Best Modular Construction Insurance Firms in USA
Non-sponsored, Expert Verified and Transparently Ranked Modular Construction Insurance Firms in USA
Executive Summary
We analyzed 5 solutions. Top Recommendation: Builders Risk Insurance by US Assure (program with Zurich North America) scored highest due to Best for owners, contractors, and lenders on residential or commercial construction and remodels up to $75M, including modular builds. Zurich-backed coverage via US Assure includes materials in transit/temporary locations and options for existing structures and single/reporting/blanket forms, with exclusive program expertise and modular guidance [1], [2], [3].
At a Glance
Builders Risk InsurancebyUS Assure (program with Zurich North America)
Best for: Best for owners, contractors, and lenders on residential or commercial construction and remodels up to $75M, including modular builds. Zurich-backed coverage via US Assure includes materials in transit/temporary locations and options for existing structures and single/reporting/blanket forms, with exclusive program expertise and modular guidance [1], [2], [3]
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US Assure (program with Zurich North America)
Company Information
US Assure is a builders risk insurance company that exclusively distributes, underwrites, and services Zurich's program across the U.S. They offer quick access, online policy issuance, and competitive compensation for every product, with no minimum commitment.
Company Overview
Company Details
Financial Information
Contact Information
Key Value Propositions
- Quick access and online policy issuance.
- Competitive compensation for agents.
- Access to expert training and resources.
Technology Stack
Industries Served
Technical Information
Social Links & Discovery
Categories
Keywords
Target Customers
Summary
The US Assure Builders Risk Plan insured by Zurich is an inland marine policy providing comprehensive insurance coverage for owners and contractors during the course of construction, renovation, or installation projects. It covers physical loss or damage to materials, fixtures, and equipment from covered causes such as theft, fire, flood, earthquake, and more.
Overview
Builders risk insurance (also called course of construction insurance) protects a person's or organization's insurable interest in materials, fixtures and/or equipment to be installed during the construction or renovation of a building or structure should those items sustain physical loss or damage from a covered cause. US Assure is the exclusive administrator for the Zurich builders risk program, offering coverage for new construction, remodeling, and installation projects. The policy is designed for both residential and commercial customers, with flexible options and coverage for projects valued up to $75 million.
Best For
Best for owners, contractors, and lenders on residential or commercial construction and remodels up to $75M, including modular builds. Zurich-backed coverage via US Assure includes materials in transit/temporary locations and options for existing structures and single/reporting/blanket forms, with exclusive program expertise and modular guidance [1], [2], [3]
Key Features
- Coverage for new construction, remodeling, and installation projects
- Single structure policy, reporting form, and deposit premium options
- Coverage for materials in transit and at temporary locations
- Option to include existing structure for remodeling projects
- Additional named insured clause for contractors and other parties of interest
- Surplus lines (E&S) available for projects over $10M when declined by admitted market
- Insured by Zurich, an 'A' rated carrier
Key Benefits
- Protects financial interest in construction materials, fixtures, and equipment
- Covers a wide range of perils including theft, fire, flood, earthquake, and more
- Flexible policy options for various project types and values
- Policy can be written in the name of the owner or contractor
- Many coverages automatically included with options to increase limits
- Direct access to a dedicated team of more than 50 underwriters
- Direct billing with premium payment options
- Fast, easy access with no minimum commitment
- Capacity for projects valued up to $75 million, including wind and flood
- Available in all 50 states on an admitted basis
Who Is It For
- Contractors
- Business owners
- Homeowners
- Financial institutions
- Entities with an insurable interest in construction or renovation projects
Features & Modules
Overview
US Assure is the exclusive administrator for the Zurich builders risk program, offering coverage for new construction, remodeling, and installation projects. The policy is designed for both residential and commercial customers, with flexible options and coverage for projects valued up to $75 million.
Frequently Asked Questions
- Builders risk insurance protects insurable interest in materials, fixtures, and equipment during construction or renovation.
- Covers a variety of projects with standard and optional coverages.
- Policy can be purchased by owners, contractors, or other interested parties.
- Cost depends on project value, type, location, and other factors; starts at $375 in most states.
- Most policies are purchased before or at the start of construction; projects over 30% complete require additional review.
Policy Coverage
The US Assure Builders Risk Plan insured by Zurich is the nation’s leading inland marine policy for owners and contractors. With comprehensive insurance coverage and flexible policy options, the Zurich builders risk policy is designed to meet the needs of residential and commercial customers for almost any project type valued up to $75 million.
- New Construction Insurance: Covers course of construction projects from production to custom building.
- Remodeling Insurance: Covers commercial and home renovation projects, with the option to include the existing structure.
- Installation Insurance: Covers property of the insured and property of others being installed or awaiting installation.
Highlights
US Assure and Zurich practice sound and consistent underwriting, have industry expertise, and remain steady with respect to appetite and pricing, making them proven and stable partners.
- Rate, quote, issue and manage policies from any device or browser
- Capacity for projects valued up to $75 million, including wind and flood
- Insured by Zurich, an 'A' rated carrier
- Many coverages automatically included with option to increase limits
- One shot or single structure policy, reporting form and deposit premium options
- Policy can be written in the name of the contractor or the owner
- Direct access to dedicated team of more than 50 underwriters
- Direct billing with premium payment options
- Fast, easy access with no minimum commitment
- Surplus lines may be available for projects valued over $10M when declined by admitted market
Availability
Available in all 50 states on an admitted basis, including Alabama, Arizona, California, Colorado, Florida, Georgia, Indiana, North Carolina, New Jersey, Pennsylvania, South Carolina, Tennessee, Texas, Virginia, and Washington.
E&S
When your insured’s course of construction risk requires an excess and surplus lines solution, US Assure contracted agents and brokers can access non-admitted carriers for complex projects valued over $10M. If declined by the standard market, applications may be manually reviewed and quoted with an E&S underwriter.
- Submission process: Submit your application online.
- Additional information may be requested.
Available In
Compliance
- Insured by Zurich, an 'A' rated carrier
- Admitted in all 50 states
- Surplus lines (E&S) available for projects over $10M
AXA XL
Company Information
AXA XL is a leading provider of P&C global commercial insurance offering insurance and reinsurance to enterprises of every kind and size. AXA XL helps you take your business further.
Company Overview
Company Details
Financial Information
Contact Information
Key Value Propositions
- Strong financial stability
- Global scale
- Flexibility in structuring programs
- Technical expertise
- Exceptional claims experience
Technology Stack
Industries Served
Technical Information
Social Proof
Customer Testimonials
AXA XL demonstrates strong financial stability and service capabilities while investing time to understand us, which are key criteria for us.
They take time to understand our business and needs and generally responsive to those. They do what we need everywhere we need it and do a good job of putting a team behind it.
AXA XL is much better than their peers on each of our carrier choice criteria: global scale, flexibility on how we structure programs, strong technical expertise and ability to execute all types of administrative actions.
AXA XL stands for partnership and continuity, always willing to be a partner and to provide solutions to ensure business continuity.
Their bench is deep, with lots of talented people, that are not just smart, but people you can enjoy spending time with and for some, even call them friends.
AXA XL stands for integrity, financial strength, care about customer, value personal relationship and long-term strategic partner.
AXA XL Claims is one of the most professional, courteous, and skilled teams I work with. Thank you!
AXA XL Claims professionals are always prompt in their responses and understanding in how a large company manages their claims.
From the first call to AXA XL claims, my experience was as positive and as pleasant as it could possibly be in these circumstances. Thank you!
Social Links & Discovery
Summary
AXA XL Risk Consulting provides global risk management and mitigation services to help businesses manage complex, unpredictable, and interconnected risks. With a team of nearly 400 consultants averaging over 17 years of industry experience, AXA XL partners with clients to improve competitiveness, risk profiles, and operational excellence. Services are delivered in 26 countries and 24 languages.
Overview
AXA XL Risk Consulting provides global risk management and mitigation services to help businesses manage complex, unpredictable, and interconnected risks. With a team of nearly 400 consultants averaging over 17 years of industry experience, AXA XL partners with clients to improve competitiveness, risk profiles, and operational excellence. Services are delivered in 26 countries and 24 languages.
Best For
Best for mid-sized to multinational companies managing complex operational or construction risks. AXA XL fields nearly 400 consultants across 26 countries and 24 languages, offers deep specialty services (property, casualty, cyber, environmental, supply chain), and provides construction risk engineering plus the SiteForward analytics portal for portfolio visibility [1], [2], [3]
Key Features
- Comprehensive risk consulting services across multiple industries and geographies
- Specialized consulting in areas such as casualty, construction, cyber, environmental liability, fire, machinery breakdown, marine, motor fleet, natural hazards, catastrophe loss modeling, property loss prevention, energy sector, supply chain, and transport/logistics
- Customer portals and digital tools for risk management (SiteForward, Access@Risk)
- Client resources including training, permits, and guidelines
- Property Risk Consulting Guidelines (PRC Guidelines) based on international standards
Key Benefits
- Access to a global network of nearly 400 risk consultants
- Industry experience averaging 17+ years per consultant
- Risk consulting know-how averaging 20+ years
- Support in 26 countries and 24 languages
- Improved business competitiveness and operational excellence
- Enhanced risk profile and mitigation strategies
Who Is It For
- Mid-sized and multinational companies
- Some high-net-worth individuals
- Businesses seeking to manage and mitigate operational, property, and specialty risks
Features & Modules
Risk Consulting
The world becomes increasingly complex, unpredictable and inter-connected. To manage and mitigate the risks your business faces you need a strong global partner.
Risk Consulting
We're a partner you can rely on to help make your business more competitive, improve your risk profile and achieve operational excellence.
- Close to 400 risk consultants
- Industry experience: 17+ years on average
- Risk consulting know-how: 20+ years
- Located in 26 countries
- 24 languages spoken
Risk mitigation just got easier
SiteForward
Client Resources and Training
AXA XL Risk Consulting offers services ranging from tangible resources such as Hot Work Permits, Impairment Handling Materials to training opportunities involving a full-scale fire equipment laboratory to a newly enhanced eLearning portal delivering a suite of courses on risk improvement and property conservation.
Access@risk
Property Risk Consulting Guidelines
Available In
Chubb
Company Information
Chubb is a global insurance company providing a range of insurance products for individuals, families, and businesses in the Benelux region. They offer various insurance solutions, including liability, property, cyber, and life sciences, as well as exclusive car insurance and masterpiece insurance for individuals.
Company Overview
Company Details
Financial Information
Contact Information
Trust & Compliance
Key Value Propositions
- Exceptional service
- Customized coverage
- Award-winning claims satisfaction
Technology Stack
Industries Served
Technical Information
Summary
Chubb's Business Insurance provides comprehensive coverage options for businesses ranging from small startups to large multinational corporations. The offering includes a wide array of products, services, and industry-specific expertise to address evolving risks and ensure business continuity.
Overview
Chubb offers tailored business insurance solutions for companies of all sizes, providing protection for businesses, their employees, and reputations against industry-specific risks. With over 200 years of experience, Chubb leverages risk specialists to find the right coverage for unique business needs.
Best For
Best for small to multinational businesses needing tailored, scalable coverage with robust engineering support. Chubb spans 30+ industry practices and deploys nearly 500 in‑house risk engineers, while builders risk solutions offer delay‑in‑opening coverage, international capacity, and green endorsements aligned to modern construction [1], [2], [3]
Key Features
- Customizable insurance products (liability, cyber, property, accident & health, etc.)
- Industry-specific solutions across 30+ industry practices
- Risk engineering and consulting services
- Claims support and business income consultation
- Coverage for businesses of all sizes
- Global reach and multinational capabilities
Key Benefits
- Tailored insurance solutions for unique business needs
- Coverage for a wide range of industry-specific risks
- Access to risk specialists and nearly 500 in-house risk engineers
- World-class claims service with high satisfaction rates
- Financial strength and stability
- Strategic partnership and insights for large and multinational businesses
Who Is It For
- Small businesses (startups to established local businesses)
- Large and multinational businesses
- Businesses across 30+ specialized industries
- Companies seeking tailored risk solutions
Features & Modules
Tailored business insurance solutions
Products, services, industry expertise
Chubb’s expertise spans 30 specialized Industry Practices. Working together, our underwriters, risk and claims professionals tailor industry-specific solutions for each of our clients.
- Explore by industry: 30+ specialized industry practices
- Explore by product: Liability, cyber, property, accident and health
- Explore our services: Risk engineering, claims support, income consultation
Insuring businesses of all sizes
Small businesses at every stage look to Chubb for robust protections, world-class claims service, industry-specific knowledge and coverage options that insure against risks as they grow. Large & multinational businesses rely on Chubb for strategic partnership, insights, premium products and services, stability, financial strength and insurance industry leadership.
- Small businesses: robust protections, claims service, industry knowledge
- Large & multinational businesses: strategic partnership, insights, premium products
Business insurance excellence by the numbers
#1 Commercial lines insurer in the U.S.; 200+ years of experience; $21B claims paid globally (2023); 92% overall claims satisfaction (clients with a paid claim across 2022-2023)
- #1 Commercial lines insurer in the U.S.
- 200+ years of experience
- $21B claims paid globally (2023)
- 92% overall claims satisfaction (2022-2023)
Unique risk solutions across industries
Prepare and prevent with Chubb Risk Consulting
Chubb’s in-house network of nearly 500 risk engineers helps businesses anticipate and minimize costly exposures. The Chubb Risk Engineering Center offers services on fire protection, equipment breakdown, worker safety and more.
- Fire protection
- Equipment breakdown
- Worker safety
- Next generation risk management
Insights & expertise
Learn more about market conditions and risks that affect your industry, leverage tips and strategies for protecting your business and see Chubb’s expertise in action with white papers, articles, and success stories.
- Evolving risks for the middle market
- Insurance costs depend on 4 factors
- Navigating risks in cleanrooms
- Cold weather safety tips for employees
- 4 steps for creating a safer worksite
- When middle markets go multinational
Pricing
Insurance costs depend on factors such as business size, industry, coverage needs, and risk profile. No specific pricing is listed; see resource for more details.
Available In
Compliance
AIG (Lexington Insurance Company)
Risk Solutions for Businesses
by American International Group, Inc. (AIG)
AIG (Lexington Insurance Company)
Company Information
American International Group, Inc. (AIG) is a leading global property and casualty insurer. AIG operates in over 190 countries and jurisdictions offering an array of comprehensive risk and insurance services.
Company Overview
Company Details
Financial Information
Contact Information
Trust & Compliance
Key Value Propositions
- Comprehensive insurance solutions
- Global presence and expertise
- Commitment to customer service and risk management
Technology Stack
Industries Served
Technical Information
Summary
Partner with one of the world’s most far-reaching property casualty networks. AIG offers comprehensive risk solutions for businesses of all sizes and industries, including tailored insurance products, claims support, and risk management services. Solutions are designed to address a wide spectrum of business risks, from property and casualty to cyber, environmental, and multinational exposures.
Overview
AIG's Risk Solutions for Businesses provides a broad range of insurance and risk management products to help protect businesses' people, performance, assets, and international operations. Backed by a global network, strong capital position, and expertise in complex risk and insurance challenges, AIG enables businesses to focus on their growth while AIG manages their risk.
Best For
Best for complex or nonstandard construction/property risks requiring E&S flexibility (e.g., modular/off‑site, wood frame, multinational). Lexington (AIG) provides single‑project or master builders risk structures with dedicated risk services, and AIG’s Property Claims Promise advances 50% of its share of agreed property damage funds within 7 days after confirmation [1], [2], [3]
Key Features
- Broad range of insurance products (property, casualty, cyber, environmental, etc.)
- Customizable group accident and health insurance
- Directors & Officers and management liability coverage
- Kidnap, ransom, and extortion coverage
- Professional liability insurance
- Cyber risk protection and data breach response
- Environmental risk coverage by industry
- Fronting and captive solutions
- Mergers & acquisitions risk solutions
- Surplus lines and specialty risk products
- Trade credit insurance
- Warranty and service programs
- Aerospace and aviation insurance
- Energy sector risk solutions
- Marine insurance (ocean and inland)
- Multinational and foreign casualty solutions
- Political risk insurance
Key Benefits
- Comprehensive protection for people, performance, assets, and international operations
- Client-centric mindset and tailored advice
- Unparalleled service and claims support
- Access to a global network of experts
- Customizable and flexible insurance solutions
- Advanced risk engineering and loss control services
- Support for complex, high-risk exposures
Who Is It For
- Small domestic companies
- Multinational corporations
- Schools and other organizations
- Financial institutions
- Public, private, and non-profit companies
- Businesses operating internationally
- Niche market businesses
- Marine and aviation service businesses
- Energy sector companies
- Automotive manufacturers and suppliers
Features & Modules
Business & Enterprise Risk Solutions
Partner with one of the world’s most far-reaching property casualty networks.
Empowering businesses to discover new potential
AIG offers a broad range of products to help protect the things that matter most to businesses: their people, performance, assets and international operations. Backed by a client-centric mindset, unparalleled service, and tailored advice.
At a Glance
- $539B total assets
- ~190 countries and jurisdictions served through AIG operations and network partners
- $26.7B General Insurance net premiums written
Risk Solutions for All Your Needs
AIG provides solutions to help protect what's most important to businesses, including people, performance, assets, and international operations.
- Accident & Health
- Casualty
- Directors & Officers
- Kidnap & Ransom
- Professional Liability
- Cyber
- Environmental
- Financial Institutions
- Fronting & Captive Services
- Management Liability
- Mergers & Acquisitions
- Programs
- Surplus Lines
- Trade Credit
- Warranty
- Aerospace
- Energy
- Property
- Marine
- Multinational
- Political Risk
- Foreign Casualty
Available In
Compliance
- Products and services are subject to underwriting requirements and actual policy language.
- Certain property casualty coverages may be provided by a surplus lines insurer, which do not generally participate in state guaranty funds.
- Products or services may not be available in all countries and jurisdictions.
DUAL North America
Company Information
Company Overview
Company Details
Key Value Propositions
- Specialized insurance products
- Quick online quoting
- Expert underwriting teams
Industries Served
Technical Information
Social Links & Discovery
Social Media
Target Customers
Summary
Commercial Property Insurance from DUAL North America provides protection for commercial property, real estate, and business assets. The offering includes tailored solutions for standard and non-standard risks, with specialty wordings to cover risks commonly excluded in off-the-shelf policies. Even clients with prior losses can be considered.
Overview
DUAL North America offers thoughtfully-designed insurance solutions for a wide range of commercial property risks, with access to capacity from more than 30 insurer partners. Products are tailored for each niche and can be adapted to meet clients’ precise needs, including hard-to-place and non-standard risks.
Best For
Best for brokers and insureds with hard‑to‑place commercial property or modern build methods, including modular projects. DUAL delivers bespoke programs with access to 30+ insurer partners and in‑house claims, and its builders risk team explicitly targets modular construction with dedicated capacity and claims handling partnerships [1], [2], [3]
Key Features
- Coverage for a wide range of commercial property risks
- Tailored products for each niche
- Specialty wordings for risks commonly excluded in standard policies
- Consideration of clients with prior losses
- In-house claims handling
Key Benefits
- Bespoke solutions for specialized and hard-to-place risks
- Access to capacity from over 30 insurer partners
- Ability to adapt coverage to meet precise client needs
- Programs for non-standard risks and specialty wordings
- Fast decisions enabled by flat hierarchies and streamlined processes
- In-house claims handling for quality and efficient service
- Deep expertise in specialist underwriting and product design
- Long-term commitment to great service
Who Is It For
- Businesses with commercial property, real estate, or business assets to insure
- Clients with hard-to-place or non-standard property risks
- Clients needing specialty coverage not available in standard policies
- Clients with prior losses
Features & Modules
Protection for commercial property, real estate and business assets
DUAL offers thoughtfully-designed insurance solutions for a wide range of commercial property risks. With access to capacity from more than 30 insurer partners, we have tailored products for each niche – and are open to adapting coverage to meet your client’s precise needs. Hard-to-place risks? DUAL may be an option. Programs for non-standard risks and specialty wordings that cover risks commonly excluded in off-the-shelf policies. Each risk is taken on its own merits, even clients with prior losses can be considered.
Commercial property products
Why choose DUAL?
Bespoke solutions for specialized risks. Built for speed. All about service. Deep expertise. In-house claims handling.
- Bespoke solutions for specialized risks
- Built for speed
- All about service
- Deep expertise
- In-house claims handling
Available In
Compliance
- CA License # 0E67776
- NV License # 19154
Data Quality & Transparency
Our Ranking Methodology
How we rank these offerings
We ranked these Modular Construction Insurance Firms in USA based on three key factors: Modular Coverage Flexibility (40% weight), Claims Response Time (35% weight), and Risk Engineering Support (25% weight). Builders Risk Insurance scored highest because of its comprehensive coverage for modular construction, swift claims response time, and robust risk engineering support. This strong balance across critical areas makes it the top choice.
Ranking Criteria Weights:
Flexibility in coverage is crucial for addressing the specific needs of modular construction projects, including transit and off-site storage.
Quick claims response is vital for mitigating delays and disruptions in construction projects.
Effective risk engineering can prevent losses and improve overall project safety and resilience.
Frequently Asked Questions
- What are the typical costs and pricing models for modular construction insurance?
- Pricing for modular construction insurance typically varies based on project size, complexity, and geographic location. Builders Risk Insurance, for example, offers competitive rates tailored to both residential and commercial projects, which can include coverage for property in transit and at storage sites. Risk Consulting provides project-specific or master programs, highlighting flexibility in pricing models, especially for large-scale or specialized projects. Generally, insurance premiums for modular construction are likely set relative to the overall project value and risk profile.
- What are the key selection criteria when choosing an insurance provider for modular construction?
- Decision-makers should consider companies offering comprehensive coverage tailored to modular construction. Business Insurance offers specialized solutions, supported by Chubb’s extensive risk control capabilities, making it an ideal choice for projects needing high-level risk management. Additionally, firms should look for insurers like Risk Solutions for Businesses that provide multinational options and dedicated risk engineering, essential for large-scale or complex modular projects.
- What industry standards and compliance factors should be considered in modular construction insurance?
- Insurance providers like Commercial Property Insurance address industry standards by underwriting classes such as modular construction and mass timber/CLT, ensuring compliance with national and local building codes. Builders Risk Insurance, insured by Zurich, underscores the importance of adhering to compliance standards by covering both transit and off-site storage, aligning with industry transport and storage regulations. Compliance with safety and construction standards is crucial to prevent coverage disputes.
- What are the implementation challenges and solutions in modular construction insurance?
- One common challenge is the coordination between off-site and on-site processes. Builders Risk Insurance addresses this with coverage that includes property in transit, alleviating risks associated with transportation. Implementing insurers like Risk Consulting's project-specific solutions can mitigate delays, providing operational risk cover for the first 12 months, which helps manage unexpected on-site issues. Effective communication between stakeholders and insurers is crucial for timely and effective implementation.
- How can modular construction insurance deliver a positive ROI?
- A positive ROI is achieved by minimizing losses through comprehensive and targeted coverage, ensuring projects adhere to timelines and budgets. Companies like Business Insurance offer broad capacity positions and risk control measures by Chubb, which are designed to prevent costly delays. Additionally, tailored solutions such as those from Risk Solutions for Businesses include dedicated claims expertise that can expedite reimbursements and mitigate potential financial setbacks, enhancing overall project profitability.
Our Promise: We promise to deliver the highest quality company and offering data, free from sponsored bias. We compile data from across the internet, to give the most accurate and true rankings, according to our transparent algorithms.
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