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.