General Contractors + Subcontractors Default (CapAssure)
XL Catlin offers a collaborative builder’s risk insurance solution to performance risk on private construction projects.CapAssure uses a two-part insurance policy to protect construction owners from the risk of default by general contractors and to protect general contractors from the risk of default by subcontractors (SDI).

Product details


Coverage A
– A percentage of the overall value of the construction contract, up to USD 25 million

Coverage B(SDI)
Per loss: up to USD 50 million
Policy aggregate: USD 150 million


– Provided on a project enrollment basis
– General contractor also shares in the risk through a deductible or retrospectively rated structure

Coverage A
– Covers project owners for economic loss incurred as a result of a default of performance of the general contractor, including both direct and indirect costs
– Third-party builder’s risk insurance coverage with the project owner as the loss payee
– Covers direct and indirect cost to complete the general construction scope of work
– Loss sensitive, with the loss payee retaining a portion of the risk
– General contractor also shares in the risk through a deductible or retrospectively rated structure

Coverage B
– Covers general contractors or construction managers economic loss incurred by a caused by a default of performance of their subcontractor(s), including both direct and indirect costs.
– First-party builder’s risk insurance coverage
– Covers direct and indirect costs
– Loss sensitive, with the general contractor retaining a portion of the risk

Client Profiles

Large, private North American construction companies

Typical Information Required

– Completed application
– Most recent three years annual audited financial statements

Benefits & Services

– Risk engineering consultation, training and best practices
– Dedicated claims services for builder’s risk insurance clients

Information & Research

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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