Zurich offers new coverage for construction customers

Zurich is providing its customers in the construction business a new collateral approach to help ease the strain of credit in the current market. Zurich's new collateral alternatives expand customers' choices.

eZ Trust and eZ CD are new products that are less expensive for customers because Zurich has negotiated contractual terms and lower fees with Zurich-selected banks.

Zurich's new collateral alternatives include:

• eZ Trust- A collateral instrument with no initial set-up fees, discounted annual fees negotiated by Zurich and a trust template that doesn't need to be negotiated.
• eZ CD - A fully FDIC-insured security that is purchased in Zurich's name, with the amount of interest earned by the CD and paid by Zurich to the customer.

Minimum funding for these two available alternatives is $500,000.