Builder's Risk & Installation Insurance

RLI Marine offers the best coverage for construction projects as well as standard inland marine protection and additional coverage.

Construction site losses often exceed what appears upon initial review. We design our broad array of coverage extensions and supplemental coverage to indemnify our insureds for the losses that are not so readily apparent. You can trust in our experience and expertise for your unique builders’ risk protection needs.

Coverage

Available property and casualty coverage includes:

• Building materials and supplies during the entire course of construction
• After purchase of materials and supplies through transportation
• Storage risks, on and off jobsites

Covered losses may include:

• Costs of labor
• Profit
• Delivery charges

Full Breadth of Services

We don’t just insure property. We partner with our insureds to help them quickly recover when damages occur and avoid damages whenever possible. With us, coverage means access to the following services:

• We offer risk control services.
• We pay for emergency removal of covered property, and we cover that property where it is temporarily located.
• We cover removal of debris, pollutants and fungal growth, and other expenses that might come as a surprise, such as fire department service charges, contract penalties, and other costs to expedite repairs and comply with ordinances or laws.
• We pay when a loss occurs due to fraud or deceit-and when personal property, waterborne property, and trees, shrubs, and plants sustain damage, our policy responds. Other types of covered property include scaffolding and construction forms, which are covered in the course of construction limit.
• Retailers
• Insurance for hoisting or rigging operations’ jobsite exposures and sewer backup coverage are part of our basic form, and we can extend coverage to include special perils like earthquake or flood.
• Coverage for soft costs (10 varieties), extra expenses, and rental income are all available as options.
• We partner with Hartford Steam Boiler to provide equipment breakdown coverage. We can provide full policy limits for electrical, hydraulic and mechanical testing.

Appetite and Coverage Amounts

We consider this a highly desirable class of business. We write all construction types, but favoring non-combustible, masonry non-combustible, or fire resistive. We also give preference to new construction that is not expected to take more than 18 months to complete. We carefully underwrite risks in CAT-prone areas, i.e., situated in high hazard earthquake areas, flood zones A or V, or in South Atlantic or Gulf coastal areas where hurricanes are most likely to make landfalls.

Our focus is limited to total insured values not exceeding $30MM, with single structures not exceeding $15MM. For frame or joisted masonry construction, however, we prefer total insured values not exceeding $10MM with single structures not exceeding $5MM. The maximums for other policy sub-limits vary according to the exposures presented. Each risk is individually underwritten on its own merits.

Target Customers

We prefer general and specialty contractors who have a successful track record in the geographical area where they operate and a solid reputation for completing their work on time. Wherever there is adequate public fire protection, we consider most project types desirable, including commercial, communications, educational, financial, habitational, hotels and motels, medical, light manufacturing, mercantile, offices, public works, religious, and shopping centers.