Red Bank, New Jersey, September X, 2019 – Rokstone Construction Risk Underwriters, Ltd. (Rokstone CRU), a specialty MGU focusing on Casualty and Builder’s Risk insurance products and services, today announced that it has launched a new General Liability (GL) insurance program for owners and contractors of large construction projects in the United States. The Primary Insurance Program was developed to provide in-depth underwriting expertise, wide-ranging coverage, and detailed claims and risk engineering services for project specific insurance and Controlled Insurance Programs. Capacity is available on a non-admitted basis nationwide with HDI Global Specialty SE a Standard & Poor’s (S&P) A+ (Stable) and A.M. Best A (Stable) rated carrier.
Rokstone CRU’s Chief Executive Mike Pilla says, “We are excited about the launch of our first product, a new General Liability (GL) insurance program. Our business model is structured around a sophisticated team of tenured underwriters who are some of the Industry’s foremost construction experts. They will work closely with Retail Brokers and their clients to create customized Insurance products. All our products will be supported by Risk Engineering, Claims Advocacy, and Proprietary Analytics. Look for more product launches as we are rapidly expanding.”
Construction projects are historically complex and after factoring in today’s technology and innovation, the complexity of those same projects has grown exponentially. Michael Simone, President of Rokstone CRU, says “At Rokstone CRU, our goal is to make the insurance procurement process less complicated, less time consuming and more inclusive so that owners and contractors can focus on construction, scheduling, productivity and safety. We recognize the challenges and requirements our customers face which allows us to deliver the most enhanced underwriting platform and service intensive products available.” Rokstone CRU’s General Liability Program is available to our select retail distribution partners and offers terms from 1 to 5 years in duration. Minimum CV is $50M and minimum deductibles(s) and/or SIRS start at $25K.
For more information about Rokstone CRU and its new General Liability Program for owners and contractors of complex construction risks, contact Michael Simone, President of Rokstone CRU at Michael.Simone@Rokstonecru, call 732.945.6628 or visit www.rokstonecru.com