New Build Construction – Builders Risk Insurance

Product Overview

McGowan Risk Specialist is a construction specialist. We have access to all the most aggressive E&S markets for builders risk and construction. We customize each placement and provide you with responsive service. We are here to help you win deals.

TARGET
Commercial ground-up construction or renovation

STATES
All states, except KY

CLASSES OF BUSINESS
Apartments, Hotels, Shopping centers, office buildings and many more

MINIMUM PREMIUM
$10,000

PAPER
Varies per carrier, all A.M. Best “A” Rated

CAPACITY
Up to 100M or more, CAT Tier 1 or 2 and Non-CAT available

SUBMISSION REQUIREMENTS
Acords, Completed Builders Risk Application, Construction Schedule, Drawings and Related Contract Documents. Loss runs, Target premiums and Deductibles

To Obtain Quotes:
A complete submission requires the following:
  • ACORD application (Commercial Section).
  • 3 – 5 years of loss summary for all underlying policies.
  • Supplemental applications (at the underwriter’s discretion).
  • Please submit to: ajames@mcgowanrisk.com
To Bind Coverage:
  1. A written request to bind.
  2. A signed ACORD submission.
  3. 3 years of loss runs for all underlying policies.
  4. Supplemental applications (at the underwriter’s discretion).

CONTACT

Austin James    |    Will Jayne    |    Brian Hogge    |    Scott Rodia    |    Darin McClure    |    Todd Tomlin