Vikco Builder’s Risk introduces MGA programme for construction industry insurance

Vikco Builder’s Risk, a division of Vikco Insurance Services and supported by K2 Insurance Services, has officially introduced its Managing General Agent (MGA) programme focused on providing excess and surplus lines Builder’s Risk Insurance.

This programme combines extensive underwriting expertise and strategic partnerships to offer customised insurance solutions tailored to the construction industry.

Developed in collaboration with TruStage, a US domestic market, and Lloyd’s, the Vikco Builder’s Risk programme delivers robust capacity of up to $20 million for all construction types.

It provides critical CAT (catastrophic) coverage ranging from $5 million to $10 million, including Tier 1 Named Windstorm, California Earthquake, and Special Flood Hazard Areas. Policies are written on non-admitted paper with a rating of A- (Excellent) or higher from AM Best.

Target projects span a wide range of sizes and scopes, from less than $1 million to over $100 million. The programme accommodates various construction types, including ground-up new builds, prior starts, four-wall projects, as well as utility and infrastructure developments.

“We’re thrilled to launch Vikco Builder’s Risk in partnership with such great industry leaders,” added Kaileigh Bowe, Executive Vice President of Vikco Insurance Services.

“This programme reflects our commitment to delivering the underwriting excellence, customer-focused solutions, and long-term stability that define Vikco and K2 in the US construction market.”

“TruStage™ Specialty Commercial Programs are designed to help niche markets and businesses protect what matters most,” said Stafford Chisholm, Vice President of P&C Programs at TruStage Specialty Insurance Company.

“We are proud to partner with Vikco and K2 Insurance Services, whose deep expertise in Builder’s Risk underwriting makes them an ideal partner for the construction industry. This collaboration aligns perfectly with our commitment to expanding our Program Business portfolio and delivering long-term value to our clients.”

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