October 1, 2021
Learn how much to insure your project on your builders risk insurance policy. Not insuring your project to the correct amount can end up being a huge cost in the event of a claim.
Course of Construction Coverage
Course of Construction insurance is another name for Builder’s Risk Insurance. Why? Because this policy only provides coverage for the duration of the construction project. In other words, the policy is project specific.
But, what financial risks does Builder’s Risk cover? This coverage is not third-party liability coverage. It will not give you protection from liability claims. So, if you are sued for damage to your client’s property, you will rely on your General Liability Insurance not your Builder’s Risk.
What you get
Builder’s Risk protects building owners, property developers and contractors are protected from the devastating impact of fires, floods, vandalism, theft.
What it costs
Your coverage can cost as little as 1% of the construction cost.
Get more information
Read the Builder’s Risk blog for more about Course of Construction insurance.
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July 1, 2020
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May 25, 2020
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April 22, 2020
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March 17, 2020
Did you know that contamination cleanup for contractors is a significant part of the construction business? Several activities on a building site can cause pollution. However, some precautions can reduce this. As a general contractor, taking the right precautions to avoid pollution is a must. However, mistakes happen.
In this article we will look at how to minimize pollution, and how your Builder’s Risk Insurance Policy will cover you in the event of unforeseen incidents.
March 16, 2020
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March 14, 2020
You have many choices when it comes to insurance for painters. But, like many contractors, painters find this whole thing about insurance a bit confusing. Policy jargon and insurance terms make it difficult to understand.
But, let’s all agree that the most important coverage for all contractors is general liability insurance because it covers third-party injury lawsuits as well as property damage. While we’re here, you know that your general liability insurance shouldn’t be less than $1 million in coverage right? Is it?
March 3, 2020
It’s easy to confuse insurance policies and believe they offer more protection than they do. Contractors are often left confused about whether their Construction Project Coverage is sufficient. Is Builder’s Risk enough or will more insurance be required?
Do you know the differences between Builder’s Risk and Inland Marine Insurance?
February 27, 2020
Regardless of what you’re building, fixing or renovating, the importance of Builder’s Risk for plumbing contractors cannot be stressed enough. Builder’s Risk insurance is a contractor insurance coverage created to help protect your business against disasters such as loss or damage to your tools or equipment.
10 Facts about Builder’s Risk for Plumbing Contractors
Below we’ll tell you more about what is also known as Course of Construction insurance.
February 26, 2020
Builder’s Risk Insurance for Painting Contractors — most painting business owners don’t think about it, do you? To be honest, your priority has probably been general liability and Workers Compensation. It’s easy to see why you wouldn’t have factored Builder’s Risk Insurance into the equation.
So the answer is, Yes.
Let’s take a look at where the protection your business gets from Painters Insurance stops, and where Builder’s Risk coverage starts.
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