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General Contractors and Subcontractors Default Insurance - CapAssure

AXA XL Insurance offers a collaborative builder’s risk insurance solution to performance risk on private construction projects.CapAssure uses a two-part insurance policy to protect construction owners from the risk of default by general contractors and to protect general contractors from the risk of default by subcontractors (SDI).

Product details


Coverage A

  • A percentage of the overall value of the construction contract, up to USD 25 million

Coverage B (SDI)

  • Per loss: up to USD 50 million
  • Policy aggregate: USD 150 million


  • Provided on a project enrollment basis
  • General contractor also shares in the risk through a deductible or retrospectively rated structure

Coverage A

  • Covers project owners for economic loss incurred as a result of a default of performance of the general contractor, including both direct and indirect costs
  • Third-party builder’s risk insurance coverage with the project owner as the loss payee
  • Covers direct and indirect cost to complete the general construction scope of work
  • Loss sensitive, with the loss payee retaining a portion of the risk
  • General contractor also shares in the risk through a deductible or retrospectively rated structure

Coverage B

  • Covers general contractors or construction managers economic loss incurred by a caused by a default of performance of their subcontractor(s), including both direct and indirect costs.
  • First-party builder’s risk insurance coverage
  • Covers direct and indirect costs
  • Loss sensitive, with the general contractor retaining a portion of the risk

Client Profiles

Large, private North American construction companies

Typical Information Required

  • Completed application
  • Most recent three years annual audi66ted financial statements

Benefits & Services

  • Risk engineering consultation, training and best practices
  • Dedicated claims services for builder’s risk insurance clients

Information & Research

The information contained herein is intended for informational purposes only. It’s is neither an offer to sell nor a solicitation to purchase any particular insurance product. Insurance coverage in any particular case will depend upon the type of policy in effect, the terms, conditions and exclusions in any such policy, and the facts of each unique situation. No representation is made that any specific insurance coverage would apply in the circumstances outlined herein. Please refer to the individual policy forms for specific coverage details. AXA XL is a division of AXA Group providing products and services through four business groups: AXA XL Insurance, AXA XL Reinsurance, AXA XL Art & Lifestyle and AXA XL Risk Consulting. In the US, the AXA XL insurance companies are: AXA Insurance Company, Catlin Insurance Company, Inc., Greenwich Insurance Company, Indian Harbor Insurance Company, XL Insurance America, Inc., XL Specialty Insurance Company and T.H.E. Insurance Company. In Canada, coverages are underwritten by XL Specialty Insurance Company - Canadian Branch and AXA Insurance Company - Canadian branch. Coverages may also be underwritten by Lloyd’s Syndicate #2003. Coverages underwritten by Lloyd’s Syndicate #2003 are placed on behalf of the member of Syndicate #2003 by Catlin Canada Inc. Lloyd’s ratings are independent of AXA Group. Not all of the insurers do business in all jurisdictions nor is coverage available in all jurisdictions.

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