Insurer Praetorian, Broker Paulk Offer Builder’s Risk in Fla. and Gulf States

Specialty insurer Praetorian Financial Group has entered into a partnership with Britt Paulk to launch a Builder’s Risk program.

The partnership will initially be launched in Florida and the Gulf states, where Builder’s Risk has been difficult to obtain. Builder’s Risk covers properties while under construction. Ultimately the new program will cover both commercial and large residential construction projects nationally except in Hawaii.

Company officials said the new program will focus on quality builders and superior construction.

Britt Paulk, headquartered in Carrollton, Georgia, is a brokers with experience in providing Builders Risk and Installation coverage.

With over $2 Billion in annual premium revenue, Praetorian Financial Group, Inc., is a member of the Hannover Re Group. Praetorian’s insurance subsidiaries are rated “A” (Strong) by Standard & Poors and “A-” (Excellent) by A.M. Best.

Source: Praetorian