Now live: P&C insurance accounting for MGAs and wholesalers, plus AAIS commercial lines platforms.

Builders Risk Rating Platform for MGAs and Wholesalers

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 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.

Built on the Selectsys Commercial & 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.

Learn more about the full platform here

How Builders Risk Rating Works

Direct Carrier API Rating

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.

ISO Based Builders Risk Rating

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.

Proprietary Builders Risk Programs

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.

Carriers Supported for Builders Risk

The Builders Risk Rating Platform is integrated in production with multiple national and specialty carriers supporting course of construction coverage.

Carriers currently integrated for Builders Risk include:

  • argo

Additional Builders Risk carriers can be onboarded where MGA or wholesaler appointments exist. New carrier API integrations are typically delivered in approximately six weeks.

From Quote to Bind to Issue for Builders Risk

This line fails most often when rating is disconnected from execution.

For programs that require full lifecycle workflows, the platform supports:

  • Quote generation
  • Binding workflows
  • Policy issuance
  • Endorsements and value changes
  • Extensions and rewrites
  • Cancellations and non renewals

This reduces turnaround time and removes manual handoffs from Builders Risk placement.

Integrated Accounting for Builders Risk Programs

When combined with Selectsys accounting capabilities, MGAs and wholesalers can:

  • Collect Builders Risk premiums at bind
  • Manage trust and premium accounting
  • Reconcile carrier payables
  • Track endorsements and adjustments
  • Maintain policy level financial accuracy

This ensures operational and financial alignment for Builders Risk programs.

Built for Program and Project Driven Placement

The Builders Risk Rating Platform is designed for organizations that:

  • Place project based construction risks
  • Manage course of construction programs
  • Operate across multiple states
  • Handle catastrophe exposed risks
  • Run delegated authority programs

The platform is already running inside organizations that operate this way today.

Related Line Platforms

Builders Risk is often paired with property and specialty lines:

Related Insights

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 rating platform that scales with your business.