Victor expands capacity for US builders risk, contractors equipment

Victor Insurance Managers LLC, a unit of Marsh LLC, said Friday it has entered into an agreement with Berkshire Hathaway Specialty Insurance to expand capacity for its U.S. builders risk and contractors equipment program.

Limits of $8 million for frame and joisted masonry and up to $15 million for noncombustible building projects will be available under the program.

Victor has also doubled the coverage maximum under its recently launched contractors equipment coverage to $10 million.

Berkshire Hathaway Specialty has provided capacity for Victor’s builders risk program since 2021.