Solutions for builder's risk

Builder's risk from The Hanover

Hanover builder's risk is designed to be completely customizable to meet a wide range of customer needs and budgets to enable your agency to be more customer-focused and differentiated, whether residential, commercial, new, remodel or rehab. Our comprehensive solutions are backed by experienced construction underwriters, expert loss control services and a superior claims team.

The Hanover's builder's risk target appetite includes:

  • Residential buildings
  • Commercial buildings (single projects or reporting policies) such as:
    • Industrial structures
    • Municipal buildings
    • Offices
    • Sewer treatment and water distribution plants
    • High-rise offices
    • Warehouses
    • Institutional property (schools, colleges, etc.)
    • Roads and bridges

Our builder's risk policy lets you easily add extended coverage to expertly tailor your client's policy to meet their needs, including sub-limits, without burying you in forms and paperwork. Most have already been combined into a single form.

Beyond the core policy, we’ve included expanded coverage aimed at offering your clients the right protection.

Coverage highlights include:

  • Insufficiency of limit clause – provides up to 10% of the limit of insurance (up to $1M) following a total loss to covered property
  • Replacement cost with no co-insurance
  • Broad named insured – includes the interest of all contractors, sub-contractors and owners
  • Delay in completion coverage offerings – including soft costs, business income, loss of rents and extra expense
  • Equipment breakdown
  • Flood, earthquake and earth movement coverage offerings available
  • Sewer and drain backup
  • Contract penalty
  • Expediting expenses

  • Ordinance or law coverage offerings
  • Business personal property while located at the jobsite
  • Construction trailers and contents while located at the jobsite
  • Valuable papers and records (such as blueprints) while located at the jobsite
  • Pollution cleanup and removal
  • Debris removal
  • Police and fire department service charges
  • Emergency removal to protect property
  • Fire suppression recharging expense

 

Soft costs calculator

The Hanover’s proprietary builder's risk coverage form offers unique, superior protection, along with a flexible form that helps make writing this complex coverage easy—whether for a single shot, blanket policy, new construction or other risks. Our soft costs calculator helps guide your coverage conversations with prospects and customers.

 Access the calculator

 

To complement our marine underwriter’s personal services, The Hanover’s builder's risk web-based automated processing system, TAP Sales Marine, allows you to issue builder's risk policies in real time and in one easy transaction.

At The Hanover, we know the value of comprehensive protection. Our Hanover Builder’s Risk Advantage solution protects against the unique risks faced by your clients. Unlock the Hanover Advantage.

 

More options for more businesses

We are a top 10 Marine writer with a builder’s risk target appetite that includes a wide range of residential and commercial buildings. Additionally, we have the ability to develop programs for all types of homogeneous groups with similar coverage needs, from start-ups and established programs to small, mid-size and large programs and accounts.

 

Competitive products

Our specialized core policy includes critical coverages in one form, including insufficiently of limit clause and delay in completion coverages.

 

Online quote and issuance

To complement our marine underwriter’s personal services, our TAP Sales quote-and issue-platform makes it easy to rate and issue builder's risk policies in real time and in one easy transaction.

Access TAP Sales

 

 

Significant experience

We have marine specialists and portfolio underwriters in local markets, all supported by regional experts. Plus, our in-house risk management consultants are located in every region and are well-versed in local, state and federal regulatory guidelines and laws to ensure compliance.

 

Dedicated claims professionals

Our experienced marine claims staff has a proven record of successful claims handling, including 24-hour claims response and quick turnaround on payments.

Trusted partner

We offer the support and strength of a leading insurance carrier with “A” ratings from A.M. Best, S&P and Moody's.

Appetite

The Hanover's builder's risk target appetite includes:

  • Residential buildings
  • Commercial buildings (single projects or reporting policies) such as:
    • Industrial structures
    • Municipal buildings
    • Offices
    • Sewer treatment and water distribution plants
    • High-rise offices
    • Warehouses
    • Institutional property (schools, colleges, etc.)
    • Roads and bridges

Product resources

 

 

Builder's risk overview

This brochure summarizes the coverage and services we've specially designed for builders.

Download now

Resources for your customers

Hanover Risk Solutions has assembled a range of resources, partner offerings, and education and training to help clients’ address their marine risks.

Water detection system for construction sites

Fire safety tips for construction sites

See all of our Risk Solutions resources for marine

 

Customer tools

Claims reporting

My Hanover Policy

 

 

Let's start a conversation

Contact a member of our team to learn more about our coverage and services.

Ed Johnson
Vice President, Specialty Underwriting - West
317-208-5720
ejohnson@hanover.com

Michael Disarno
Vice President, Specialty Underwriting - Programs
732-805-2387
mdisarno@hanover.com

Kane Jankoski
Assistant Vice President, Specialty Underwriting - New England
508-855-2209
kjankoski@hanover.com

Craig Mogielnicki
Assistant Vice President, Specialty Underwriting - Pacific
916-773-8902
cmogielnick@hanover.com

 

Jeremy Giard
Assistant Vice President, Specialty Underwriting - Southeast
704-409-1045
jgiard@hanover.com

Jared Lester
Assistant Vice President, Specialty Underwriting - Texas
713-243-7068
jlester@hanover.com

Susan Foland
Director, Specialty Underwriting - Arizona
602-732-6209
sfoland@hanover.com

Nate Trussell
Director, Specialty Underwriting - Colorado
720-440-8410
rtrussell@hanover.com

 

 

 

 

Dave Wojciechowski
Assistant Vice President, Specialty Underwriting - Midwest
517-540-4940
dwojo@hanover.com

Eric Gifford
Assistant Vice President, Specialty Underwriting - Metro
732-877-4387
egifford@hanover.com