BLOG
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:
October 26, 2021
Protect your General Contractor profits by making sure you have the best coverage for Builder’s Risk in Montgomery, AL. With a large population and only 2.7% […]
October 26, 2021
Unlike other types of insurance, builder’s risk insurance can have a complicated end date. We’re here to help.
If you have experience in obtaining insurance policies, then you understand that most policies have a clear beginning and a clear end. Most insurance companies will call these effective and expiration dates.
However, if you’re new to the world of construction insurance, then you might not understand when builders risk coverage is ineffective. Builders risk is different because it doesn’t always have perfect expiration dates. This type of insurance coverage is placed during the course of construction.
October 19, 2021
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.
October 19, 2021
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 […]
October 4, 2021
Course of construction, more commonly known as a builder’s risk policy, is an insurance policy protecting the materials and equipment that will be permanently installed at a new construction or renovation. Should something happen on your job site, having this policy on hand is the best way to make sure that the general contractor, the business owner, the property owner, and any other invested parties are covered from losses. The business owner or client will often require builder’s risk as a safety precaution, so be sure to account for this insurance policy within your construction budget.
October 4, 2021
Business owners in construction must purchase several insurance policies to ensure that their business, and its clients, are protected from harm. As such, understanding the importance and distinctions between insurance policy types can be a game saver in the long run. In a general contractor‘s life, whether a small business owner or large, you will often find general liability insurance, builders risk insurance, property insurance, workers compensation, and more.
October 4, 2021
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.
October 1, 2021
When it comes to construction projects, Builder’s Risk Insurance is one of the most important pieces of the puzzle that often goes overlooked. Builder’s Risk insurance […]
October 1, 2021
Experienced builders have much more familiarity with Builders Risk policies and can really help guide you in the right direction.
October 1, 2021
Learn how to shop for Builders Risk Insurance and get the best value for your money while knowing exactly what you have coverage for. Understanding Builders […]
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.
October 27, 2020
The answer to Is Builder’s Risk Insurance for General Contractors? is a resounding YES. A Builder’s Risk policy will help protect you against financial loss. Of […]
October 3, 2020
When it comes to insurance coverage, no one policy protects your contractor business from all the risks you will face in the course of doing business. […]
September 30, 2020
Have you ever had a property damage claim or liability claim filed against your contractor business? Bet you were glad of your General Liability coverage. But, […]