Builders Risk

When it comes to protecting structures and materials during new construction projects or renovations, few things are as essential as the right Builders Risk coverage. At ORIM, we're a team of industry-leading underwriters with the experience, expertise, and authority to provide quick underwriting solutions to meet the needs of our clients’ residential, commercial, and institutional construction projects.

Coverage Features

Proprietary Builders Risk Form offering superior flexibility
Admitted and Non-Admitted capabilities
Primary or Quota share
Lead or Follow form
Admitted insurance contracts are issued by Pennsylvania Manufacturers' Association Insurance Company, rated A+ (Superior) XV by AM Best and A2 Stable by Moody's

Offerings

Project Builders Risk
Master Builders Risk
Coverage form offers both physical damage and delay in opening
Critical CAT Coverage

Capacities & Terms

Limits up to $150M
CAT limits up to $30M
Up to 36 months

Target Classes

Four-Wall Construction
JM or better Construction
Habitational including Apartments,
Condominiums, and Assisted Living Facilities
Commercial including Retail, Office, Institutional, and Hospitality
Non-Structural Renovations
Infrastructure including Roadways, Bridges, and Water Treatment Plants
Light Manufacturing

Educational Sessions

Contact your ORIM Representative to discuss topics we can present at your office or work site, or complete and submit this brief form to have an ORIM Representative contact you.

Builders Risk Overview ("Builders Risk 101") - General overview of builders risk coverages and current issues – 1 to 1.5 hours
Continuing Expense / Delay in Completion Overview - High level overview of "soft costs" and delay in completion coverages – 1 hour
Continuing Expense / Delay in Completion Deep Dive - In depth discussion of "soft costs and delay in completion coverages and current issues – 2 hours
Defects Exclusion (LEG and CoMG Clauses) - Covers considerations and issues surrounding defects exclusions, especially the LEG Defects Clauses – 1.5 hours
PML Underwriting - How underwriters determine and set PMLs. This is helpful for brokers in being able to determine and describe coverage and limits needs for their insureds – 1 hour