Insurance Discounts For Home Builders Launched By Steel Framing Alliance

The Steel Framing Alliance (SFA) and Arthur J. Gallagher & Co. (Gallagher Construction Services), the fourth largest insurance broker worldwide, have launched a comprehensive insurance program that provides U.S. builders on the West Coast who use steel framing with as much as 50 percent discounts on a broad range of insurance products.

"We continue to provide incentives and resources to both homebuilders and home buyers to consider superior alternative construction materials like steel. This new suite of insurance products demonstrates our commitment to the building community," said Larry Williams, president of the Steel Framing Alliance.

The program, called "STEEL Advantage," makes steel framing more competitive with other construction materials. It provides for cold-formed steel-framed construction projects including single-family tract, low-rise multi-family, mid-rise commercial and mixed-use structures. Initially offered only on the West Coast, it will be rolled out in other markets at a later date.

Gallagher has held negotiations with major insurance providers to create a suite of products including General Liability, Workers Compensation, Builders Risk, Commercial Property, and Surety. The new program will include added coverage enhancements, such as Earthquake or Flood, along with premium and rate discounts for volume and/or safety commitments. Gallagher will also provide Subcontractor Certificate Monitoring & Compliance services, contract review, and seminars for mold awareness and prevention.

The STEEL Advantage program will allow Gallagher to provide Zurich's Builders Risk Insurance, an innovative insurance program that recognizes steel framing as superior construction and significantly slashes premiums for steel-framed products when compared to combustible structural framing materials.
For more information on the STEEL Advantage program, visit www.steelframingalliance.com or contact Larry Williams.