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BuildPoint Corp.

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.
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Publication:Risk & Insurance
Geographic Code:1USA
Date:Sep 1, 2000
Words:151
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