Best Modular Construction Insurance Firms in USA
Non-sponsored, Expert Verified and Transparently Ranked Modular Construction Insurance Firms in USA
Published: December 25, 2025 | Verified by: Ted Scheiman & Rob Watts
Executive Summary
We analyzed 5 solutions. Top Recommendation: Builders Risk Insurance by US Assure (program with Zurich North America) scored highest due to Market-leading Zurich-backed builders risk distributed by US Assure, with specific guidance for modular builds and off-site/transit exposures..
Content Verification
Side-by-Side Comparison
| Feature | #1 Builders Risk Insurance (US Assure (program with Zurich North America)) | #2 Risk Consulting (AXA XL) | #3 Business Insurance (Chubb) | #4 Risk Solutions for Businesses (AIG (Lexington Insurance Company)) | #5 Commercial Property Insurance (DUAL North America) |
|---|---|---|---|---|---|
| Best For | Market-leading Zurich-backed builders risk distributed by US Assure, with specific guidance for modular builds and off-site/transit exposures. | Deep risk engineering and complex-project expertise with flexible structures (project or master) tailored to evolving construction methods, including off-site workflows. | Flexible capacity and coverage, including delay-in-opening and international capabilities, plus risk consulting and green endorsements for modern builds. | E&S flexibility for complex modular or off-site projects, with a unique commitment to advance 50% of its share of agreed property damage working funds within 7 days after confirmation. | Explicit appetite for modular construction projects with specialized underwriting and capacity for complex, modern build methods. |
| Claims Response Time | Zurich (claims handler for US Assure’s builders risk) acknowledges new claims within 24 hours. Claims can be reported 24/7 via Zurich’s Customer Care Center; after-hours emergency response is available. (zurichna.com) | 24/7/365 claims availability. For cyber incidents, AXA XL’s hotline is staffed by its claims team; a claim specialist engages within minutes and a response team is mobilized the same day. (axaxl.com) | Makes every effort to respond within 48 hours after a claim is reported (business/workers’ compensation). (chubb.com) | Once property damage coverage is confirmed, Lexington commits to advance 50% of its share of the agreed property damage estimate within 7 days. (lexingtoninsurance.com) | N/A |
| Risk Engineering Support | Backed by Zurich Resilience Solutions, the program can leverage Zurich’s construction risk engineering: nationwide risk engineers, site-safety consulting and Project Safety Assessments, plus technology-enabled safety initiatives. (us.zurichresilience.com) Zurich’s builders risk solutions also integrate risk engineering services for complex programs (e.g., Fronted Master Builders Risk). (zurichna.com) | Global risk engineering team (~400 consultants in 26 countries) delivers property/construction risk surveys, loss-prevention plans, BI analysis, catastrophe planning, and project follow-up. (axaxl.com) Digital support via SiteForward and Access@Risk; PRC Guidelines and client training resources. (axaxl.com) Builders Risk clients get a dedicated, consultative risk engineering team; Risk Scanning enables multi-site assessments. (axaxl.com) | Chubb Risk Consulting provides nearly 500 risk engineers worldwide delivering customized risk engineering: site surveys/analytics; property conservation and sprinkler/water-damage mitigation; equipment breakdown inspections (Authorized Inspection Agency) and risk analysis; construction risk consulting portal and digital tools; plus hands-on and virtual training via the Chubb Risk Engineering Center. (chubb.com) | Dedicated construction risk engineers collaborate to implement measurable risk improvements; provide customized service plans and comprehensive loss control reports; and support hot work, fire protection impairment, and water intrusion prevention programs. (aig.com) Lexington policyholders also access 500+ property engineers across 35+ countries for specialist evaluations and benchmarking. (lexingtoninsurance.com) | N/A |
| Modular Coverage Flexibility | Modular construction eligible, treated like site-built. Standard policy includes property in transit (up to $25k or 5% of completed value) and materials at temporary/off-site locations, supporting factory modules, transport, and storage/assembly. (usassure.com) (usassure.com) | Project-specific or master programs; flexible coverage modifiable for owner or contractor placements; options include hot testing, delay in completion, and first 12 months of operational risk; special package policies for construction/erection phases; terms up to six years. (axaxl.com) | Chubb provides modular, scalable coverage: Customarq’s property policy has a modular format with options; Benchmarq/BOP packages are customizable and let you add protections as needs evolve. (chubb.com) Coverage can be bought packaged or monoline, and builders risk allows individual-project or master programs with optional coverages. (chubb.com) | Single-project or Master Builders Risk structure; configurable placement (primary, quota share, excess). Tailored coverages for small to complex projects across domestic, multinational, and multi-year builds. Options include coverage during project standstills and coverage extensions, plus flexible coverage for wood-frame projects. (lexingtoninsurance.com) | Supports modular construction as a target class within its Builders Risk program. Flexible placement: can lead or follow approved forms, write 100% or quota share on bespoke subscription policy forms; mid‑term projects allowed; up to 36‑month terms; in‑house claims handling. (dualinsurance.com) |
Builders Risk Insurance
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.
Keywords
Description
US Assure is a builders risk insurance company that exclusively distributes, underwrites, and services Zurich’s program across the U.S.
What They Do
Provide builders risk insurance and property and liability insurance services.
Who They Serve
Personal and commercial lines clients and insurance agents.
Key Value Propositions
Target Customers
Industries Served
Summary
A nationwide builders risk program that provides course-of-construction coverage for residential and commercial projects, insured by Zurich. US Assure explicitly notes modular construction is eligible and can include coverage for property in transit and at off-site storage/assembly locations.
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
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.
Resources
Supporting Resources
Detailed Comparison
Claims Response Time
Risk Engineering Support
Modular Coverage Flexibility
AXA XLCompany 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.
Keywords
Description
AXA XL is the P&C and Specialty division of AXA, providing Re/Insurance to mid-sized and multinational companies, and some high-net-worth individuals.
What They Do
AXA XL provides insurance and reinsurance solutions, risk consulting, and innovative risk management services.
Who They Serve
Mid-sized and multinational companies, as well as high-net-worth individuals.
Key Value Propositions
What Customers Say
"AXA XL demonstrates strong financial stability and service capabilities while investing time to understand us, which are key criteria for us."
— Risk Manager
"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."
— Risk Manager
"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."
— Risk Manager
"AXA XL stands for partnership and continuity, always willing to be a partner and to provide solutions to ensure business continuity."
— Risk Manager
"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."
— Risk Manager
"AXA XL stands for integrity, financial strength, care about customer, value personal relationship and long-term strategic partner."
— Risk Manager
"AXA XL Claims is one of the most professional, courteous, and skilled teams I work with. Thank you!"
— Broker
"AXA XL Claims professionals are always prompt in their responses and understanding in how a large company manages their claims."
— Risk Manager
"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!"
— Insured
Target Customers
Industries Served
Contact Information
Key Pages
Navigation Links
Summary
Enterprise-grade builders risk coverage for large and complex projects across North America. Offers project-specific or master programs with options like delay in completion and even first 12 months of operational risk cover.
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
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, our risk management customer portal, helps clients make critical risk management decisions by turning data into graphical reports and actionable knowledge at the touch of a button.
SiteForward
SiteForward, our risk management customer portal, helps clients make critical risk management decisions by turning data into graphical reports and actionable knowledge.
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
Access@Risk is a secure web-based platform dedicated to risk consulting clients. It is the information database and virtual library where all documents and relevant risk data are available for the client.
Property Risk Consulting Guidelines
PRC Guidelines provide AXA XL Risk Consulting’s philosophy of and interpretations to various internationally recognized standards dealing with all types of property loss prevention subjects.
Documents
- AXA XL Risk Consulting Brochure APAC & Europe EN
- Risk Consulting Overview NA Infosheet AXA XL
Resources
Supporting Resources
Detailed Comparison
Claims Response Time
Risk Engineering Support
Modular Coverage Flexibility
ChubbCompany 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.
Keywords
Description
At Chubb, we deliver excellence in all we do, being there when you need us most. We provide exceptional service to our customers and business partners—it's who we are.
What They Do
Chubb provides insurance solutions for individuals, families, and businesses, including property, auto, travel, and embedded insurance.
Who They Serve
Individuals, families, businesses, agents, and brokers.
Key Value Propositions
Target Customers
Industries Served
Contact Information
Key Pages
Summary
Specialized builders risk solutions for commercial and residential contractors, available for individual projects or master programs. Coverage can include physical damage and delay in opening, supported by Chubb’s risk control and broad capacity positions.
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
Tailored business insurance solutions
Chubb has protected businesses of all sizes, their employees and their reputations against industry-specific risks for more than 200 years. Let our risk specialists work to find the right business insurance coverage for your unique needs.
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
Chubb’s industry practice specializations continue to grow in response to rising business segments, ensuring that our capabilities and products align strategically to the evolving risks that matter most in your industry.
- 30+ industry practices
- Industry-specific risk solutions
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
Get a business insurance quote that fits your business
Whether your business is large or small, we’ll leverage our premium products and services to create a plan that protects your business, your employees and your reputation. Talk to Chubb today.
Resources
Supporting Resources
Detailed Comparison
Claims Response Time
Risk Engineering Support
Modular Coverage Flexibility
Risk Solutions for Businesses
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.
Keywords
Description
AIG provides insurance solutions that help businesses and individuals in more than 200 countries and jurisdictions protect their assets and manage risks through AIG operations, licenses and authorizations as well as network partners.
What They Do
AIG offers a comprehensive range of insurance products and services to manage risks for both individuals and businesses.
Who They Serve
AIG serves clients globally, including individuals and businesses in more than 200 countries and jurisdictions.
Key Value Propositions
Target Customers
Industries Served
Key Pages
Summary
E&S builders risk tailored for single projects and master programs, designed for complex and large-scale construction risks. Provides multinational options and dedicated risk engineering and claims expertise.
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
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
Resources
Supporting Resources
Detailed Comparison
Claims Response Time
Risk Engineering Support
Modular Coverage Flexibility
Commercial Property Insurance
DUAL North AmericaCompany Information
Description
DUAL North America is one of the largest independent underwriting organizations in the U.S. with more than specialized products across commercial property, casualty, financial lines, and surety. Our broker and carrier partners around the world rely on our underwriting teams to take initiative, lean into the challenges of an increasingly complex world, and respond to their clients’ emerging needs.
What They Do
Provide insurance underwriting services across various sectors such as commercial property, casualty, and financial lines.
Who They Serve
Brokers and carriers seeking specialized insurance products.
Key Value Propositions
Target Customers
Industries Served
Contact Information
Social Media
Key Pages
Summary
Builders risk program underwriting a wide range of construction classes with capacity to lead or follow and in-house claims. Target classes explicitly include modular construction, mass timber/CLT, and master builders risk programs.
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
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
A list of commercial property insurance products offered by DUAL North America.
- Builders Risk
- Deductible Buyback
- Earthquake
- Excess and Surplus Property
- Commercial Flood
- Political Violence
- Windstorm Risk
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
Meet the leader
Jon Knouse, Chief Property Officer. Contact via email or LinkedIn.
- Jon Knouse, Chief Property Officer
Resources
Supporting Resources
Detailed Comparison
Modular Coverage Flexibility
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:
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.