Getting the right Insurance Company in Arkansas for your framing business is easier than you think. Sadly, your business is exposed to numerous risks. So, how do you find an insurance partner who caters to your specific needs?
The construction industry in Arkansas has been on a steady rise. As a result, this is reflected in the 2.5% increase in construction employment between January 2019 and January 2020. Moreover, as a framing contractor, you make up a vital part of this workforce.
Let’s take a look at why Builder’s Risk Insurance is a policy that will benefit your Framing business.
As a framer, you have numerous responsibilities. From building the foundations to ensuring that the roof and walls are stable. As a result, due to the nature of your work, Builder’s Risk insurance is a policy that will give your business the protection from financial risk it needs. Moreover, Builder’s Risk provides coverage for any new construction sites or renovations. Hence, it prevents financial liability resulting from damage or loss.
Your insurance provider will determine how well your business recovers from a disaster. In this article, let’s take a look at 5 key things to look for when selecting an insurance provider.
Your business headquarters may be located in Arkansas, but the scale of your operations is not limited. Therefore, your framing business needs consistent support as it ventures into new markets. Find an insurance company that aligns itself with your growth potential.
Our Insurance Company in Arkansas is part of a wider network. Moreover, we work with 15 carriers across different states. Thus, our policies comply with the requirements in different states.
Business needs are often layered, especially within the construction industry. Insurance companies cannot offer a “one size fits all” policy. In addition to Builder’s Risk insurance, we can provide:
Different projects require different levels of insurance coverage. As such, your coverage is determined by the project location and size. Some insurance providers exclude some policies in a bid to lower premium costs. As a result, this can be detrimental to your business. Policy exemptions equal less coverage. Pick an insurer with comprehensive policies.
Time is money. Your insurer should understand your need to get a project up and running.
Our affiliate companies will make sure that you get your Builder’s Risk insurance certificate within hours. All you need is:
Due to the nature of your work you will need to take up a Builder’s Risk insurance policy for every new project. The cost of the premium could be determined by:
It is important to get an insurer whose rates match your exposure. Look out for flexible payment plans such as an ability to make payments from escrow.
If you are looking for an Insurance Company in Arkansas, pick one that is aligned to your company’s vision. Give us an opportunity to serve you and your business. To get in touch, call Builder’s Risk Insurance on 887 960 0221.