When a loss occurs there could be significant financial impact both to repair or replace the property and keep work moving forward.
We have extensive experience placing property programs that include builder’s risk, inland marine and contractor’s equipment. We focus on the particulars that matter, such as coverage wording, maintenance of proper limits and comprehensive evaluation of our client’s assets. As business risks are ever-changing, we are here to provide guidance and make sure our clients’ programs adapt.
Each project has unique needs. Our team members have experience with various projects types including:
- Commercial buildings
- Bridges and tunnels
- International risks
- New construction and renovation
- Power and utilities
- Streets and roads
- Water treatment plants
We leverage our valued market relationships to procure comprehensive coverage tailored to the particular risks of the project. We have expertise with inland marine insurance including:
- Builder’s risk (CAR/EAR)
- Contractor’s equipment
- Deductible buy-down
- Difference in conditions/difference in limits
- High hazard natural catastrophe risks
- Installation floaters
- Master programs
- Tunnel boring machines
As there is no standardized policy form for builder’s risk, coverage will vary from insurer to insurer and project to project. Complex issues, such as defective work and delays in project completion, require detailed expertise to navigate properly. We understand these nuances. When properly structured, a builder’s risk policy is a critical part of a successful risk management program.
Our professionals dedicate time to following and understanding trends in the builder’s risk marketplace. We have meaningful relationships with both direct and reinsurance markets. This helps us identify market shifts to put our clients ahead of the curve.
Should a loss occur, NFP has the capabilities and expertise to aggressively advocate on our client’s behalf. We recognize that when claims happen, our clients need us the most. That’s why we’re committed to standing on the front lines throughout the process. Our personal attention to each client’s needs, every step of the way, is what sets NFP apart.