Safehold Special Risk has experienced professionals in a multitude of niche markets offering a diverse set of products. Safehold Special Risk includes specialty groups and divisions that offer customized insurance programs, underwriting, systems and service from professionals with experience in each unique area. For more information about these and the other special risks we can help you cover, explore the programs we have to offer. Learn more about us, and the cost-effective and solution-focused insurance programs Safehold can help build for your clients.
Builders face significant risks from fire, weather-related damage, equipment breakdown, theft, and other construction exposures. The financial resources invested in residential, commercial, hospitality, and institutional projects can easily top millions. The Safehold Builder’s Risk Program is designed to help builders protect against financial losses due to industry risks. Whether you’re building single-family residential houses or multimillion-dollar office buildings, this program covers property damage that occurs from ground-breaking through certificate of occupancy. We create risk management programs that meet the unique needs of the construction industry.
Key Advantages
Wind Deductible Buy Back - Available for both residential and commercial properties during construction
Comprehensive American Association of Insurance Services (AAIS) coverage forms
Offered on a ground-up (100% written) - primary, excess, and quota share basis
Rehabilitation/renovation projects involving non-structural/minor structural work
Delay in completion coverage available for soft costs and rental and business income
Project-specific coverages, reporting forms, and installation floater coverages
Target Classes
Residential (1-4 family dwelling), including home builders' reporting forms
Apartments, condominiums, group homes, and assisted living facilities
Commercial (offices, mercantile, and retail)
Hospitality (hotels and motels)
Institutional (schools, hospitals, municipal, and correctional facilities)
Coverages
Fire
Theft
Vandalism
Wind, earthquake, and flood
Installation floater
Installed equipment
Permanent fencing and foundations
Debris removal
Fire department services
Trees, shrubs, and plants
Pollution cleanup
Transit
Temporary storage
Capacity
Up to $110,000,000 per risk (non-CAT) for project-specific risks – varies, based on construction type and occupancy class
Up to $1,000,000 per dwelling/$10,000,000 per occurrence for reporting forms
Our Equipment Program policies have low minimum premiums and deductibles with competitive pricing all underwritten by an expert equipment underwriting team.
Types of Equipment:
Construction - Dozers, Material Lifts, Excavators, Forklifts, Pavers, etc.
Wood Yards - Chippers, Delimbers, Loaders, Skidsteer Loaders, etc.
Sawmills- Log Splitters, Portable Sawmills, Conveyors, etc.
Forestry - Skidders, Fellerbunchers, Yarders, Skycars, etc.
Features:
Custom tailored coverages available to match exposures
Our Commercial Agriculture program offers an ISO-based program for agents specializing in Commercial Agriculture Processing. Available through select appointed agencies only.
Safehold’s Forest Products Package provides customized property and casualty coverage for loggers engaged in the commercial harvesting and/or transportation of raw wood as well as wood processing and mill operations. (Available through select agencies)
Timber Harvesting
Admitted, A.M. Best "A+"
Incidental Property Including Building and Personal Property
Auto Liability Including Hired and Non- owned
Coverage Limits - $500,000-$1,000,000 CSL
Physical Damage
Commerical GL
Wood Manufacturing Coverage
Admitted and Non-Admitted, A.M. Best "A+"
Property and Casualty Coverages
Classes
Primary Production-Mills & Manufacturers
Secondary Production-Pallet/ Fence Post Manufacturers
Harbor Risk, a division of Safehold Special Risk, Inc., can assist you with all of your marine and yacht insurance needs. We offer coverage through our key relationships with admitted and non-admitted, A.M. Best “A” rated companies
NTMA Metalworkers insurance program identifies and provides the unique coverage’s for the exposures found in Tooling and Machining operations of all kinds.
Features
Aircraft products liability for NTMA members
Property enhancement endorsement tailored to meet the coverage needs of NTMA members
General liability coverage enhancement available
Auto liability coverage enhancement available
Employment practices liability coverage available
Equipment breakdown coverage
Ability to schedule off premises customers’ goods limits as needed for plating, heat treating or other processing needs
This program provides general liability coverage for risks and exposures related to specific racing events and activities including:
Spectators
Owners and sponsors
Automobiles
Tracks and facilities
Liquor
Coverages
Participant accident coverage
General liability coverage
Excess limits
Eligible Exposures
Racetracks and motorsports facilities
Race events
Motorsports activities and operations
Sanctioning bodies and membership associations
Owners and sponsors
Car clubs
Driving and race schools
Off-track coverage
With decades of risk management experience in motorsports, we understand the industry’s unique exposures and insurance needs. As a managing general underwriter, we work on behalf of top-rated specialty carriers to handle insurance and related services to help organizers manage risk, control costs, and improve their financial positions.
We offer participant primary and excess medical coverage, as well as other benefits for drivers, crews and other participants. Our team will help you administer claims from initial notice through settlement, including investigation, critical analysis, and litigation management.
Safehold Special Risk provides you with a clear understanding of the risks involved and solutions needed to run your large venue business. Our professionals work with you to design the right insurance program at cost-effective rates to satisfy your needs.
Any entity that handles sensitive business, customer or employee information, or that relies on the secure and consistent operation of computer networks or the Internet to conduct business, could be at risk. Through the Digital Risk Program, comprehensive coverage and risk management solutions designed to mitigate risk and minimize financial loss caused by a network security or data privacy breach are provided. Our WebNet Protection® and WebNet SB® (small business) products offer broad and modular first and third party coverage.
Classes
Retail
Healthcare Services
Financial Services
Hospitality
Wholesale distribution
Professional services (such as accountants, law firms, etc.)
Insurance companies
Limits and Deductibles
Policy limit up to $30 million in our main program and $5 million in our small business program
Full limits available for crisis management, investigative expenses, and regulatory claim expenses in our main program. Sub limits available in our small business program
Deductibles starting at $5,000 for the small business program, $25,000 for our main program
Minimum premium $2,500 for the small business program, $15,000 for the main program
Wind Deductible Buy Back coverage can be written on both commercial property and property in the course of construction. Typical policy terms are 12 months for commercial property and up to 36 months for property in the course of construction.
Features
Can be written with or without annual aggregate limit
Can be written for wind or named windstorm
Eligible Construction Types
Fire resistive
Joisted masonry
Non-combustible (ISO class 3) - 10+ miles from the coastline
Masonry non-combustible
Modified fire-resistive
Terms
Property - 12 months
Commercial property in the course of construction - 36 months
Deductibles
Total Insured Value (TIV) less than $2.5 million - 1% subject to a minimum of $10,000
TIV more than $2.5 million up to $5 million - minimum of $25,000
TIV more than $5 million up to $10 million - minimum of $50,000
TIV more than $10 million - minimum of $100,000
FLORIDA: The lesser of $100,000 or 1% subject to a minimum of $50,000
Limits
$1.25 million maximum limit per occurrence, except in Florida
$1 million maximum limit per occurrence in Florida
$1 million maximum limit per occurrence in Florida
Natural disaster – a flood, earthquake, or landslide – can create a devastating financial burden on families and businesses. Our insurance professionals can help individuals and businesses protect against these disasters before a catastrophe occurs. We offer insight that can help you avoid financial pitfalls such as the coinsurance penalty
