3 Reasons To Assess Your Roofers Insurance during Coronavirus Lockdown
April 29, 2020
Why Roofers Pick Builder’s Risk Insurance Company in Connecticut
April 29, 2020
Vermont roofers during coronavirus are looking for ways to make the most of future opportunities. In recent years Vermont was ranked the number 1 state in the opportunity index. This is largely because the state provides a climate for growth for businesses.
Many Vermont roofers during coronavirus have realized they are exposed to risks they had not previously considered. Let’s look at how Builder’s Risk for roofing contractors can help your business going forward, and top tips for the best policies.
What is Builder’s Risk for Roofing Contractors?
Builder’s Risk is a specialized form of coverage that contractors, developers and builders can purchase for certain types of construction projects. These projects include new buildings or the renovation or remodeling of existing ones. The purpose of this insurance is to provide coverage against some of the risks that are typical to these construction projects.
This insurance is not mandatory, but the benefits speak for themselves. A loss event can seriously impact the profit you make on a project. By law, Workers Compensation and General Liability insurance is a requirement. Builder’s Risk Insurance is an excellent addition to your portfolio and fills many gaps in your coverage.
Does this help Vermont Roofers during Coronavirus?
Many projects have been paused during this epidemic and some have had to observe stay at home orders. This has created some time to consider important aspects of your business. Builder’s Risk for roofing contractors can protect you from losses you can suffer on a project. These include items like:
- The loss of tools due to theft
- Damage to equipment from vandalism
- Weather damage to the building or structure
- Loss or damage to materials and inventory
Your Builder’s Risk policy will be specific to your needs. Now is the time to consider the activities you typically undertake on a site and the materials you use. An expert agent can then assist you to get the right coverage.
Top Tips for Vermont Roofers during Coronavirus
- Take an inventory of your tools, equipment, materials, and services you provide so you know the risks your business is exposed to.
- Choose an expert agent to discuss your requirements; a company with many years of experience that specializes in Builder’s Risk for roofing contractors is best.
- Don’t settle for the cheapest policy you can get. The right coverage at the lowest price is what you are aiming for.
- Make sure you know when your coverage begins and when it ends. Builder’s Risk insurance provides coverage for a specific time period.
Call Builder’s Risk Today
Now is a good time to take stock of your business and get the coverage you need for your success. Builder’s Risk is here to assist. We have been operating for more than 20 years and represent a large range of National and Regional insurers. Let us provide you with the right policy for your needs. Call Builder’s Risk on 887 960 0221 or visit us at https://buildersrisk.net/builders-risk-insurance/ and be ready for future opportunities.
