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Zurich adds risk coverage for "mass timber" construction



Zurich North America said on Tuesday that it has expanded its risk coverage for builders, offering up to $ 50 million in capacity for commercial construction projects using bulk timber.

specific coverage or as part of a builder risk program, said Schaumburg, an Illinois-based insurer.

Solid wood is a class of engineered building materials made from layers of wood that are compressed, often with a strong adhesive under high pressure, said Zurich.

"Wood pulp offers the dual benefits of a sustainable and sustainable building material," said Patrick McBride, director of construction properties in Zurich North America, in a statement.

In January, Zurich launched a parametric design weather policy to provide coverage for non physical damage related project delays that traditional construction risk insurance does not cover.

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