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 the profit it keeps. Construction is inherently high-risk. Well-considered insurance is the best way to safeguard the income. Let’s look at 3 steps to help protect your General Contractor profits in Montgomery.
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.
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. Which 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:
At Builder’s Risk Insurance we know the most effective customizations for Builder’s Risk in Montgomery, AL. We can get you insured correctly at the lowest cost.
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 professionals 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 give Builder’s Risk Insurance a call on 887 960 0221.