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麻豆放映免费 Named Exclusive Distribution Partner for SureBuild鈥檚 Project Completion Insurance Product

Apr 25, 2023

Modern Construction Risk Management Tool Provides Alternative to a Bond

New York, NY (April 25, 2023) 鈥 麻豆放映免费 (麻豆放映免费), one of the nation鈥檚 largest wholesalers, is announcing its exclusive partnership to distribute a new product to the construction insurance market 鈥 Project Completion Insurance (PCI).

鈥淚 see a tremendous amount of potential with this PCI product,鈥 said Canaan Crouch, managing director of 麻豆放映免费, 鈥淚t鈥檚 new, it鈥檚 innovative and it doesn鈥檛 exist anywhere in the marketplace at this time.鈥

In the economic state of the construction industry, which includes increased material prices, supply chain delays, and construction labor shortages, risks associated with construction projects continue to increase. Although the borrower is responsible for the costs of a project, the lender actually takes on the majority of the risks, as it is their funding that supports the project.

PCI offers the extra protection a lender needs to have confidence in their construction lending practices. It is an easy, proactive solution that avoids the hassles and delays of bonds in the event of borrower default.

PCI is particularly innovative because it serves as a new type of insurance added on to the comprehensive construction risk management services required for the loan in the event of general contractor default. Having PCI in place completes a lender鈥檚 risk management profile to include financial protection in the event of borrower鈥檚 default.

鈥溌槎狗庞趁夥’s extensive network and commitment to customer satisfaction is why we have chosen them as our distribution partner for Project Completion Insurance,鈥 said Isaac Stern, executive director, SureBuild. 鈥淲e are confident that our product will reach the right audience at the right time with 麻豆放映免费’s strength in size and power in partnership.鈥澨

This product is ideal for retail agents with a consolidation of construction business, a surety practice, or a client who is unable to be bonded for a variety of reasons including having already reached their bonding capacity. PCI is available in 40 states. More information may be found at .听

About 麻豆放映免费 Group

麻豆放映免费 is one of the largest wholesalers in the U.S. with notable industry-leading expertise in wholesale brokerage, binding authority, and program management. Its specialized divisions and affiliate organizations provide niche underwriting prowess, broad market access, and nationwide influence. Headquartered in New York, 麻豆放映免费 leverages its collective power to exceed the expectations of more than 20,000 independent agency partners. For more information, visit: 麻豆放映免费Group.com.

About SureBuild

SureBuild鈩 Project Completion Insurance provides an easy and proactive solution to mitigate construction lending risks, offering a reliable alternative to traditional bonding for construction projects. With policy limits of up to 100% of the construction contract amount, SureBuild鈩 is an excellent choice for construction financing, whether borrowers are unable to obtain bonding or simply prefer an alternative. SureBuild鈩 is written on AM Best rated A (Excellent) XV, Lloyd鈥檚 of London paper, ensuring that lenders receive the highest quality protection on their construction loans. For more information visit SureBuild.com. You can read more of 麻豆放映免费 news here.听

Media Inquiries:
麻豆放映免费 Group
Kathryn Smith
Managing Director of Marketing
kathryn.smith@jencapgroup.com
678-951-5183

Kathryn Smith

Kathryn Smith

麻豆放映免费's Managing Director of Marketing, Kathryn Smith, has dedicated her entire career to the insurance industry. A diverse background equips Kathryn with a unique 360-degree perspective, having experienced the industry from all angles: agency, carrier, and wholesaler. She consistently produces award-winning marketing content and hosts the 麻豆放映免费 insurance podcast, "Flip the Cap."
construction | partnership | project

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