A leading provider of excess liability insurance to the construction industry, Chubb can provide you with casualty coverage to protect your business against future potential catastrophic loss.
Construction Umbrella Coverage Highlights
Benefits
- Experienced construction underwriting and claims specialists
- Innovative solutions to address unique construction-related requirements
- Appetite for large complex risks including specialty underwriting and loss control
- Ability to produce locally admitted policies in most countries
Coverage
- Lead or Excess Capacity - Umbrella or Follow Form Excess
- Practice policies
- Project specific policies including extended completed operations coverage
- Wrap-Ups (CCIP/OCIP)
Minimums
- Minimum premium: $50,000
- Minimum underlying requirements: $2M per occurrence/$4M aggregate for general liability (except in NY where $25M limits are required), $1M for employers liability and $1M for auto liability
- General Contractors - $100M revenue or greater
- Trade Contractors - $50M revenue or greater
- OCIP’s, CCIP's, Joint Ventures, Project Specifics – Projects with Construction Value of $100M of more
Limits
- Up to $25M per occurence/aggregate-additional limits may be available
- Attachment point: preferred attachment point within first $100M excess of underlying insurance
Target Clients
- Commercial contractors
- Commercial Occupancies – Manufacturing, Industrial contractors, Warehouse or Office
- Healthcare projects
- Hospitality
- Infrastructure Projects – bridges, tunnels
- Apartments – units not owner occupied
- Maintenance Wraps – energy, manufacturing, utilities
- Energy Plants – new and upgrades
Restricted Classes
- Subject to individual program and risk assessment and underwriting
- Residential construction
Looking for umbrella and excess liability insurance for a construction business?
We can help with that.