The Steel Framing Alliance and DiBuduo & DeFendis Insurance Brokers LLC have launched an insurance program that provides builders who use steel framing with a discount on a broad range of insurance products. Named STEEL Advantage, the program is specifically tailored for cold-formed steel-framed construction projects, including single-family tract, low-rise multi-family, mid-rise commercial and mixed-use structures. The program is currently available to all cold-formed steel construction projects nationwide.
“The Steel Framing Alliance continues to provide resources to both owners and
builders so that they can explore innovative and cost-effective framing
solutions for their next project. This new suite of insurance products
demonstrates our commitment to the building community,” said Bill Kraft,
director of marketing for the SFA.
With STEEL Advantage, the alliance and DiBuduo & DeFendis are enhancing the
level of insurance products available in the market. DiBuduo & DeFendis
have held negotiations with major insurance providers to create a suite of
products including general liability, umbrella and excess liability, workers’
compensation, builders’ risk, and commercial property.
Through the program, DiBuduo & DeFendis will also be equipped 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. The program is underwritten by Zurich North America and
administered by Zurich Insurance Services.
SFA Reports New Insurance Program
November 20, 2008