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Get that new project covered fast

Through FHB/SA’s online desktop at FHBInsurance.com, you can quote, bind, and issue a policy designed to meet the Builders’ Risk needs of your clients. Once coverage is bound, the following items are required within 20 days: 
Signed web application (available from website), three years’ currently valued loss runs (hard copy) or no-loss letter, and client’s resume if in business less than three years. And we are always here to help if you have any questions.

All accounts are subject to underwriter review and program terms and conditions. 

PROGRAM HIGHLIGHTS
  • Annual or monthly reporting form policies
    • $500K per structure limit
    • $2.5M aggregate loss per subdivision
    • Limits up to $1M/$5M are available with company approval
    • No deposit or earned minimum premium
  • One-shot policies up to $5M per structure
  • Consumer risk policies written in the name of the owner, mortgagee, or developer
  • Carrier Cypress Property & Casualty rated “A” (Unsurpassed) by Demotech, Inc.

TARGET CLASSES
Residential General and Building Contractors Constructing:

  • Single family homes
  • High value custom homes
  • 2 – 4 unit residential structures
  • Light commercial projects
    • Small office buildings
    • Mixed-use structures
    • Strip malls
    • Doctor offices
    • 5+ multi-unit townhomes
    • Condominiums
    • Apartments
ELIGIBILITY
  • Minimum 3 years in business or 5 years supervisory experience (resume required)
  • No work over 3 stories
  • Sound financial condition
  • 3-year favorable loss ratio
  • Consumer Risk Policies requirement: a building contractor must be hired to do the work

PROGRAM FILED CLASSIFICATIONS & RATES

  • Customized builders’ risk coverage form
  • 25¢ rate available for qualified inland county accounts
  • Ability to schedule model home and contents, completed new homes, miscellaneous buildings, and personal property on builders’ risk form
  • “New Starts” not completed in 12 months from start date may be reported again at the same rate
  • No restriction on distance to tidal water

Get A Quote

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Fun Fact: Americans renovate their homes every 3 to 5 years with larger renovations on the rise. https://www.gallerykbny.com/post/home-remodeling-myths-and-facts-general-contractors-tell-all