A production ready comparative rating platform supporting course of construction and project based placement across multiple carriers
Builders Risk insurance is highly specialized and time sensitive. Rating depends on project type, construction values, location, duration, limits, deductibles, and exposure to catastrophe risk. MGAs and wholesalers often struggle to place Builders Risk efficiently due to fragmented carrier access, manual submissions, and inconsistent underwriting workflows.
Selectsys built a production-ready Builders Risk insurance rating and comparative rating platform that enables MGAs and wholesalers to rate, quote, bind, issue, and manage Builders Risk policies within a single unified system. The platform is live today and designed for program business, delegated authority, and wholesale placement models.
Builders Risk insurance rating is the process of pricing course of construction coverage based on project type, total values, location, construction duration, limits, deductibles, and catastrophe exposure.
Comparative rating allows MGAs, wholesalers, and carriers to compare Builders Risk pricing, terms, and underwriting outcomes across multiple carriers within a single submission workflow.
Selectsys supports Builders Risk rating whether teams need a standalone rater, a comparative rating engine, or a full commercial and specialty rating platform.
The Builders Risk Rating Platform operates within the broader Selectsys Commercial & Specialty Rating Platform. This allows Builders Risk to be managed alongside Commercial Property, Inland Marine, General Liability, and other specialty lines in one operational environment.
See how MGAs and wholesalers scale this line using unified rating, binding, issuance, and accounting workflows.
Compare Builders Risk pricing, terms, and carrier eligibility across multiple markets in a single submission
For carriers that support API based Builders Risk workflows, Selectsys enables real time rating and quoting directly from the platform. Where supported, workflows extend from quote through bind and policy issuance.
New Builders Risk carrier API integrations can typically be delivered in approximately six weeks, assuming carrier access and documentation are available.
For Builders Risk programs that rely on ISO based rates, the platform supports standardized rating workflows while keeping submissions, underwriting, and placement centralized within a single system.
For delegated authority and specialty program business, Selectsys supports proprietary Builders Risk rating where rates and underwriting logic are owned by the MGA or carrier. This enables faster program launches and greater flexibility in structuring Builders Risk offerings.
The Builders Risk insurance rating and comparative rating platform is integrated in production with multiple national and specialty carriers supporting course of construction coverage.
Carriers currently integrated for Builders Risk include:
Additional Builders Risk carriers can be onboarded where MGA or wholesaler appointments exist. New carrier API integrations are typically delivered in approximately six weeks.
This line fails most often when rating is disconnected from execution.
For programs that require full lifecycle workflows, the platform supports:
This reduces turnaround time and removes manual handoffs from Builders Risk placement.
When combined with Selectsys accounting capabilities, MGAs and wholesalers can:
This ensures operational and financial alignment for Builders Risk programs.
The Builders Risk Rating Platform is designed for organizations that:
The platform is already running inside organizations that operate this way today.
If Builders Risk placement is slowing your programs or limiting growth, we should talk. Selectsys can support your existing Builders Risk carriers, onboard new ones quickly, and provide a production-ready Builders Risk insurance rating and comparative rating platform that scales with your business.
Premium collection following rate quote bind is automated through CoverPay, enabling installment billing and endorsement recalculation without third party billing integrations.
