Builders Risk News Roundup: September 2023

September 4, 2023

Check out these three tips for insuring frame construction so you can confidently sell to and service construction clients.

1) Frame Appetite

Zurich will consider single-structure frame projects up to $25 million, including all exposed values at the project site. This means any additional endorsements (i.e., soft costs, business income) must be included in the project value.

For multiple structures, the limit is extended to $35 million, but the same condition applies.

2) Underwriting Considerations

Frame construction is more vulnerable to exposures, so eligibility is based on factors such as protection class, time to complete the project, occupancy and job site security.

3) Online Submissions

Applications for frame projects should be started online. Depending on the value and other project variables, the account will flow through our system or go on hold for underwriter review before a quote can be provided.

> More guidance

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.

This is intended as a general description of certain types of insurance and services available to qualified customers. Any description of policy provisions is meant to give a broad overview of coverages and does not revise or amend a policy. Refer to the policy coverage form for a complete representation of the scope of coverage, terms, conditions, exclusions and more. The policy is the contract that specifically and fully describes your coverage. Some products may not be available in all states and may only be offered on a non-admitted basis. Product availability is subject to change.

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