Builders Risk News Roundup: May 2023
Check out these three tips on our inflation guard endorsement.
1) Inflation Guard Eligibility
The inflation guard coverage endorsement can now be secured online for residential and commercial new construction and remodeling projects valued up to $75 million.
2) Inflation Guard Explanation
Different from our contract change order endorsement where the cost of materials increases at the owner’s direction, our inflation guard endorsement covers the unexpected rise in price of materials being installed throughout the course of construction.
3) Inflation Guard Function
While this optional coverage serves as a safety net for unforeseen material cost increases, it is not a replacement for endorsing the policy when the total completed value changes.
See you next month when we deliver another roundup of product news. Until then, you can find more training tools for you and your team in our resource center.

More News
View moreHave a hard-to-place risk? Our surplus lines solution is now available countrywide for large, complex course of construction projects that don’t fit our admitted box. Download our E&S appetite guide for more information.
On Friday, August 29, US Assure's office and virtual working operations will close at 6 p.m. ET in observance of Labor Day.
US Assure has earned Zurich’s Pinnacle Award for the third consecutive year and is the only program administrator to receive the honor every year since its inception.