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February 14, 2020
cheap Builder’s Risk Coverage

Top Tips on Cheap Builder’s Risk Insurance for General Contractors

Builder’s Risk Insurance protects structures under construction and adds to your credibility. Builders Risk most likely costs between 1% to 5% of the total construction value.  […]
February 13, 2020
Does Builders Risk Insurance Cover Your Employees’ Injuries

Does Builders Risk Insurance Cover Your Employees’ Injuries?

Builders Risk Insurance is a property insurance tailored to protect your personal insurable interest in materials, equipment and fixtures awaiting installation or after they have been installed. Builder’s Risk protection is taken out to cover the structure and onsite materials as they await installation or transportation to the construction site. While it is a great stride in protecting your investment, it only covers damages up to the cover limit. The cover limit is supposed to accurately reflect the value of your completed building. An estimate is usually reached using your construction budget.
February 12, 2020
Wyoming Contractors during Coronavirus

Best Tip on Insurance for Wyoming Contractors during Coronavirus

Wondering how insurance for Wyoming contractors works during Coronavirus? You’re not alone. We are here to answer some of the most common questions about Builder’s Risk […]
February 7, 2020
cheap Course of Construction Insurance

Advice on cheap Course of Construction Insurance for Roofers

According to the National Equipment Register, construction site theft can cost the construction industry up to $1 billion per year. Course of Construction is also known […]
February 3, 2020
How Builder’s Risk Insurance Policy Prevents Business Failure

How Builder’s Risk Insurance Policy Prevents Business Failure

A Builder’s Risk Insurance policy could be the saving grace for your business. Construction is risky.  Unexpected events can happen that end up costing you a […]
January 31, 2020
protect your General Contractor profits

How to protect your General Contractor profits in Montgomery, AL

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% […]
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 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 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 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 […]
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.
May 31, 2019
worker watching a crane from the ground

What is the difference between Builders Risk Insurance and Liability Insurance

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.
May 28, 2019
surveyor taking measurements

Builders Risk Insurance Basics

Builders’ Risk is an insurance policy that provides financial protection for business owners in construction when something happens to their job site while it’s under construction or renovation. The insurance coverage usually extends to include fire, vandalism, theft, and extreme weather. Typically, you should expect to pay the insurance company somewhere between one and four percent of the total construction costs for this coverage. However, the cost of construction will vary depending on the needs of your business, the location, and the project type.
May 26, 2019
workers setting up a frame

How to Obtain Builder’s Risk Insurance

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.
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