Project-Based Construction

Forward-thinking answers for your project-specific needs

Applied Specialty Underwriters® offers Primary and Excess Liability for project-based construction exposures, with a single underwriter overseeing both submissions. The facility is offered nationwide via appointed wholesale brokers.

Coverage provided by AM Best rated ‘A-’ (Excellent) carriers, Financial Size Category XI.

Appetite

The facility entertains project-based CGL and Excess Liability on the following basis:

• Wrap-up
• Rolling wrap-up
• Project-specific insuring developer and general contractor
• Owner interest

Limits Available:

• Up to $2M/$4M/$4M Primary CGL
• Up to $15M in Excess Limit

Limits Structure:

• CGL only
• Unsupported Excess in a lead or Excess position
• Primary and supported Excess with minimum $10M ventilation

Broker Guidance:

• Minimal appetite for new residential construction on a Primary basis
• Project-based appetite written via appointed wholesalers

Submission Requirements:

• Completed Applied Specialty Underwriters project application or equivalent application
• Project site map and architectural renderings
• Geotechnical report less than 4 years old
• Detailed construction budget
• Construction timeline
• General contractor's site-specific safety plan
• Five years of currently valued practice policy loss runs or currently valued loss runs for three recently completed project policies, including description of any large losses.