Berkshire Hathaway Specialty Insurance - Builders Risk policy form specimen
If you have any questions about the policy form, please email buildersrisk.us@victorinsurance.com.
Agent/broker resources
Availability: Available nationwide (exc. AK and HI)
Coverage: Admitted with Berkshire Hathaway Specialty Insurance (A++ rated carrier)
Billing options: Broker bill or direct bill
Target markets: Residential construction, commercial construction (office buildings, warehouses, municipal buildings, restaurants, shopping center complexes etc.), residential/commercial remodeling, installation floaters.
Minimum premium: $400
Limits:
- $8M limit for frame and joisted masonry construction
- $15M limit for non-combustible, masonry non-combustible and fire resistive construction
Coverages:
20 automatic coverages included in the standard form:
- Collapse
- Scaffolding, Construction forms and temporary structures
- Debris removal
- Discharge from sewer, drain or sump
- Fire Department service charge
- Valuable papers and records
- Pollutant clean up and removal
- Ordinance of law - direct damage
- Preservation of property
- Reward payments
- Property at a temporary storage location
- Property in transit
- Expediting expense
- Limited coverage for 'fungi', wet rot and dry rot
- Soft costs
- Green building recertification
- Contract penalties
- Claim preparation expense
- Blueprint and construction documents
- Fraud and deceit
- 10+ additional optional coverages available
- Builders Risk program highlights sheet
- Builders Risk program FAQs
- What makes Victor's Builders Risk program different?
- Builders Risk program competitor comparison checklist
- How does Victor's Builders Risk program stack up against the leading competitor?
Insights:
- What is builders risk insurance?
- Builders risk insurance explained: Glossary of terms
- How to sell builders risk like a pro
- Six key tips for successful builders risk submissions: A guide for agents
- The agent's guide to builders risk coverage gaps and how to close them
- Understanding soft costs - are your clients covered?
- Are your clients' construction projects adequately insured against inflation?
Victor Risk Advisory
To help you and your clients understand and overcome risks, Victor Risk Advisory offers rock-solid industry insights, risk mitigation resources and much more.
Contact the builders risk team directly:
T: (800) 944-7472
E: buildersrisk.us@victorinsurance.com.
Alternatively, connect with your business development contact.
Policyholder resources
Berkshire Hathaway Specialty Insurance
In the event of a claim, please notify via:
- By 24-hour toll free number: (855) 453-9675
- By email: claimsnotice@bhspecialty.com
- By fax: (617) 507-8259
- By mail: Visit www.bhspecialty.com/claims for mailing address