Builder’s Risk
Foray Specialty has launched a Frame Builder’s Risk program in partnership with major USA and Lloyd’s of London insurers. This program offers market-leading capacity and flexibility for frame builder’s risk projects, including those with catastrophe exposures. Smaller limits are available through other partner markets, and our superior construction market capacity is continually expanding.
Why Foray?
Foray Specialty stands out by providing extensive capacity and adaptable solutions for frame builder’s risk projects. Our partnerships with top insurers ensure we can handle projects with significant exposure to catastrophes. Additionally, our continually expanding market capacity ensures that we can meet the diverse needs of our clients.
Program Targets
Large, frame – driven ground up construction(on slab, podium, garden-style, etc.)
- Specifically focused on habitational projects, but many types considered
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USD 30M minimum TIV for Program (Combined Hard Costs & Soft Costs)
- Up to USD 120m of available capacity depending on project specifications.
- Primary & Quota Share Capabilities
- Up to 36 months standard, with ability to consider longer projects
Extensions
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Cargo & Delay-in-start up insurance
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Project Policies WRAP, OCIP, CCIP
- Industrial, Commercial, & Residential Transportation Risks (Auto Liabilities, Auto Physical Damage)
- Inland Marine Risks
- (Cranes, Equipment, etc.)
Target Projects –
Frame and Superior Construction
Habitational
Hotels/Motels
C-Stores
Storage Units
Manufacturing
Schools/Hospitals
Cargo & Stock Throughput