Things can go badly wrong when you buy the wrong cheap construction insurance. At the time, you may have been struggling with cash flow. Naturally, you would have chosen the best rate. But I’ve made that mistake myself. Sometimes going for the cheapest thing isn’t the best idea. There’s that nasty saying, You get what you pay for.
But there’s always the exception. I say this from a place of experience. Our insurance company, Builder’s Risk specializes in insurance for contractors. We’ve been at it for more than a decade. With this much experience under our belts, we know which carriers are the best.
What does this mean to you? See, not every construction insurance company cares about their clients or their good reputation like we do.
So, when did you find out that your cheap insurance isn’t good insurance? Were you one of the lucky contractors who remembered to have your insurance assessed after a year? Businesses in the construction industry are constantly evolving. Your company may have grown. You may have chosen to downsize. You may have moved to another state. All of these can affect your insurance coverage.
Maybe you aren’t so lucky. Did you have a horrible shock when you discovered that your insurance didn’t cover the theft of your tools? Or, for example, the profits you lost owing to a delay in the completion of the building you were renovating? If this happened to you, you’re lucky to still have a business.
We have seen contractors who bought cheap coverage from less experienced insurance companies and ended up losing everything. Without the right coverage, you are in danger of losing your:
Finding a reliable insurance company can be overwhelming. There are so many to choose from. Do you go with a national company? Many contractors worry that a state-wide insurance company won’t know enough about their state or the construction business challenges there.
What about a local insurance company? But, does a local company have the same range of carriers to choose from? Will they be able to get the best rates in the industry.
So, what do you do to get cheap Construction Insurance from a company you can trust?
Give us a call at 877-960-0221. At Builder’s Risk, we focus on you and your construction insurance needs. We have over 15 companies we write through to get you the best value for your money. Our agents will walk you through all the different policy options. With our advice and assistance, you won’t make the same mistakes again.