Replacement cost valuation for “contract works” or “construction works” includes contractor’s profit, labor and delivery charges.
If required by a signed construction contract, any architect, consulting engineer, designer, contractor, subcontractor and/or sub-subcontractor are additional insureds.
24/7 Interactive Underwriting System: u•writerSM Builders’ Risk
Commercial producers with access to @chubb can now use Chubb’s u•writerSM Builders’ Risk interactive underwriting system to quickly and conveniently enter insurance submissions and instantaneously obtain rates, quotes, and binders for insurance.
Scaffolding, scaffolding erection costs, formswork, falsework, temporary structures and office trailers are insured if their full value is charged to the project and declared in contract value.
Landscaping for decorative purposes or erosion control is insured for specific perils if its full value is declared in contract value.
Builders’ Risk, you can provide
faster, better service to clients:
Prequalify risks and generate quotations with deductible options.
Access saved quotes for new and existing risks.
Bind insurance, once quoted, subject to system approval.
Arrange for endorsements or cancellations of existing policies.
Print or e-mail quote letters, binders and client invoices.
Access specimen contracts and marketing materials.
Receive producer policies within 72 hours of binding (or overnight via Chubb Commercial PaperFree).
Services & Quality
The true test of any insurance company is how it responds to claims. We maintain a reputation for fairness and integrity by treating every customer — from policy issuance to claim settlement — as we would want to be treated. Agent and broker associations, industry analysts and publications around the world consistently recognize Chubb for our service quality — especially claim service.
Claim Service: We have earned our reputation for providing claim service in a prompt and fair manner. We generally respond within 24 hours of notification for first-party claims.
Loss Control: Our goal is to reduce or eliminate the probability of a loss and minimize its severity should a loss occur. Our global network of loss control consultants consists of long-tenured professionals with specialized expertise and construction experience.
To start using u•writerSM Builders’ Risk
Contact your local Chubb Inland Marine underwriter
Chubb Group of Insurance Companies | www.chubb.com
Chubb refers to the insurers of the Chubb Group of Insurance Companies underwriting coverage: Chubb Insurance Company of Europe, S.A.; Chubb Insurance Company of Australia, Limited; Chubb Indemnity Insurance Company; Chubb Insurance Company of Canada; Chubb Argentina de Seguros, S.A.; Chubb do Brasil Companhia de Seguros; Chubb de Chile Compañia de Seguros Generales, A.S.; Chubb de Colombia Compañia de Seguros, S.A.; Chubb de Mexico Compañia Afi anzadora, S.A. de C.V.; Chubb National Insurance Company; Federal Insurance Company; Great Northern Insurance Company; Northwestern Pacifi c Indemnity Company; Pacifi c Indemnity Company; Vigilant Insurance Company; Executive Risk Indemnity Inc.; Executive Risk Specialty Insurance Company; and Quadrant Indemnity Company. Not all insurers do business in all jurisdictions.
This literature is descriptive only. Actual coverage is subject to the language of the policies as issued. Chubb, Box 1615, Warren, NJ 07061-1615.
Form 04-01-0088 (Rev. 5/12)