Meet the 5-Star Development 2023 awardees

Setting the bar for delivering industry-leading service to brokers nationwide differentiates the {industry}’s 5-Star Development carriers from their rivals. IBA’s awardees for 2023 have confirmed their capabilities by providing distinctive discipline fashions, superior customer support, and franchise worth.  

Brokers’ evaluation revealed that the highest elements of canopy when putting building insurance coverage insurance policies are business normal legal responsibility, umbrella coverage, builder’s threat or course of building, and employees’ compensation. The report exhibits that 77% of brokers see their building insurance coverage quantity rising this 12 months.   

Trade specialists additionally highlighted the significance of leveraging an built-in international strategy, using a particular complicated building workforce, and providing numerous protection.   

Selective Insurance coverage, one of many winners, recorded 81% of its whole internet premiums written from business traces. The corporate has demonstrated its capacity to supply customary business insurance coverage in 30 states and successfully served the wants of tens of 1000’s of normal, heavy, and commerce contractors.    

“Protection is desk stakes to compete and achieve success on this {industry},” stated James Albi, Selective Insurance coverage’s assistant vice chairman. “Insurance coverage firms differentiate themselves by means of their relationships with brokers and prospects, experience, and value-added threat administration providers.” 

Learn the report to study extra concerning the IBA 5-Star Development carriers in 2023.