Texas MGA rolls out building, contractor umbrella/liability coverage

DALLAS—A new umbrella/liability insurance solution for the residential building and contractor markets is being introduced in Texas by Builder Agent Network, the managing general agency for Builders Insurance Group Inc.'s insurance products.

According to a Monday statement by the Dallas-based underwriter, Builder Agent Network's product provides customizable excess liability coverage options depending on a client's specific risk profile and includes coverage for subsidence and injury to a subcontractor's employees.

“Providing insurance coverage to the Texas construction industry, especially to home builders and developers, has been a challenge for many years,” Anne Sheahan, Builder Agent Network's vp said in the statement. “Our goal is to meet the needs of the building community by providing insurance to work alongside the best practices of risk management, as taught by the Texas Assn. of Builders.”