Builders’ risk coverage/course of construction
For some markets, frame and joisted masonry builders risk projects are a difficult class of business to underwrite successfully. While many overseas admitted markets regularly decline to offer terms on such projects, citing high fire PMLs as a major issue, Price Forbes & Partners has enjoyed considerable success in securing competitive terms for this class of exposure. In doing so, the business has firmly established itself as a leading broker for frame and joisted masonry construction projects.
Whether insureds are domiciled in the US or Canada, Price Forbes & Partners is able to create competitive placements for a range of risk types. As well as all risk builders’ risk placements, the business has also enjoyed success in placing the single peril CAT limits for builders’ risks excess of underlying limits provided by admitted markets on MNC and fire resistive structures. Whether coverage for wind in the Gulf of Mexico region, or for earthquake coverage throughout California, Price Forbes & Partners aims to provide the necessary coverage at competitive prices.
Risk types covered include:
- Custom homes
- Larger schedules of multi-phased residential projects
- Mixed use / mixed construction renovation projects
- Single locations