Victor teams with BHSI to expand builders risk & contractors equipment offerings

Global managing general underwriter Victor has entered into an agreement with Berkshire Hathaway Specialty Insurance (BHSI) to expand coverage capacity for its US builders risk and contractors equipment offerings, effective immediately.

As part of the agreement, Victor explained that its builders risk program will be able to offer increased coverage maximums of up to $8 million for frame and joisted masonry, and up to $15 million for non-combustible building projects.

In addition, the firm has doubled the coverage maximum under its recently launched contractors equipment insurance product to $10 million.

BHSI has reportedly been providing capacity for Victor’s builders risk program since 2021 and collaborated with Victor to bring the contractors equipment product to market in 2023.

Jeff Benson, Vice President and Program Manager, Victor, said: “We are proud of our growing relationship with BHSI, which is centered on applying Victor’s specialized underwriting expertise to protect clients against existing and emerging risks in the construction industry.

“This new capacity arrangement reflects our dedication to empowering brokers and their clients by delivering high quality insurance solutions that help them thrive through changing market conditions.”

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