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.

Become an agent today.
Sign up for instant access to an "A" rated carrier with no volume commitment!
Become An Agent
Back to top
We value your privacy.

This website uses cookies to provide customized content and to analyze performance and visitor traffic. By clicking "Accept", you consent to our use of all cookies.

For more details, read our Privacy Policy.

Manage Your Cookie Preferences

We use cookies to help you navigate efficiently and perform certain functions. You will find detailed information about all cookies under each consent category below.

You can choose to continue with certain cookies enabled or disabled; however, restricting them may change your browsing experience.

Always Active

Necessary cookies are required to enable the basic features of this site, such as providing secure log-in or adjusting your consent preferences. These cookies do not store any personally identifiable data.

These cookies help us deliver personalized content and present marketing campaigns that may be relevant to you. They allow us to measure their effectiveness and improve how we connect with you.

These cookies help us understand how visitors interact with the website by collecting information such as number of visitors, engagement rates, traffic sources and campaign data, etc. as well as monitor key performance indexes of the website.

These cookies track visitors across websites to provide relevant advertisements based on the pages you visit and to analyze the effectiveness of the ad campaigns.