The Navigators Management Company, the principal underwriting agency subsidiary of The Navigators Group, has reintroduced its Excess Wrap Up product. This program provides additional layers of liability protection for most types of construction risks.
Excess coverage with limits up to $10 million is available for custom home developments, as well as mixed-use commercial and residential and selected commercial projects.
Policies are limited to eligible risks subject to Navigators’s underwriting evaluation. Customers should consult their insurance broker for underwriting requirements and eligibility, and review the policy for actual coverage, limitations, restrictions, exclusions, terms and conditions.
Coverage is underwritten by the Navigators Insurance Company and the Navigators Specialty Insurance Company.
Jeff Saunders, president of excess casualty division of the Navigators Management Company, said: Construction wrap up policies have become the preferred method for insuring construction projects. However, many developers and contractors increasingly require higher limits. Navigators’s Excess Wrap Up product can serve as a safety net providing additional limits of liability in excess of the primary policy limits.