We are very pleased to announce that you can now complete and submit your single-shot Builder's Risk applications electronically on our ASAP system. AND..once coverage has been bound, you can print the binder in your office!!!

Missing A Form?

Commercial Insurance Application (Acord 125)
Installation/Builders Risk Application (Acord 147)

Single-Shot Builder's Risk Underwriting Guidelines

The intent of this program is to write coverage on above-average risks.
Individual risks should meet the following standards:

Contractors

• Contractors who are engaged principally (75% or more) in the construction and/or remodeling of one to four (1-4) family dwellings
• Must have a minimum of two years of experience as a construction manager or supervisor or a minimum of two years in business as a homebuilder
• Must be in acceptable financial condition - to be determined by agent appraisal, separate report (i.e. D & B or TRW), or financial statement(s) as requested by the Company
• Must have acceptable loss history - not excessive in either claim frequency or severity

Owner/Builders

• Must be in acceptable financial condition - to be determined by agent appraisal, separate report (i.e. D & B or TRW), or financial statement(s) as requested by the Company
• Must have acceptable loss history - not excessive in either claim frequency or severity

Ineligible Risks

• Those showing a loss ratio in excess of 50%
• Those with three (3) or more claims over the past three (3) years
• Those who have been cancelled or non-renewed (for non-payment or underwriting reasons) by a previous carrier
• Those with a principal indicating a past bankruptcy
• Those with poor payment records

Program Parameters

• Minimum premium - A minimum premium of $750 applies to all policies. All fees and premiums are fully earned.
• Available deductibles are $500, $1,000, or $2,500 Higher deductibles on a referral basis.
• Limits of Insurance - Standard policy Limits of Insurance - Standard policy limit is $1,500,000 per dwelling with higher limits being a referral account.
• Builders Risk on small apartments, townhouses and/or condominiums may also be included in this program at terms and conditions to be determined individually.
• Limits in excess of those stated will be handled on a risk-by-risk basis subject to prior approval from an underwriter of the Company.

Loss Prevention

All policies written through this program will be inspected and are subject to those guidelines for Inspection as used by the Commercial Inland Marine-Homebuilders Division. The type of inspection (phone and/or physical) will be determined based on the parameters of the risk.

Underwritten by Great American Insurance Company
Commercial Inland Marine Home Builder Division(Rated AXII by A.M. Best.)