Builder's Risk

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
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• Comprehensive American Association of Insurance Services (AAIS) coverage forms
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• Offered on a ground-up (100% written) - primary, excess, and quota share basis
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• Rehabilitation/renovation projects involving non-structural/minor structural work
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• Delay in completion coverage available for soft costs and rental and business income
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• 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

Contact

URL: https://www.safehold.com/insurance-programs/builders-risk/

Equipment

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
• Admitted, A.M. Best "A+"
• Territory - National

Coverages:

• All Risk-including Theft
• ACV
• 80% Coinsurance
• Debris Removal
• Deductibles - Options of $ 500 and up
• Many coverage available by endorsement

Contact

URL: https://www.safehold.com/programs/equipment.aspx

Self Storage

TRADITIONAL & MOBILE

Safehold offers a custom commercial insurance program for Self-Storage owners and operators.

Features:

• Low minimum premiums
• Competitive rates including discounts for association membership, protective devices and multiple locations
• Wind Capacity
• Pricing Flexibility
• Small & Large Accounts
• "One Stop Shopping"
• Admitted, A.M. Best "A+"
• Territory - National

Coverage:

• Self-Storage Business Owners Coverage Form
• Special Cause of Loss - Subject to exclusions & limitations

Property Features:

• Blanket Building & Personal Property
• Replacement cost
• Business Income & Extra Expense
• Accounts Receivable- $25,000*
• Business Computer Coverage - $25,000*
• Debris Removal- $25,000*
• Money & Securities- $10,000* on premises/ $2,000 off premises
• Ordinance or Law Coverage- $100,000
• Outdoor Signs- $10,000*
• Pollution Clean-up- $25,000*
• Trees, Shrubs and Plants- $500 per tree, shrub or plant
• Valuable Papers & Records- $25,000*

* These limits may be increased for additional premium

Contact

URL: https://www.safehold.com/programs/selfstorage.aspx

Commercial Agriculture

Our Commercial Agriculture program offers an ISO-based program for agents specializing in Commercial Agriculture Processing. Available through select appointed agencies only.

Coverages

• Property
• General liability
• Crime
• Commercial auto
• Inland marine
• Umbrella

Classes

• Fruit and vegetable distributing
• Feed, grain, or hay dealers
• Feed manufacturing
• Fertilizer dealers and distributors
• Seed manufacturing
• Food products manufacturing
• Produce handling or packing
• Grain elevator operations
• Fruit or juice manufacturing
• Cotton gins

Contact

URL: https://www.safehold.com/programs/commercialagriculture.aspx

Forest Products

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
• Pole Yards
• Miscellaneous wood product operations
• Wholesale/Retail Lumber Sales
• Building Material Dealers

Contact

URL: https://www.safehold.com/programs/forestproducts.aspx

Metalworkers

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
• Specialized loss control/risk management services

Coverages

• Property
• Casualty
• Workers’ compensation
• Business income
• Product liability
• Auto
• Umbrella

Contact

URL: https://www.safehold.com/programs/metalworkers.aspx

Workers’ Compensation

Features:

• Admitted, A.M. Best "A-" or Better Ratings
• Experience Mods up to 1.79.
• Shock Losses are considered
• Monoline Workers Compensation
• Employers Liability up to $1,000,000

Ineligible classes include:

• PEO's, Staffing or Employee Leasing
• Paper General Contractors
• Project Managers
• Roofing Contractors
• Boat Cruises and Water Taxis
• Hospitals, Hospice, Traveling Nurses, Assisted Living Facilities, Convalescent or Nursing Homes, Group Homes
• First Responders- Police, Fire, and Paramedics

Other classes of business may vary by state.

• Minimum policy premium-$2,500-$10,000
• DEDUCTIBLE-Statutory deductibles as approved by the State

Contact

URL: https://www.safehold.com/programs/workerscompensation.aspx

Sports and Entertainment

Eligible Exposures:

• Ice rinks
• Athletic and sports clubs
• Health and fitness chains
• Exercise facilities
• Racquet and tennis facilities

Coverages:

• General liability
• Building and property
• Equipment breakdown
• Participant liability
• Pollution liability
• Professional liability
• Excess liability
• Workers’ compensation

Contact

URL: https://www.safehold.com/programs/sportsandfitnessfacilities.aspx

Motorsports

Program Description

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.

Contact

URL: https://www.safehold.com/programs/motorsports.aspx

Venues

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.

Coverage

• General liability
• Tenant user liability insurance policy (TULIP)
• Liquor liability
• Property and loss of business income
• Equipment breakdown (boiler and machinery)
• Workers’ compensation
• Excess liability

Venues

• Sports venues
• Convention centers
• Amphitheaters
• Performing arts centers and theaters
• Stadiums
• Auditoriums
• Horse and dog tracks

Contact

URL: https://www.safehold.com/programs/venues.aspx

Digital Risk and Cyber Liability

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

Contact

URL: https://www.safehold.com/programs/digitalrisk.aspx

Wind Deductible Buy Back

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
• Maximum TIV of $50 million in Florida

Contact

URL: https://www.safehold.com/programs/winddeductible.aspx

Natural Disaster Protection

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

Contact

URL: https://www.safehold.com/programs/naturaldisaster.aspx