CONSTRUCTION | BUILDER'S RISK
Program structure and product features
Program structure
Despite our desire to provide 100% coverage through an AXIS builder’s risk policy, we recognize that it may not always be possible. In those situations, we will support customers through Quota Share (Q/S) placements either as an AXIS lead or following another market. While possible, excess only placements are not as desired, and the opportunity will need to be discussed with your AXIS underwriter.
Product features
- Programs available for both owners of the structure or general contractors responsible for building them
- Flexible and customized coverage based on our customers’ needs or risk appetite concerning limits, sub-limits, and deductibles
- Policy coverage designed for: • Project Specific Builder’s Risk (PBR) — aimed at a single project with total insured values greater than $50m • Master Builder’s Risk (MBR) — tailored to cover most or all of a customer’s construction portfolio with dedicated limits, rates, terms, and conditions for various project types. The MBR also offers flexible reporting options for projects ranging from reporting forms to specific project attaching coverage
*Very limited appetite and in many cases will be attachments outside of CAT and subject to required minimum premium thresholds per risk
For our financial strength, individual insurance company ratings, and regulatory disclosures by jurisdiction, visit: https://www.axiscapital.com/product-information.
