Builder's Risk.
Builder's Risk.
GroupOne’s Builder’s Risk insurance covers a wide range of residential building types to protect your client’s residential building project from potential losses and setbacks. Our expert team of underwriters can write competitive and customized coverage for your client’s project. GroupOne’s quoting process is quick and simple. Protect your clients from unexpected losses and submit a quote application to us.
GroupOne also offers contractors property insurance to protect your clients’ offices, tools and equipment. See Contractor’s Property for details and application.
Coverage Highlights:
- Broadform or Named Perils
- Robust property capacity backed by Lloyd’s of London and a variety of domestic carriers
- 10 million liability limits, OL&T and CGL
- Legal Expense
- Cyber
- Boiler
Our standard Course of Construction forms includes the following features:
- Full Limits for Flood and Earthquake
- Replacement Cost Basis of Settlement
- Margin of Profit for Contractors
- Escalation Clause up to 10%
- Soft Cost
- Delay in Start-Up
- Testing and Commissioning Endorsements