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This applies only to the select Zurich products available through USAssure written on nonadmitted paper. This would include, Environmental Contractors & Consultants, Agribusiness Pollution Liability, and Healthcare Pollution Liability. Employment Practices Liability Insurance is admitted in some states while nonadmitted in others.
Note: List of states will be updated as surplus lines authority is approved
Requirements to bind:
- Producer must provide "due diligence" for the appropriate state. A statement that three (3) standard markets declined to write this account. This state specific form will be provided by the underwriter prior to binding.
- When underwriting a multi-state risk, please verify USAssure surplus lines authority in each state where the insured has an exposure.
- USAssure requires that the producer remit the appropriate taxes and fees as advised by USAssure prior to binding. An invoice will be sent to the producer with the quote/indication.
- If the producer is premium financing the account, USAssure will require a signed copy of the finance agreement prior to binding.
About Zurich Builders Risk Insurance
For over 30 years, the Zurich Builders Risk insurance plan has been the product of choice for agents and residential and commercial builders. Previously only offered to agents appointed with Zurich's small business group, the same quality and comprehensive policy is now offered to any licensed property and casualty independent agent in the United States on a brokerage basis. Registered agents can access buildersrisk.com anytime, anywhere to rate, quote and issue the best builders risk insurance plan in the business.
The Zurich Builders Risk insurance plan is the industry leader in providing course of construction insurance solutions. We offer broad, flexible coverage options specifically designed to meet the unique builders risk insurance needs of even the largest residential or commercial construction project. Our competitive coverage includes an extremely broad policy, including:
- Coverage for theft of materials from the moment they’re delivered to the job site
- Protection for materials in-transit and at temporary locations
- Coverage for materials that are installed or uninstalled
- Coverage for losses due to ordinance or laws
Zurich Builders Risk Basic Eligibility
The Builders Risk Coverage Form (40471) provides coverage for residential and commercial structures with values up to $10 million. We also offer a Large Commercial coverage form for higher valued structures, including high valued frame risks. Our builders risk insurance plan is flexible and trained underwriters are available to assist with coverage for even the most complex structures. All policies are subject to certain underwriting guidelines and restrictions.
- Builders must have two years experience unless otherwise qualified. Three years experience is required when requesting coverage for commercial structures with total estimated completed values greater than $3,000,000.
- Catastrophic limit is $5 million per policy.
- Policy can be issued in the name of the homeowner/mortgagee if the builder qualifies.
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