Vikco launches with backing by K2 Insurance Services
Vikco Builder’s Risk, a division of Vikco Insurance Services and backed by K2 Insurance Services, announced the launch of their managing general agent specializing in excess and surplus lines Builder’s Risk Insurance.
The Vikco Builder’s Risk program, developed in partnership with TruStage and Lloyd’s, offers broad capacity of up to $20 million for all construction types, with $5 million to $10 million available for critical CAT coverage, including Tier 1 Named Windstorm, California Earthquake, and Special Flood Hazard Areas. Policies are written on non-admitted paper rated A- (Excellent) or better by AM Best. Target classes include projects ranging from less than $1 million to $100 million and beyond, covering ground-up new construction, prior starts, four-wall projects, and utility and infrastructure developments.
“We’re thrilled to launch Vikco Builder’s Risk in partnership with such great industry leaders. This program reflects our commitment to delivering the underwriting excellence, customer-focused solutions, and long-term stability that define Vikco and K2 in the US construction market.” – Kaileigh Bowe, Executive Vice President of Vikco Insurance Services.
“TruStage Specialty Commercial Programs are designed to help niche markets and businesses protect what matters most. We are proud to partner with Vikco and K2 Insurance Services, whose deep expertise in Builder’s Risk underwriting makes them an ideal partner for the construction industry. This collaboration aligns perfectly with our commitment to expanding our Program Business portfolio and delivering long-term value to our clients.” – Stafford Chisholm, Vice President of P&C Programs at TruStage Specialty Insurance Company.