General Star provides coverage for Builders Risk Projects written on a non-admitted basis through designated excess and surplus lines brokers.

Coverage Offered

• Commercial Builders Risk Coverage Form – Real Property, as well as Soft Cost; Cause of Loss – Special Form
• The Property Division can offer coverage for full limits, primary, buffer or excess of loss, depending on the individual account’s characteristics
• Windstorm or Hail coverage available, in catastrophic wind-exposed geographic regions
• California Earthquake coverage available
• Other coverages available as a sublimit include, but are not limited to, Flood, Property in Transit, Property at Temporary Locations, and Ordinance or Law Coverage

Risk Appetite

• Ground up new construction of standard OL&T buildings with typical project term between one to three years for completion

Ineligible Exposures

• Buildings under construction that require special design or engineering of exposures such as: factories, testing facilities, refineries or power plants
• Fire exposure for frame construction only

Target Accounts under the Builder Risk Program Include Ground up New Construction of the following:

• Habitational (apartment, condominium, hotel, etc.)
• Office Buildings
• Shopping Centers – Strip Mall and Stand Alone Structures
• Other Lessors' Risk exposures

Submission Requirements

• A completed ACORD Builders Risk Application
• General contractor information including number of years in business; experience in constructing property of similar type and physical characteristics; number of jobs in the past 12 months; bankruptcies, tax or credit liens against the applicant in the past five (5) years, plus three years of currently valued loss information
• A breakout of soft cost coverage
• Private and Public protection afforded at the risk