Insurance Specialty Group (“ISG”) has underwriting authority under Managing General Agency contracts to provide Commercial General Liability (“CGL”) and Builders Risk Insurance to residential and commercial general and trade contractors through a program called the Asset Protection Program (“APP”).
In addition, ISG has underwriting authority to provide Forced Place Property, CGL and Builders Risk Insurance to banks, investors and builders who have acquired residential and commercial property which was foreclosed due to default of construction loans. This program is called the Real Estate Asset Protection Program (“REPP”) and the properties insured under the REPP include completed and partially-completed properties and developed and undeveloped land. ISG currently handles the exposures for all of the real estate owned by the 8th largest bank in the United States as well as other major investor and builder clients.
The APP and REPP provide unmatched protection through the combination of broad commercial general liability insurance and a framing /foundation structural warranty, available on both new home and commercial properties. Warranty products are provided by Home Buyers Warranty “HBW” (the leader in framing and foundation warranties for 30 years) through a strategic alliance with ISG. The strategic alliance between HBW and ISG makes it possible to provide builders and investors with critical risk management processes and the advantages of a written warranty contract. Contracts, including the warranty contract, help to avoid the undesirable consequences of tort claims and Implied Warranty Laws. The expertise which ISCG possesses in this area is revolutionary, and is uniquely conveyed through the use of our company’s “blue prints,” which visually depict the solution strategies of APP and REPP.
Why CHOOSE Insurance Specialty Construction Group?
By choosing ISG, a unique partnership will be established. Our company tagline, “A Trusted Partner in Your Success,” depicts our level of commitment. As your partner, we will provide you with expertise, integrity, and well-respected market connections. We will partner with you to overcome your insurance market challenges and increase your profitability.
Knowledge, Experience, Technology:
• ISG has a seasoned team of construction underwriters who can service retail agents located throughout the United States.
• ISG has underwriting contracts with “A” rated insurance companies who can deliver broad and competitive builders’ risk and liability programs for residential and commercial general and trade contractors.