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February 9, 2022
Your business may be booming. Home renovations are on a pace to exceed $650 Billion by 2025. People have been stuck at home. As a result, […]
January 20, 2022
For most people and businesses 2021 was a horrible year. We are all glad that it is over. However, what does 2022 have in store for […]
December 9, 2021
Having Builder’s Risk Insurance can shield your business from monetary losses that could push you off-track in this hugely competitive industry. As a construction company owner, […]
December 1, 2021
Is Builder’s Risk Insurance for roofers? Or does the insurance coverage only apply to general contractors, electricians, painters or plumbers? In the construction industry where risks are inevitable, falls from roofing projects account for one third of all construction fatalities. And so, whether you are just starting, or you have an ongoing roofing project, there is always the need for you to have insurance coverage to help you ease financial burdens that come as a result of unexpected risks.
November 30, 2021
Builder’s Risk insurance for homeowners will give you protection for as little as 1% of the construction costs. A small price to pay for a huge […]
November 29, 2021
If you’re asking yourself this question, then you most likely need Builder’s Risk Insurance. Why is this? Well, if you have financial interest in a construction project, you’ll need to have Builder’s Risk Insurance in order to cover you. What is Builder’s Risk Insurance and What Properties Are Covered?
November 3, 2021
One of a builder’s greatest risks is a loss of your reputation. Why? Because your business depends on its reputation. A damaged or bad reputation can […]
November 2, 2021
Clients do research before they hire a contractor. They compare prices, check the authenticity of the contractors, and negotiate the best rates. As a contractor, are you prepared with the answers that will get you the job? So, what are clients looking for? In this article, we will look at five things that clients look for before hiring a contractor.
November 2, 2021
Did you know that 50% of all contractors experience theft of some kind? Florida, Texas, and California are among the top 10 states with the highest rates. But, this doesn’t mean you won’t get hit if you operate your roofing contractor business elsewhere According to the National Equipment Register, job site theft costs the industry almost $1 billion each year. It comes as no surprise that 90% of thefts occur between 6 p.m. Friday and 6 a.m. Monday morning. Does this mean your equipment and tools are safe?
November 1, 2021
Builder’s Risk insurance is a type of construction insurance designed to protect buildings and structures that are under construction or renovation. In part 1 of this […]
November 1, 2021
Construction Insurance is the general name for insurance policies that protect property owners and contractors from financial loss during construction. Depending on the construction specifications, […]
October 28, 2021
Builder’s Risk Insurance is just another name for Course of Construction Insurance. It’s things like this that explain why so many contractors are confused by insurance. What contractors across the US are certain of, however, is that theft of construction equipment is on the rise.
October 28, 2021
How can you reduce your financial risk as a framing contractor? When you are fronting almost 18% of the overall building cost, you have a right to be nervous. Can Builder’s Risk Insurance take some of the stress off your business? Builder’s Risk Insurance is a policy that protects a contractor’s interests when working on building projects – whether buildings are being made or renovated. It is used by contractors to ensure that they’re covered in case of any loss in building materials or equipment – or even labor used and profits lost!
October 27, 2021
During the construction of a commercial building or a home, anything can happen. Buildings under construction can be vulnerable to a fire breaking out. There are many factors that can cause these fires, such as torches, soldering irons, welding machines, grinders, or heating elements. Fires often happen to a new build due to several of these things, but what’s the solution if a fire does happen?
October 27, 2021
Most property owners will require contractors to have Builder’s Risk insurance coverage. The coverage protects against several risks to buildings that are being built or renovated. No two policies are alike since every construction project has unique risks. Nonetheless, most Builder’s Risk policies cover property damage or loss due to fire, theft, lightning, vandalism, hail or explosions. It’s important to read your policy and familiarize yourself with its precise limitations and exclusions. For instance, wind, earthquake, and flood are typically not covered in coastal areas. Other standard exclusions include:
