Builder’s Risk and Installation Coverage Solutions (BRICS)
We designed and built BRICS (Builder’s Risk and Installation Coverage Solutions) as a custom-tailored coverage solution so that construction firms will have the right tool for the job, every time.

Product details


Builder’s risk insurance solutions for a broad description of Covered Property: new construction, renovation, rehabilitation, alterations or additions; installation, repairs, improvements, erection, rigging or millright; labor costs, delivery charges, change orders, and reasonable overhead and profit; and fabrication and assembly.

– Coverage is tailored through a wide variety of endorsements:
– Green Coverage
– Contingent and Difference in Conditions
– Rigger’s Liability Existing Buildings or Structures
– Soft Costs, Business Income and Extra Expense
– Permission to Occupy
– Equipment Breakdown
– Flood, Earthquake and Volcanic Eruption
– Additional solutions to address specific situations may be available upon request

Additional Coverages

When a dollar amount applies, the following Limits of Insurance can be increased in most instances:
Contract Penalty for $25,000
Debris Removal for 25% of the “loss” plus $100,000 as applicable
Extra and Expediting Expense for $50,000
Fire Department Service Charge for $25,000
Fire Protection Systems for $25,000
Increase in Construction Costs for labor, materials, supplies, equipment, or change orders incurred to repair or replace Covered Property sustaining “loss”: 10% of the “loss”, but no more than $100,000
Landscaping and Signs up to the applicable value included in the Limit of Insurance or $100,000
Limited Coverage for “Fungi”, Wet Rot and Dry Rot for $25,000* 
Loss Adjustment Expenses for $5,000
Ordinance or Law for up to the Limit of Insurance for Loss of Value and $500,000 for Demolition and Increased Cost of Construction
Pollutant Cleanup and Removal for $25,000*
Preservation of Property
Property in the Open, which is not intended to be a permanent part of the building or structure, for “loss” caused by or resulting from rain, snow, ice, or sleet, for $25,000
Property That Supports Your Business, for $50,000 including: accounts receivable; equipment used to service Covered Property; computer equipment; media; data; valuable papers; tenants, improvements and betterments; office furniture and supplies; office and construction trailers; business personal property; and other scheduled property
Reimbursement for Returning Stolen Property for $10,000*
– Reward Coverage for $5,000
Site Preparation expenses incurred to re-excavate, re-prepare the site, re-grade the land or to re-perform similar work due to “loss”, even if Covered Property has not sustained “loss”
Sewer and Drain Backup
Sinkhole Collapse
Temporary Premises for $100,000
Transit for $100,000
Temporary Structures, up to the applicable value included in the Limit of Insurance or $25,000
Testing: “Electrical”, “Mechanical”, “Pneumatic”, and “Hydrostatic”
 – Unintentional Errors and Omissions for $25,000*
Virus, Harmful Code or Similar Instruction for $10,000
Voluntary Parting for $25,000

Client Profiles

A broad range of companies in the construction businesses, including general contractors, owners, developers and specialty trade contractors in need of builder’s risk insurance.

Benefits & Services

Whether it is a single project or a reporting policy for multiple jobs, we’ve got you covered. We can insure a wide variety of occupancies under construction, including commercial, industrial, residential, and agricultural buildings and structures; infrastructure; and subcontracted work. Our builder’s risk solutions include full policy limit, primary, excess and participation using either admitted or non-admitted paper.

This general product description is informational only. It is neither an offer to sell nor a solicitation to purchase any particular insurance product. Products are subject to legal and underwriting requirements. Coverages may not be available in all jurisdictions, including without limitation any jurisdiction within the United States, and may be available only through appropriately licensed producers. In addition, GAPS’s provision of publications or services is not an indication of the existence or availability under any policy of coverage for any particular property or type of loss or damage. Policies underwritten from Bermuda, Brazil, Canada, China, Mexico, Switzerland, or written by XL Insurance Company SE are only available through non US-based brokers. The Insurance companies of XL Group Ltd are: Catlin Insurance Company, Inc., Catlin Indemnity Company, Catlin Specialty Insurance Company, Greenwich Insurance Company, Indian Harbor Insurance Company, XL Insurance America, Inc., XL Specialty Insurance Company, XL Bermuda Ltd, XL Insurance Company SE, XL Insurance Switzerland Ltd, XL Insurance (China) Company Limited, XL Seguros Brasil S.A. and XL Insurance Mexico SA de CV. Coverages placed with Lloyd’s Syndicate #2003 are managed by Catlin Underwriting Agencies Limited and supported by XL Catlin corporate capital. Additional important information regarding our business is provided on our Legal Notices page.

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