BUSINESS INSURANCE INLAND MARINE
Commercial Builders’ Risk Solutions For Agents and Brokers
Keep your clients moving forward with our builders’ risk solutions.
Inland marine business requires creative and technical insurance solutions, backed by a company vested in your success. So in addition to our Builders’ Risk insurance products, we have made it easier (and faster) for you to successfully place business via our state-of-the-art u•writerSM Builders’ Risk system, which enables you to submit, rate, quote, bind, issue and service business online.
Builders’ Risk Policies
Chubb’s Commercial Project Builders’ Risk insurance is designed to provide project-specific insurance for an individual construction project requiring a separate policy. The policy offers insurance for a wide variety of new construction projects, including:
Chubb’s Commercial Open Builders’ Risk insurance is designed to provide “blanket” or “open” style insurance for all projects initiated by a contractor during the policy period.
Design exclusion does not apply to other “contract works“ or “construction works” that are free of error, omission or deficiency, but damaged as a result.
Loss or damage caused by or resulting from abrupt & accidental breakdown of mechanical or electrical system or apparatus is not excluded.
The faulty or defective workmanship, materials, maintenance or construction exclusion does not apply to ensuing loss or damage caused by or resulting from a covered peril.
The insured is allowed to waive rights of subrogation if done in writing prior to loss (except to a common carrier or warehouseman for hire).
Project Policy Automatic Limit
Open Policy Automatic Limit Per Insured Project
Effects of law Debris removal In transit Awaiting delivery Soft costs Electronic data & valuable papers Expediting expenses Pollutant cleanup or removal (annual aggregate) Rental income Public safety service charges Preparation of loss fees Fungus cleanup (annual aggregate) Loss prevention expenses
$ 1,000,000 $ 150,000 $ 100,000 $ 100,000 $ 50,000 $ 50,000 $ 50,000 $ 50,000 $ 50,000 $ 25,000 $ 25,000 $ 25,000 $ 25,000
$ 1,000,000 $ 150,000 $ 100,000 $ 100,000 $ 100,000 $ 50,000 $ 50,000 $ 50,000 $ 100,000 $ 25,000 $ 25,000 $ 25,000 $ 25,000
Automatic limits of insurance included in our Commercial Builders’ Risk policy forms:
Most limits can be increased for an additional premium.