Berkshire Hathaway Specialty Insurance vs Chubb: How Do They Compare for Builders Risk Insurance?

BHSI describes primary and excess options for its Builder’s Risk products, along with single-peril and difference-in-conditions choices. ⁵Company-reported. These are marketed placement options, not a commitment to provide any layer or a statement about how a specific project is insured.

Chubb underwrites builders' risk insurance directly for commercial and residential contractors and for engineering construction such as bridges and tunnels. ¹⁰Company-reported. Builders' Risk Insurance product page.

BHSI separates its EAR and CAR target categories; it says Master Builder’s Risk is considered selectively. ⁵Company-reported. The published target categories guide submission discussions; they do not guarantee eligibility or acceptance.

Chubb targets contractors, developers, owners or homebuilders with an active construction program and a strong property-preservation management approach. ¹⁰Company-reported. Target clients section.

BHSI describes Builder’s Risk as project property coverage and lists hot testing/commissioning, delay and soft-cost features. ⁵Company-reported. U.S. product-page marketing summary; does not establish that each extension is included in every project policy.

The page describes primary and excess placements and single-peril or difference-in-conditions options alongside its all-risk product description. ⁵Company-reported. These are marketed options, not a statement that a particular quote includes them.

BHSI lists its Builder’s Risk Form, follow-form quota-share or excess forms, and broker manuscript forms as options. ⁶Company-reported. A form being listed does not establish that it will be used for a project or what its final terms contain.

Chubb offers Individual Project Builders Risk and Master Programs, difference-in-conditions coverage for selected construction projects, both physical-damage and delay-in-opening coverage, International Builders Risk for U.S. domestic clients, a portfolio of green endorsements, and contract-penalty coverage tied to a covered physical-damage loss. ¹⁰Company-reported. Coverage list; subject to the policy as issued.

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Chubb says it offers capacity in a variety of positions, including primary, full limit, quota share, buffer and excess layer, but the reviewed page does not publish specific dollar limits. ¹⁰Not found in reviewed sources. Coverage list and Benefits section.

Confirm in your quote.

Chubb offers loss-control and risk-consulting services on both a bundled and unbundled basis, with underwriters averaging more than 20 years of builders-risk experience. ¹⁰Company-reported. Coverage list Benefits section.

BHSI says underwriting may request coverage specifications, a project description, contractor loss experience and a construction schedule, among other project details. ⁶Company-reported. The guide gives examples rather than a universal or complete checklist; requirements depend on the submission.

Chubb says submissions should include a project description, statement of values, locations, limits and coverage requirements, plus a breakdown of soft costs, pro forma and period of indemnity if delay-in-opening coverage is requested. ¹⁰Company-reported. Submission requirements section.