Intact offering builders risk product

Intact Insurance Specialty Solutions, the marketing brand for the insurance company subsidiaries of Intact Insurance Group USA LLC, Thursday said it would offer a quota share builders risk product with $100 million in capacity per construction project, on a lead or follow basis.

Designed for general contractors, owners and developers, the coverage is available in over 40 states on admitted paper, Intact said in a statement.

Capacity above $100 million can be considered on a case-by-case basis, the statement said.

Inquiries about builders risk insurance for wood frame projects should be directed to managing general agent Striior Insurance Solutions, a wholly owned subsidiary of Intact Insurance Group USA LLC.