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January 29, 2020
Happy worker. Builder's Risk Insurance Cover

What Kind Of Structures Does Builder’s Risk Insurance Cover?

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:
January 28, 2020
Construction Site Fire!

What Happens When There is a Construction Fire?

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?
January 27, 2020
framing contractor Builder's Risk Insurance

Does your Framing Contractor Business need Builder’s Risk Insurance?

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!
January 24, 2020
Construction crew with Builder's Risk Insurance

Do I need Builder’s Risk Insurance?

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?
January 24, 2020
Builder's Risk Insurance for homeowners

Builder’s Risk Insurance vs Homeowners Insurance

Builder’s Risk insurance for homeowners will give you protection for as little as 1% of the construction costs.  A tiny price to pay for a huge […]
January 22, 2020
Builder's Risk Insurance for Roofers

Is Builder’s Risk Insurance for Roofers?

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.
January 20, 2020
building under construction insurance

How Building Under Construction Insurance Builds Your Reputation

Building under construction insurance is called Builder’s Risk Insurance. One of a builder’s greatest risks is a loss of your reputation. Why? It’s because one of […]
January 17, 2020
Worker. Builder's Risk Insurance

5 Things Clients Want To Know Before Hiring A Contractor

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.
January 15, 2020
Builder's Risk for Roofing Contractors

Why Do Roofing Contractors Need Builder’s Risk Insurance?

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?
January 13, 2020
construction insurance

Insurance Experts Explain Construction Insurance – Part 3

Builder’s Risk insurance is a form of construction insurance designed to protect buildings and structures that are under construction or renovation. In parts 1 and 2 […]
January 10, 2020
Builders Risk Insurance vs. Course of Construction Coverage

Builders Risk Insurance vs. Course of Construction Coverage

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.
January 8, 2020
Builder’s Risk Construction Insurance

Experts Explain Builder’s Risk Construction Insurance – Part 2

Construction Insurance is the overall name for insurance policies that protect property owners and contractors from financial loss during construction. Depending on the construction specifications, you […]
January 6, 2020
Builders Risk Insurance cost

What Does Builder’s Risk Insurance Cost?

Builder’s Risk Insurance cost is a small price to pay now to protect your contractor business for protection when things go wrong. In January, footage of a building that was under construction collapsing in Trinidad, Washington, went viral. As a general contractor, you know that things can go wrong at any time. As we all know by now, it is vital to protect yourself when these disasters happen. For as little as 1 – 5% of the construction costs, you can have protection against the costs of accidents like this.
July 27, 2019
Street with construction lights

Five Things Insurance Companies Want You to Know About Builders Risk Insurance

Builder’s Risk Insurance protects a construction project as well as all the  tools, equipment, and supplies left on the job site. Today, we’re going to make […]
July 19, 2019
Carpenter cutting wood veneer

4 Job Site Details That Save a Construction Business Owner Money

One of the most important details about running a construction project, whether new construction or renovation, is the budget. Building owners and other insurable interests, for example, the construction company, all want to ensure that the project doesn’t lose money during the course of construction. Today, we’re going to talk about four ways that a business owner can save money while managing a construction project.
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