BuildPoint Corp., a Redwood City, Calif.-based e-commerce
marketplace for the construction industry, and San Francisco-based
Gallagher Construction Services, a provider of property/casualty
insurance and risk management services, have partnered with six A-rated
insurance carriers--AIG, Allianz, CNA, The Hartford, RLI, and Zurich
Financial Services--to offer an online builder's risk insurance procurement service through BuildPoint's Web site
(www.buildpoint.com). The site is designed for both large and small
contractors to save time and money by purchasing their insurance online
and reducing paperwork.
BuildPoint plans to add more builder's risk insurance features
to the site in the near future, including the streamlining of the
certificate issuance process, as well as additional types of
construction-related insurance by the end of the year. The site features
login and password protection, multiple redundancies, and other
high-level security measures.
In addition to insurance procurement, BuildPoint offers live
marketplaces for bid cycle management and material purchasing.