Specialized Industries - Residential Homebuilders
Putting Residential Homebuilders
In Control of Lowering Their Cost of Risk
In today’s challenging residential construction market, it’s more important than ever that you understand the insurance coverage you have. There is too much at stake.During the most recent residential boom, many insurance companies took an opportunistic posture and sold highly-exclusionary general liability coverage, charged exorbitant premiums and offered poor claims handling. This left many construction professionals questioning the kind of policy they had purchased. In addition, many insurance companies coerced builders to purchase third party home warranties which further added to the overall cost for insurance.
Builders understand that construction defect claims are not to be taken lightly which is why many have turned to Beecher Carlson for the right insurance solution. We are differentiated by our integrated approach to develop and seamlessly execute custom insurance, risk management and alternative financing programs that put residential developers and builders in control of lowering their total cost of risk.
We take pride in the fact that we understand the residential construction business and the financial risks associated with the sale of a new home. In fact, we have helped some of the largest builders in America, as well as many builders operating within a single metropolitan area, figure out the most cost effective method to manage their insurance and risk financing needs.
At Beecher Carlson, we help you navigate the complete spectrum of insurance solutions with full transparency. Each solution is custom designed for your unique level of risk tolerance and desired outcome. Whether it’s a single-parent captive for a local builder who also wants integrated excess coverage, or a wrap-up program for a multi-state builder who wants to legally sell coverage to subcontractors, we can provide a solution and get the job done right.
Beecher Carlson’s residential construction products and services include:
- Complex property and casualty
- All types of Captive insurance solutions with full integration of fronting policies, reinsurance placements and collateral structures.
- Wrap-Ups: OCIPS and CCIPs (including coverage for subcontractors)
- Environmental
- Construction defect information
- Builder's Risk (including coverage for catastrophic events like windstorm and earthquake)
- Traditional first dollar policies on an annual or project specific basis
- Policies with deductibles and self insured retentions from $50,000 to over $1,000,000.
- Excess coverage and reinsurance