Intact Inland Marine Introduces Builders Risk Quota Share Coverage with Capacity of $100M

Intact Insurance Specialty Solutions announces a new Quota Share Builders Risk product with $100M in capacity per construction project, on a lead or follow basis. This product is available in over 40 states on admitted paper and can be purchased by general contractors, owners, and developers.

“Intact’s New Quota Share product comes at a good time for brokers and customers as we continue to see bigger and more complex construction projects that need larger levels of capacity,” said Kirk Garrett, President of Intact Inland Marine. “As a long-time player in the builders risk market, we are pleased to add options to our capacity and provide tailored solutions for these projects in nearly every state, depending on the customer’s needs.”

Kirk added, “Our Quota Share Builders Risk coverage is backed by our A+ rating.* When you combine this with a team of underwriters averaging 20 years of expertise in the construction space, we are well-positioned to collaborate with brokers and customers on the solutions they need.”

Capacity above $100M can be considered on a case-by-case basis. Those interested in builders risk insurance for wood frame projects should continue to reach out to Striior Insurance Solutions, a wholly-owned subsidiary of Intact Insurance Group USA LLC, which operates as a managing general agent.

Learn more about Intact Quota Share Builders Risk coverage.

*Intact Inland Marine is backed by the financial strength of Atlantic Specialty Insurance Company, an indirect subsidiary of Intact Financial Corporation (TSX:IFC), rated A+ by A.M. Best.