AAIS lines of business
Rate AAIS Builders Risk, including civil works
One product covers the four ways builders risk is written, with the construction class, protection class and catastrophe treatment the filing sets, and a referral where the filing says a company has to look at the risk.
What Builders Risk covers
Builders risk covers a structure while it is being built, and it is one of the lines where the shape of the risk changes the rating rather than just the numbers. A regular builders risk policy, a scheduled jobsite program, a special form and civil works are four different rating paths with different options available on each.
SelectRate carries all four in one product. The coverage path is part of the submission, and the options a path allows come from the filing rather than from a rule your team remembers.
What SelectRate rates on this line
Everything below is rated on the filed AAIS methodology. Where the filing leaves a value to the company, it is a value your program supplies, and the worksheet names it as yours.
Four coverage paths
Regular builders risk, scheduled jobsite, special and civil works, each with the options the filing makes available to it.
Construction and protection class
Frame through fire resistive, by protection class, with the existing building treatment where it applies.
Earthquake and flood
Catastrophe cover rated on the filed bands, including the states that band it by score rather than by zone.
Deductibles
The filed deductible schedule, including the rule that holds a theft deductible to twice the all other perils amount.
Delay in completion
Delay cover with the filed waiting periods.
Reporting form
Monthly completed values on the reporting basis.
Where it rates, and where it refers
Builders risk rates on a multistate base with state editions for California, Louisiana, Missouri, Nebraska and Montana. A state without a base in force refuses to rate rather than producing a number nobody can defend.
Several conditions send the risk to the company rather than to a premium: the higher protection classes when the filed criteria are not met, high earthquake intensity, a special flood hazard area, and rental values above the filed threshold. Your program can authorize a company value that lets those rate, and the worksheet records that it did.
Start from the standard
Nobody should have to build a Builders Risk program from an empty screen. Every organization on SelectRate has a Standard Builders Risk: a governed program sitting directly on the published AAIS foundation, ready to inspect and test.
It tells you where you actually stand. Which states are in force. Which are ready to rate now. Which are waiting on a company value, and exactly which value. You run Program Test on it, and when you are ready you create your own program from it.
The Standard Program also carries ready made sample transactions. Open one, rate it, change an input and rate it again. It is the quickest way to understand how Builders Risk behaves before you configure anything of your own.
Governed foundation
The published AAIS content for Builders Risk, maintained by Selectsys and read only.
Standard Builders Risk
One per organization. Inspect the states, see what is ready and what needs a company value, and run Program Test.
Your program
Created from the standard, with your company values, adoption dates and authorized deviations on top.
Configure what makes your program different
Your Builders Risk program is the part the filing leaves to the company: the loss cost multiplier where one applies, the selections inside the bounds the filing sets, adoption dates and any deviation your carrier has authorized. The filed content underneath is not yours to change and not yours to maintain.
Configuration happens in Program Studio as a draft, and a draft is tested before it becomes real. Program Test prefills a known good Builders Risk scenario, so the first test you run is a real one rather than a form you have to invent. Review lists exactly what a version changes against what is published, state by state, and publication is a decision a person makes.
A published version is immutable. Every quote, policy and worksheet records the version it rated with, so a premium stays reproducible after the program has moved on.
The Workbench adapts to the rating product
Underwriter Workbench does not carry a hand built screen per line. The intake comes from the rating product itself, so Builders Risk presents the exposures it is actually written on, with the governed classifications and option lists for the state and the effective date.
Repeating exposures repeat. Referrals surface as referrals rather than as a failed request. And every premium carries its worksheet: each step, the value it used, and where that value came from, which layer and which version. That is the artifact an audit asks for, and it exists whether the rating came from the Workbench or from your own system over the Rating API.
From submission to bound policy
An underwriter enters the risk in Underwriter Workbench, rates it against every program the organization is entitled to, reads the worksheet and binds. The premium is produced by the same engine and the same configuration whether the request came from the Workbench or from your own system over the Rating API.
Rating beyond the quote is a platform capability rather than a per product rebuild, so a line gains it without changing how your integration works. Ask us where Builders Risk stands for the program you are planning.
Common questions
Does the rater handle civil works?
Yes. Civil works is one of the four coverage paths, with its own rating and without the existing building and theft steps that apply to the others.
What happens when a filing gives a range rather than a rate?
Your program sets the rule once: the low end, the midpoint, the high end or an explicit point inside the filed bounds. A value outside the bounds is declined rather than used.
Can an underwriter rate a risk the filing says to refer?
Only if your program has authorized a company value for that condition. The referral is the default, and the worksheet shows which authorized value replaced it.
Put a jobsite through it
Bring a builders risk risk you write today, on whichever coverage path you use, and we will rate it on the call and read the worksheet with you.