USI’s proprietary Builder’s Risk Program is designed to protect your firm against uninsured/underinsured losses up to 50% of total construction value.

Water Infiltration

Standard market policies exclude wind-driven rain, providing no coverage.

In addition to sand, snow, sleet, and hail, USI’s Builder’s Risk Facility includes coverage for wind-driven that enters a building during construction.

For a loss amount of $1 million, USI Builder’s Risk covers the entire $1 million loss, less the All Other Perils Deductible of $50,000.

Project Escalation Clause

Standard market policies do not include provisions for cost escalations in the event of a covered loss, resulting in $0 additional recovery should materials cost more at the time of repair than at construction.

USI Builder’s Risk Facility provides an additional 10% limit to the insured amount for cost escalation for the hard costs of the project in the event of a covered loss.

For an insured project of $125 million, USI’s program provides project escalation coverage up to $137.5 million.

Offsite Storage and Transit Sublimits

Standard market policies typically offer inadequate sublimits for building materials stored offsite and/or in transit to a project site.

USI’s Builder’s Risk Program can be extended to provide higher offsite storage and transit sublimits to accommodate larger values of transported material.

In the case of a $10 million offsite storage and transit loss, standard market coverage would only have provided $250,000 of recovery. Under USI Builder’s Risk, the recovery would have been the full $10 million-dollar loss.

  • Access to technical expert team and dedicated proprietary panel of carriers
  • Built in extension terms for projects that may exceed their original timeline (up to facility limits)
  • Asset protection for all project stakeholders (owner, contractor and all subcontractors as their interest appears as well as lenders, investment partners, etc.)

The USI Builder’s Risk Facility was created exclusively for our clients. With over $290M of premium volume and $65B of insured values, our program has the market leverage to achieve better premium and coverage terms than the open market.

USI’s Builder’s Risk Program offers highly competitive rate structures, typically 5% - 15% below open market rates.

Our dedicated submitting team will help qualify and pre-underwrite the risk to ensure it meets the requirements of the Facility in order to maximize the results for our clients. We will help with budget reviews including hard and soft costs calculations as well as CAT modeling to ensure appropriate levels of insurance are being insured.