Fill - Free fillable App Commercial Builders Risk USLI.indd PDF form

page 1 of 3BRE 7/14 – USLI

CARRIER:

Builder’s Risk Product – New Construction Application

PLEASE COMPLETE ALL SECTIONS OF THIS APPLICATION AND HAVE SIGNED BY THE APPLICANT.

1. Name and address of applicant: ___________________________________________________________________________________

_____________________________________________________________________________________________________________

2. Form of business: q Individual q Corporation q Partnership q LLC q Other ___________________________

3. Interest of applicant: q Owner q Contractor q Other ________________________________________

4. Inspection contact name: _________________________________ E-mail: __________________ Web site: ______________________

Inspection contact phone number: __________________________________________________________________________________

5. Is this a single building? q Yes q No

6. Complete location address of project to be covered (complete a separate application for each location):

_____________________________________________________________________________________________________________

7. Description of project: ___________________________________________________________________________________________

_____________________________________________________________________________________________________________

Number or stories: _____________________________________________________________________________________________

8. Is this ground up construction? q Yes q No

(If “No”, complete our Building Renovation Application)

9. Is this a modular home project? q Yes q No

10. Has any construction work started yet? q Yes q No

(If “Yes”, risk is ineligible)

11. Construction

 q Frame or brick veneer q Masonry noncombustible q Noncombustible

q Joisted masonry q Fire resistive

12. Protection class (check): q 1 q 2 q 3 q 4 q 5 q 6 q 7 q 8 q 9 q 10

13. Final construction cost (limit desired): $ _______________________ Square footage __________________________________

Deductible desired: $ _______________________

14. Time needed to complete project: ______________ Policy term desired: q 3 months q 6 months q 9 months q 12 months

15. Contractor Name/Address: ________________________________________________________________________________________

_____________________________________________________________________________________________________________

16. Has applicant or majority partner filed for bankruptcy in the past five years? q Yes q No

17. Is project on filled land or does any demolition need to be done prior to construction? q Yes q No

18. Does the project include any large open atriums equaling three stories or more? q Yes q No

19. Does the project include any tandem crane lifts, high values being lifted by a single crane, underground

or waterborne exposures? q Yes q No

20. Does the project include any lift-slab or tilt-up construction methods? q Yes q No

21. Does the scope of the project include work on airport hangers, antennas, barns, bridges, dams, tunnels,

inflatable or bubble buildings, greenhouses, silos, mobile homes, waste water treatment plants, chemical/

petroleum/energy/co-generation facilities, tanks, radio, TV or communication towers, signs, underground or

waterborne exposures, warehouse or distribution centers over 100,000 square feet? q Yes q No

22. Will the project site be protected by a fence? q Yes q No

(If “Yes”, this will be a policy warranty)

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BRE 7/14 – USLI

23. Will the watchman be on premises during non-working hours? q Yes q No

(If “Yes”, this will be a policy warranty)

24. Is soft cost coverage desired? q Yes q No

If “Yes”, show a limit for any of the following: _________________________________________________________________________

25. Mortgagee or loss payee (name and address): ________________________________________________________________________

_____________________________________________________________________________________________________________

26. Policy effective date: ____________________________________________________________________________________________

FRAUD STATEMENTS

Alabama, Arkansas, District of Columbia, New Mexico, Rhode Island and West Virginia: Any person who knowingly presents a false or fraudulent claim

for payment of a loss or benefit or knowingly presents false information in an application for insurance is guilty of a crime and may be subject to fines and

confinement in prison.

Colorado Fraud Statement: It is unlawful to knowingly provide false, incomplete, or misleading facts or information to an insurance company for the purpose

of defrauding or attempting to defraud the company. Penalties may include imprisonment, fines, denial of insurance and civil damages. Any insurance company

or agent of an insurance company who knowingly provides false, incomplete, or misleading facts or information to a policyholder or claimant for the purpose of

defrauding or attempting to defraud the policyholder or claimant with regard to a settlement or award payable from insurance proceeds shall be reported to the

Colorado division of insurance within the department of regulatory agencies.

Florida Fraud Statement: Any person who knowingly and with intent to injure, defraud, or deceive any insurer files a statement of claim or an application

containing any false, incomplete, or misleading information is guilty of a felony of the third degree.

Kansas Fraud Statement: Any person who, knowingly and with intent to defraud, presents, causes to be presented or prepares with knowledge or belief that

it will be presented to or by an insurer, purported insurer, broker or any agent thereof, any written statement as part of, or in support of, an application for the

issuance of, or the rating of an insurance policy for personal or commercial insurance, or a claim for payment or other benefit pursuant to an insurance policy

for commercial or personal insurance which such person knows to contain materially false information concerning any fact material thereto; or conceals, for the

purpose of misleading, information concerning any fact material thereto commits a fraudulent insurance act.

Maine Fraud Statement: It is a crime to knowingly provide false, incomplete or misleading information to an insurance company for the purpose of defrauding

the company. Penalties may include imprisonment, fines or a denial of insurance benefits

Maryland Fraud Statement: Any person who knowingly or willfully presents a false or fraudulent claim for payment of a loss or benefit or who knowingly or

willfully presents false information in an application for insurance is guilty of a crime and may be subject to fines and confinement in prison.

New Jersey Fraud Statement: Any person who includes any false or misleading information on an application for an insurance policy is subject to criminal and

civil penalties.

New York Fraud Statement: Any person who knowingly and with intent to defraud any insurance company or other person files an application for insurance

or statement of claim containing any materially false information, or conceals for the purpose of misleading, information concerning any fact material thereto,

commits a fraudulent insurance act, which is a crime and shall also be subject to a civil penalty not to exceed five thousand dollars and the stated value of the

claim for each such violation.

Oklahoma Fraud Statement: WARNING: Any person who knowingly, and with intent to injure, defraud or deceive any insurer, makes any claim for the proceeds

of an insurance policy containing any false, incomplete or misleading information is guilty of a felony.

Oregon Fraud Statement: Notice to Oregon applicants: Any person who, with intent to defraud or knowing that he is facilitation a fraud against an insurer,

submits an application or files a claim containing a false or deceptive statement may be guilty of insurance fraud.

Kentucky, Pennsylvania AND Ohio Fraud Statement: Any person who knowingly and with intent to defraud any insurance company or other person files an

application for insurance or statement of claim containing any materially false information or conceals for the purpose of misleading, information concerning any

fact material thereto commits a fraudulent insurance act, which is a crime and subjects such person to criminal and civil penalties.

Tennessee, Virginia and Washington Fraud Statement: It is a crime to knowingly provide false, incomplete or misleading information to an insurance company

for the purpose of defrauding the company. Penalties include imprisonment, fines and denial of insurance benefits.

Fraud Statement (All Other States): Any person who knowingly presents a false or fraudulent claim for payment of a loss or benefit or knowingly presents false

information in an application for insurance is guilty of a crime and may be subject to fines and confinement in prison.

STATE NOTICES

Arizona Notice: Misrepresentations, omissions, concealment of facts and incorrect statements shall prevent recovery under the policy only if the

misrepresentations, omissions, concealment of facts or incorrect statements are; fraudulent or material either to the acceptance of the risk, or to the hazard

assumed by the insurer or the insurer in good faith would either not have issued the policy, or would not have issued a policy in as large an amount, or would not

have provided coverage with respect to the hazard resulting in the loss, if the true facts had been made known to the insurer as required either by the application

for the policy or otherwise.

Soft Cost Item Limit Desired

Interest expense on money the insured borrows to finance construction

or reconstruction

Real estate or property taxes $

Advertising and promotional expense $

Insurance expense $

Commissions, legal and accounting costs and fees and administrative expenses

incurred as a result of a necessary renegotiating of a lease or leases

Architectural fees, building inspection and permit fees and charges $

Storage charges $

Survey costs $

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Florida Surplus Lines Notice: (Applies only if policy is non-admitted) You are agreeing to place coverage in the surplus lines market. Superior coverage may be

available in the admitted market and at a lesser cost. Persons insured by surplus lines carriers are not protected under the Florida Insurance Guaranty Act with

respect to any right of recovery for the obligation of an insolvent unlicensed insurer.

Florida and Illinois Punitive Damage Notice: I understand that there is no coverage for punitive damages assessed directly against an insured under Florida

and Illinois law. However, I also understand that punitive damages that are not assessed directly against an insured, also known as “vicariously assessed

punitive damages”, are insurable under Florida and Illinois law. Therefore, if any Policy is issued to the Applicant as a result of this Application and such Policy

provides coverage for punitive damages, I understand and acknowledge that the coverage for Claims brought in the State of Florida and Illinois is limited to

“vicariously assessed punitive damages” and that there is no coverage for directly assessed punitive damages.

Maine Notice: The insurer is not permitted to withdraw any binder once issued, but a prospective notice of cancellation may be sent and coverage denied for

fraud or material misrepresentation in obtaining coverage. A policy may not be unilaterally rescinded or voided.

Minnesota Notice: Authorization or agreement to bind the insurance may be withdrawn or modified only based on changes to the information contained in this

application prior to the effective date of the insurance applied for that may render inaccurate, untrue or incomplete any statement made with a minimum of 10

days’ notice given to the insured prior to the effective date of cancellation when the contract has been in effect for less than 90 days or is being canceled for

nonpayment of premium.

Ohio Representation Statement: By acceptance of this policy, the Insured agrees the statements in the application (new or renewal) submitted to the company

are true and correct. It is understood and agreed that, to the extent permitted by law, the Company reserves the right to rescind this policy, or any coverage

provided herein, for material misrepresentations made by the Insured. It is understood and agreed that the statements made in the insurance applications

are incorporated into, and shall form part of, this policy. THE INSURED UNDERSTANDS AND AGREES THAT ANY MATERIAL MISREPRESENTATION

OR OMISSION ON THIS APPLICATION WILL ACT TO RENDER ANY CONTRACT OF INSURANCE NULL AND WITHOUT EFFECT OR PROVIDE THE

COMPANY THE RIGHT TO RESCIND IT.

Utah Punitive Damages Notice: I understand that Punitive Damages are not insurable in the state of Utah. There will be no coverage afforded for Punitive

Damages for any Claim brought in the State of Utah. Any coverage for Punitive Damages will only apply if a Claim is filed in a state which allows punitive or

exemplary damages to be insurable. This may apply if a Claim is brought in another state by a subsidiary or additional location(s) of the Named Insured, outside

the state of Utah, for which coverage is sought under the same policy.

If your state requires that we have information regarding your Authorized Retail Agent or Broker, please provide below.

Retail agency name:____________________________________________________ License #: ________________________________________________

Agent’s signature:______________________________________________________ Main agency phone number: _________________________________

(Required in New Hampshire)

Agency mailing address: __________________________________________________________________________________________________________

City: _______________________________________________________________________ State:__________________ Zip: ______________________

The signer of this application acknowledges and understands that the information provided in this Application is material to the Insurer’s decision to provide the

requested insurance and is relied on by the Insurer in providing such insurance. The signer of this application represents that the information provided in this

Application is true and correct in all matters. The signer of this Application further represents that any changes in matters inquired about in this Application occurring

prior to the effective date of coverage, which render the information provided herein untrue, incorrect or inaccurate in any way will be reported to the Insurer

immediately in writing. The Insurer reserves the right to modify or withdraw any quote or binder issued if such changes are material to the insurability or premium

charged, based on the Insurer’s underwriting guides. The Insurer is hereby authorized, but not required, to make any investigation and inquiry in connection with

the information, statements and disclosures provided in this Application. The decision of the Insurer not to make or to limit any investigation or inquiry shall not be

deemed a waiver of any rights by the Insurer and shall not estop the Insurer from relying on any statement in this Application in the event the Policy is issued. It is

agreed that this Application shall be the basis of the contract should a policy be issued and it will be attached and become a part of the Policy.

Applicant’s signature: ______________________________________________________________________ Title: ___________________________________

President, Chairperson of the Board, Managing Member, or Executive Director

Date:_____________________________________________________

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