Newsroom

• Newsroom
• Article

Abacus Insurance Brokers Offers Online Builder's Risk Program

Jan 20, 2009, Source: Abacus Insurance

LOS ANGELES, CALIF.-- Abacus Insurance Brokers, Inc., a Los Angeles-based program manager that distributes specialty insurance products online through www.abacus.net, has launched an online builder's risk program.

Eligible projects in the builder's risk program include apartments, townhouses, condominiums, dwellings, strip malls and office buildings. New projects and cosmetic renovations are covered. Coverage is available in 49 states and Washington, D.C. and is insured through an ‘A’ rated admitted market.

Residential construction projects may be covered up to $1 million in value and commercial construction projects up to $25 million in value. Construction terms are available for up to 24 months.

"Even in the current down economy, construction is still taking place," says Darren Lewin, Abacus vice president of program development. Our program is attractive because it is processed quickly and easily online, with a low minimum premium. Though high limits are available, our program is structured towards projects that are smaller in scope."

For more information about builder insurance products, go to www.abacus.net or contact Darren Lewin at 310-500-2302, darren.lewin@abacus.net.

About Abacus.net

Since 1998, Abacus has managed insurance programs that function entirely online. Through the proprietary abacus.net platform, brokers access specialty programs from top-tiered insurance companies. Lines and coverages from multiple carriers are assembled into a single integrated quote. The abacus.net platform performs all aspects of the insurance transaction including quoting, order placement, policy issuance and endorsing. Brokers and carrier partners benefit from substantial efficiencies, increased revenues, and cost reductions. The programs on abacus.net are written through top-tiered insurance carriers, distributed nationwide, and accessed by over 2,000 broker offices, representing over 5,000 insurance professionals. Visit www.abacus.net or contact Darren Lewin, CPA, CMA, CPCU, vice president of programs at 310-500-2302, darren.lewin@abacus.net.