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.
The facility entertains project-based CGL and Excess Liability on the following basis:
Project-specific insuring developer and general contractor
Up to $2M/$4M/$4M Primary CGL
Up to $15M in Excess Limit
Unsupported Excess in a lead or Excess position
Primary and supported Excess with minimum $10M ventilation
Minimal appetite for new residential construction on a Primary basis
Project-based appetite written via appointed wholesalers
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
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.