September 17, 2024
Learn how to shop for Builder’s Risk Insurance and get the best value for your money while knowing exactly what you have coverage for. Understanding Builders […]
Builder’s Risk Insurance
Find out everything you need to know about coverage for your building project. Course of Construction insurance does not replace your contractors or general liability insurance.
Why? Because this coverage does not provide coverage against third-party claims. So, say you are sued for damages to someone else’s property. This is a job for liability insurance, not Builder’s Risk.
In addition, there is no protection for employee injuries. Your Workers Compensation is coverage for worker injury, disability or fatality.
So, what is this insurance for?
- Protect the building that you are constructing, remodelling or renovating.
- Get coverage for vandalism.
- Protect tools or building materials from theft or damage.
But this is not all there is to it. Find out more. Read the Builder’s Risk blog.
August 30, 2024
In the world of business, it is paramount to safeguard oneself from unforeseen risks by staying prepared. Acquiring liability insurance is a prudent step toward demonstrating […]
August 30, 2024
If you’re new Builders Risk Insurance, you might be wondering how much this coverage is going to cost? In this guide, we’ll give you a breakdown […]
June 14, 2024
tBuilders Risk Insurance, also called course of construction insurance, is an important type of insurance you need if you are building a new structure or remodeling […]
January 14, 2024
Also known as Course of Construction, a Builder’s Risk policy provides you with unique property insurance coverage. The policy not only covers the building under construction but the […]
January 14, 2024
Builder’s risk insurance, also known as course of construction, is a type of property insurance. It’s a bit unique in that it covers the area of a construction project whether new construction or renovation. In some cases, it will just cover the structure, while in others, it will also cover the materials that are on site and waiting to be installed or transported. Most building owners will ask that a builder carry this to protect both parties.
January 11, 2024
Are you familiar with Builder’s Risk Insurance yet? This is a type of insurance for your small contractor business. In this article, we’ll look at why […]
December 21, 2022
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.
July 27, 2022
It is difficult for companies and general contractors to work without general property insurance. General Liability insurance coverage defends your business from a wide range of […]
July 26, 2022
Inflation is out of control. Building costs are going through the roof. In these trying times, you must do everything possible to keep costs down. If […]
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, […]
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 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?