Zurich Expands Property Portfolio Protection (P3): Broader Property Insurance Form Widens Coverage Options and Flexibility for Construction Businesses

SCHAUMBURG, Ill.--(BUSINESS WIRE)-- Zurich, one of the nation’s leading insurers of construction companies, now offers its Property Portfolio Protection (P3) for the construction industry.

P3, an alternative to ISO forms, offers Zurich’s rates and language that includes more than 36 additional coverage options. The policy helps improve coverage limits for construction companies for fixed property, contractor’s equipment, installation, rigger’s liability, boiler and machinery and crime.

“Zurich anticipates construction customers will find this enhancement helps reduce gaps and overlaps in coverage,” said Seth Hausman, head of operations and profit management, Construction, Zurich North America Commercial. “P3 is designed to provide flexibility and risk management insight, tailored specifically to a customer’s needs.”

P3 offers broader risk property coverages than a traditional ISO form. The form also includes a more extensive range of automatic coverages that requires far fewer endorsements. In addition, the policy uses simplified language that minimizes traditional insurance jargon, making it easier for customers to read and understand.

For the full list of enhancements, please go to: www.zurichna.com/construction

About Zurich

Zurich in North America is a part of Zurich Financial Services Group (Zurich), an insurance-based financial services provider with a global network of subsidiaries and offices in North America and Europe as well as in Asia Pacific, Latin America and other markets. Founded in 1872, the Group is headquartered in Zurich, Switzerland and employs approximately 60,000 people serving customers in more than 170 countries, including more than 9,500 employees in North America. Risk engineering services are provided by Zurich Services Corporation.

Zurich entered the U.S. market in 1912. According to Highline Data LLC (NAIC 2008), Zurich in North America (www.zurichna.com) is the second-largest writer of commercial general liability insurance and the fourth-largest commercial property-casualty insurance company, serving the global corporate, large corporate, middle market, specialties and programs sectors. Zurich's risk engineering services in the United States are provided by Zurich Services Corporation.

Zurich, North AmericaBrett McKenzie Wood(847) 605-8826
[email protected]

Source: Zurich