Flexible Coverage for the Construction Industry

Builders face significant risks from fire, weather, equipment breakdown, theft and other construction exposures. With residential, commercial, hospitality and institutional projects often representing millions in investment, protecting those assets is critical.

The IGP Specialty Builder’s Risk Program helps safeguard against financial losses throughout the construction process — from groundbreaking through certificate of occupancy. Whether you’re building single-family homes or multimillion-dollar office complexes, our program offers tailored risk management solutions designed for the unique needs of the construction industry.

Key Advantages

• Comprehensive AAIS coverage forms
• Available on a ground-up, primary or quota share basis
• Delay in completion coverage for soft costs, rental and business income
• Project-specific coverages
• Expertise in complex property risks and large-scale projects, including layered placements and multiple carriers
• Low minimum premiums, flexible policy periods (3–36 months) and competitive pricing
• Fast quote–bind–issue capabilities and responsive claims service
• Personalized support from experienced construction insurance professionals
• $500 minimum deductible; varies based on total insured value (TIV) and occupancy class

As an industry leader, IGP Specialty provides coverage for highly complex property risks and large-scale projects, including those requiring multiple carriers and layered coverage. Our program offers low minimum premiums, flexible policy periods of three to 36 months, and highly competitive pricing. Our systems allow our teams to quote, bind, and issue a policy quickly and accurately and our service team provides fast, efficient claims handling. When working with IGP Specialty, you receive personalized service from knowledgeable professionals with decades of insurance expertise in the construction industry.

Target Classes

Our main classes of business include (with affiliated operations):

• Residential (1–4 family dwelling), including home builders reporting forms
• Apartments, condominiums, group homes, and assisted living facilities
• Commercial (offices, mercantile, and retail)
• Hospitality (hotels and motels)Institutional (schools, hospitals, municipal, and correctional facilities)
• Institutional (schools, hospitals, municipal, and correctional facilities)

Coverages

• Fire
• Theft
• Vandalism
• Wind, earthquake, and flood
• Installation floater
• Installed equipment
• Permanent fencing and foundations
• Debris removal
• Fire department services
• Trees, shrubs, and plants
• Pollution cleanup
• Transit
• Temporary storage