Builder's risk
US Assure (Zurich Builders Risk)
US Assure is a Jacksonville, Florida program administrator that gives insurance agents and brokers access to the Builders Risk Plan insured by Zurich. It has worked in builders risk for nearly 50 years and distributes only through agents and brokers, not directly to property owners.
Coverage spans new construction, remodeling and installation projects, residential and commercial, and the builders risk policy covers projects valued up to $75 million. Agents quote and issue most projects through a proprietary online platform that also handles policy servicing, invoices and commission statements around the clock. Alongside builders risk, the company provides access to contractors equipment, premises liability, rental home and vacant structure coverage from A-rated carriers, with no minimum commitment and access the same day an agent registers.
US Assure sits within the Ryan Specialty Underwriting Managers division of Ryan Specialty (NYSE: RYAN). It has more than 160 employees, works with 30K agents and brokers nationally, and reports that its service center handles 400K+ calls a year with more than 90% resolved at the first point of contact. Its specialists hold designations such as CPCU, CISR, CIC and AU, and team members average nine years with the company.
Eligibility, endorsements and coverage dates depend on the project. Confirm the appetite guide and the policy form with an appointed agent before assuming a risk qualifies.
Best for
Insurance agents and brokers placing course-of-construction coverage for contractors, homeowners, developers and owners, including large commercial projects. Property owners cannot buy direct; the coverage is placed through an appointed agent.
What they do
- Builders risk insurance insured by Zurich
- New construction course-of-construction coverage
- Remodeling and renovation coverage
- Installation floater
- Contractors equipment insurance
- Premises liability
- Rental home insurance
- Vacant structure insurance
- Online quoting, issuance and policy servicing
Details
| Attribute | Value |
|---|---|
| Ownership | Subsidiary |
| Team size | 51-200 employees |
What stands out
- The builders risk policy offers coverage for projects valued up to $75 million.
- Sits within the Ryan Specialty Underwriting Managers division of Ryan Specialty (NYSE: RYAN).
- Has more than 160 employees and works with 30K agents and brokers nationally.
- Reports 400K+ calls handled by its service center annually, with 90%+ resolved at first contact.
- Team members average nine years with the company, holding designations such as CPCU, CISR, CIC and AU.
Common questions
- What is builders risk insurance?
- Builders risk insurance, also called course of construction insurance, protects a person's or organization's insurable interest in materials, fixtures and 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.
- What does a builders risk policy cover?
- Depending on the coverages selected when the policy is issued, the Builders Risk Plan insured by Zurich can respond to exposures such as theft, fire, materials in transit, back-up of sewers, flood and earthquake, with endorsements available to tailor a residential or commercial policy.
- Who buys builders risk insurance?
- Contractors, business owners, homeowners and financial institutions are the usual buyers. Depending on the terms of the construction contract, either the contractor or the project owner is required to purchase the coverage. A standalone builders risk policy does not cover workplace injuries or general liability.