Ironshore Global Property has expanded its builders’ risk coverage to include wood frame commercial construction projects in the U.S. and Canada. The stand-alone policy offering will protect against property risks of large scale, commercial wood frame structures during the course of construction. Capacity limits are available up to $15 million to be underwritten on a quota share basis for both wholesale and retail producers for selected wood frame construction projects.
Builders’ risk new wood frame cover is available for the duration of the construction period, as well as for delay in startup and phased operational completion. Sector specific projects can include healthcare facilities, hotels and resorts, retail developments and residential buildings.
Ironshore Global Property Builders’ Risk program underwrites coverages on complex, commercial construction against physical loss or damage to property on a first party basis, addressing U.S. domestic and global exposures throughout the Ironshore platform.