Meet the 5-Star Construction 2023 awardees

Setting the bar for delivering industry-leading service to brokers nationwide differentiates the {industry}’s 5-Star Construction carriers from their rivals. IBA’s awardees for 2023 have confirmed their capabilities by providing distinctive discipline fashions, superior customer support, and franchise worth.  

Brokers’ evaluation revealed that the highest elements of canopy when putting development insurance coverage insurance policies are industrial common legal responsibility, umbrella coverage, builder’s danger or course of development, and staff’ compensation. The report reveals that 77% of brokers see their development insurance coverage quantity rising this yr.   

Industry specialists additionally highlighted the significance of leveraging an built-in world strategy, using a particular complicated development group, and providing numerous protection.   

Selective Insurance, one of many winners, recorded 81% of its whole internet premiums written from industrial strains. The firm has demonstrated its means to supply customary industrial insurance coverage in 30 states and successfully served the wants of tens of hundreds of common, heavy, and commerce contractors.    

“Coverage is table stakes to compete and be successful in this industry,” stated James Albi, Selective Insurance’s assistant vp. “Insurance companies differentiate themselves through their relationships with brokers and customers, expertise, and value-added risk management services.” 

Read the report to be taught extra concerning the IBA 5-Star Construction carriers in 2023.