Meets the insurance needs of contractors and developers with ongoing construction activity
Typically $10,000 minimum applies, except:
$25,000 for blanket coverage programs
$50,000 for international exposures
\Minimum Deductible
Minimum deductible varies based on type and size of risk, generally $10,000 is the lowest for non-
catastrophe perils
Catastrophe perils generally require higher deductibles
Limits
$150 million globally
Restricted capacity:
Critical catastrophic perils such as California earth movement, 100 year flood, named
windstorm
Frame construction
Unique or prototypical projects
Contractor, developer, or owner with active construction program and strong property preservation management approach looking for an underwriter with specialized expertise in Builders Risk
Oil & gas, power generation and heavy chemicals: redirection of these risk classes to Starr Technical Risks Agency, Inc, the sole ACE facility for underwriting property coverage for any energy risk. This coverage is provided on ACE Canada paper
Submission 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)