Construction Umbrella Coverage Highlights
Benefits
- Experienced construction underwriting and claims specialists
- Innovative solutions to address unique construction-related requirements
- Appetite for large complex risks including specialty underwriting and loss control
- Ability to produce locally admitted policies in most countries
Coverage
- Lead or Excess Capacity - Umbrella or Follow Form Excess
- Practice policies
- Project specific policies including extended completed operations coverage
- Wrap-Ups (CCIP/OCIP)
Minimums
- Minimum premium: $50,000
- Minimum underlying requirements: $2M per occurrence/$4M aggregate for general liability (except in NY where $25M limits are required), $1M for employers liability and $1M for auto liability
- General Contractors - $100M revenue or greater
- Trade Contractors - $50M revenue or greater
- OCIP’s, CCIP's, Joint Ventures, Project Specifics – Projects with Construction Value of $100M of more
Limits
- Up to $25M per occurence/aggregate-additional limits may be available
- Attachment point: preferred attachment point within first $100M excess of underlying insurance
Target Clients
- Commercial contractors
- Commercial Occupancies – Manufacturing, Industrial contractors, Warehouse or Office
- Healthcare projects
- Hospitality
- Infrastructure Projects – bridges, tunnels
- Apartments – units not owner occupied
- Maintenance Wraps – energy, manufacturing, utilities
- Energy Plants – new and upgrades
Restricted Classes
- Subject to individual program and risk assessment and underwriting
- Residential construction
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