Our expertise spans the world insuring construction projects large and small
Starr is a recognized market leader for Builders Risk Coverage regardless of
location, type of construction or final occupancy and has the knowledge, expertise and resources to underwrite and
provide loss control services for the smallest / simplest projects to the largest / most complex projects.
Highlights
Target Market
- Fortune 500 Companies (with specific focus on oil, gas, chemical & petrochemical and power plant operations)
- Real Estate Owners & Developers
- Contractors (Construction Managers, General Contractors & Specialty / Trade Contractors)
- Government & Public Entities
- Public & Municipal Utilities
- Primary, Secondary & Higher Education Systems
Target Construction Classes (including renovations & retrofits)
- Oil, Gas, Chemical & Petrochemical Plants and Infrastructure (pipelines & compressor / metering stations)
- Municipal, Public, Independent & Merchant Power Plants (simple / combined cycle cogeneration, hydro, solar, wind & geothermal)
- Commercial & Institutional Buildings (mixed use, office, retail, hospitality, educational, entertainment, healthcare and multi-family residential)
- Airports, Sports Arenas & Stadiums
- Industrial & Manufacturing Plants (including equipment & machinery installation)
- Streets, Roads, Highways & Bridges
- Freight & Passenger Rail Lines (at grade, below & above ground – including infrastructure & stations)
- Heavy Civil Works (tunnels, dams, levees, ports / marine terminals, piers, wharves & docks)
- Water, Wastewater and Desalination Plants
Coverages Available
Coverage is provided on a completed value basis for full project term on an All Risks basis with additional coverage extensions including Removal of Debris, Professional Fees, Expediting / Extra Expenses, Escalation Clause, Partial Occupancy, Emergency Property Protection Expense, Ordinance & Law, Inland Transit, Offsite Storage, Claim Preparation Expense and Delay in Completion / Delay in Start-up coverage.
- Project Builders Risk – Covering an individual project or multiple phases within an individual project for full project term.
- Masters Builders Risk – covering all projects awarded to the Insured during the annual Master Policy period. Individual projects are automatically covered (subject to declaration to the Company within 90 days of award) for the individual full project term and their individual full contract value based on terms, conditions and rates pre-agreed at Master Policy inception.
- Installations Builders Risk – (specialty / trade contractors only) – covering all work performed during the annual policy period subject to blanket policy occurrence limit. Coverage for Escalation Clause, Partial Occupancy and Delay in Completion / Delay in Start-up coverage is not available.
Capacity
- In-house capacity of $500,000,000 utilized as a 100% gross line, in a lead quota share position or as a participating quota share
- Flood, Earthquake (including California) and Named Windstorm capacity available
Project / Policy Period
- Up to 108 months
Minimum Premium
- $100,000
Disclaimer
Coverages herein are underwritten by Starr Indemnity & Liability Company, Starr & Reinsurance Limited, Starr Specialty Insurance Company, Starr Surplus Lines Insurance Company, Starr International (Europe) Limited, Starr Syndicate Limited at Lloyd’s of London, Starr International Insurance (Asia) Ltd., Starr Property & Casualty (China) Company, or Starr International Insurance (Singapore) Pte., Ltd. Starr is a marketing name for the operating insurance and travel assistance companies and subsidiaries of Starr International Company, Inc. and for the investment business of C. V. Starr & Co., Inc. and its subsidiaries. The coverages described in this document are only a brief description of available insurance coverage. It is intended for general information purposes only and does not provide any guidance regarding specific coverage available or any claim made thereunder. Any policy described herein will contain limitations, exclusions and termination provisions. Not all coverages are available in all jurisdictions. For costs and complete details of specific policy coverage, please contact an insurance professional by sending an email to the address provided above.
Coverages herein are underwritten by Starr Indemnity & Liability Company, Starr & Reinsurance Limited, Starr Specialty Insurance Company, Starr Surplus Lines Insurance Company, Starr International (Europe) Limited, Starr Syndicate Limited at Lloyd’s of London, Starr International Insurance (Asia) Ltd., Starr Property & Casualty (China) Company, or Starr International Insurance (Singapore) Pte., Ltd. Starr is a marketing name for the operating insurance and travel assistance companies and subsidiaries of Starr International Company, Inc. and for the investment business of C. V. Starr & Co., Inc. and its subsidiaries. The coverages described in this document are only a brief description of available insurance coverage. It is intended for general information purposes only and does not provide any guidance regarding specific coverage available or any claim made thereunder. Any policy described herein will contain limitations, exclusions and termination provisions. Not all coverages are available in all jurisdictions. For costs and complete details of specific policy coverage, please contact an insurance professional by sending an email to the address provided above.