Property Insurance Underwriting (Excess/Primary Layers)

This subcontract for Property Insurance Underwriting focuses on providing insurance capacity and financial backing for prime contractors operating on Illinois State Toll Highway Authority property. The scope involves assessing risk for high-value infrastructure, such as retaining walls and road bridges, with a specific focus on assets valued over 4 billion dollars. The selected provider is responsible for determining premiums, issuing binding insurance policies, and delivering coverage certificates. Due to the scale of the assets involved, the contract requires a provider with high financial strength and a superior credit rating. The performance of these services is centered in Downers Grove, Illinois, under NAICS code 524113. This arrangement ensures that critical state infrastructure is adequately protected through both primary and excess insurance layers.