Commercial Builder’s Risk is an insurance product designed to protect the project owner or the general contractor’s insurable interest when completing a ground up or renovation construction project. Coverage is usually written on an all risks basis and applies not only to property at the construction site but also to property in transit and at off-site locations. From the day construction starts to the day the insured obtains a certificate of occupancy, having Builder’s Risk coverage is crucial to the financial security of your insured.

Product Highlights

  • Broad All Risk Coverage Form
  • Ability to quote primary, lead, quota share and excess
  • No restrictions on distance to coast
  • Up to $150 million Windstorm capacity
  • Up to $300 million TIV capacity

Target Risks

  • Construction All Risks
  • Engineering All Risks
  • Renovation Projects (structural and non-structural)
  • Master Programs (multiple projects under one policy)

Information Required to Quote

  • Completed Builder’s Risk application with values, project location and requested coverages
  • Construction schedule, drawings and related contract documents
  • Soil or Geotechnical Report
  • 5 years Contractor Loss History

Submitting your risk to Orchid has never been easier

Email your commercial submission
(ACORD’S, SOV’s, Supplementals, Loss Runs, etc.)

Fill out the online application
for Commercial Builder’s Risk

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