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Riskmasters Service Approach

 Homebuilder Insurance Programs
Riskmasters has extensive experience working with clients in the construction field, in particular, leading national homebuilders. We work with clients to develop unique insurance programs or products designed to solve specific needs. Then we assist clients in implementing programs throughout their organizations.
 
 
 General Liability Program
One of our most successful current programs is a General Liability program to be used by a Homebuilder to assist uninsured or inadequately insured subcontractors comply with the builder's insurance requirements. While Builders always seek to contract with Insured Subcontractors, the current economic building boom has resulted in a shortage of established subcontractors who can provide evidence of insurance to meet stipulated requirements. This program helps you contract with qualified subs whose only shortcoming is the lack of required general liability insurance.

Builders are often concerned with maintaining current subcontractor certificates of insurance, as well as understanding the specific nature of insurance purchased by subs. Builders also have no way of knowing whether prior claims will impair insurance limits shown on certificates or what insurance is maintained by inactive subs. Our General Liability Program for Subcontractors is specifically designed to assist Builders with managing the risks associated with Subcontractors.
 
 
 Highlights of our general liability program:
  • Voluntary participation

  • Consistency in coverage terms

  • Limits that meet contractual requirements

  • Simple monthly reporting procedure

  • Insurance applies only at builder's jobsites

  • Completed operations liability for additional insured

  • Premiums deducted from work-in-progress payments

  • Completed operations insurance options for inactive subs

  • New subcontractors easily added

  • Training and assistance to administrative field personnel

Other Homebuilder Programs: Certificate Tracking, Worker's compensation, Builder's Risk

Other Builder Services: Risk Management Outsourcing

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