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% unemployment, businesses thrive in Montgomery.  Gaining clients and reputation is great, but a business is only as strong as its profit. Construction is inherently high-risk. Well-informed insurance decisions are the best way to safeguard that income. Let’s look at 3 steps to help protect your General Contractor’s profits in Montgomery.

3 Steps To Protect Your Profits

1. Get Bulletproof Workers Comp

Workers Compensation is necessary for contractors who use any employees or non-independent subcontractors. Subs should also carry their own Workers Comp for employees.
This gives you coverage for workers’ medical bills and two-thirds of their wages if they get sick or hurt on a job.

2. Get Great Builder’s Risk Coverage

Without Builder’s Risk in Montgomery, AL, many clients won’t hire you.  Standard policies cost only 1-5% of total building costs.  Your Builder’s Risk coverage will protect against third-party losses like fire, rain, hail and lightning. It’s especially important for protection in the Gulf Coast where thunderstorms can be fast, frequent, and destructive.  You need to be ready for these risks to protect your General Contractor profits in Montgomery. At Builder’s Risk Insurance, we are experts specializing in Alabama construction insurance. We’ll help you prepare.

You’ll also benefit from checking your policy carefully to see what’s excluded.  For instance, flooding is commonly left out. With a high chance of it affecting your work, Montgomery contractors are likely to need separate flood insurance. This brings us to step 3.

3. Customize Your Coverage To Fit Your Business

You can protect your General Contractor profits in Montgomery by shaping coverage around your specific risks. For example, growing construction sites and a $12 billion Alabama construction industry mean you might consider raising your Liability and Commercial Auto coverage. Premiums will rise, but you will actually save a lot of money if you need to raise a claim.

Similarly, Builder’s Risk in Montgomery, AL can be extended to give you coverage for some certain predictable risks you face. Good extensions to Builder’s Risk in Montgomery, AL are:

• Water Intrusion
  

  An old, historical city like Montgomery is prone to clogged-up drainage. Consider the humid climate and possible damage.  It’s worth getting this loss covered.

• Debris Removal
  

  When thunderstorms and tornadoes hit, the damage can spread out. Hauling chunks of broken concrete is costly. This extension covers it.

• Green Building
  

  With the city’s ongoing commitment to projects like the Cenergistic Energy Program, you can protect your General Contractor profits in Montgomery by staying competitive with a sustainable reputation. Furthermore, this extension pays to recycle debris and replace renewable energy sources.

At Builder’s Risk Insurance we know the most effective customization for Builder’s Risk in Montgomery, AL. Furthermore, we can get you insured correctly at the lowest rate.

Protect your General Contractor profits today

A strong stream of business is wonderful, but you need to safeguard it. At Builder’s Risk Insurance we have an A+ with BBB and thousands of 5-star ratings. Our agents can find the best Builder’s Risk in Montgomery, AL that works for you.

We guarantee fast turnaround on free, no-obligation quotes. There’s nothing to lose and potentially huge gains.  So check out BuildersRisk.net or give us a call at (855) 480-2252.