Do you have construction insurance in Birmingham? If not, you could be putting your business at risk. There are many risks your project faces. Without the right coverage you could be caught short and risk financial loss. You can plan your work and take great care. But unforeseen events out of your control could scupper your best laid plans. This is when Builder’s Risk insurance can make the difference between your project being a great success – or see you suffer a loss.
Let’s take a look at why you should get Builder’s Risk Insurance in Birmingham, AL.
When you have insurance in Birmingham, you know you have coverage for some of the things that could go wrong. The purpose of insurance is to pass the risk of an adverse event happening on your project, on to someone else.
Typically, the types of risk you are insuring will have a low risk of happening. But if they did occur, you would suffer a potentially serious financial loss. An example would be a bad weather event that damages your construction material. If you did not have Builder’s Risk insurance you would have to replace this material out of your own pocket, and this could be a significant cost.
Builder’s Risk insurance is specialized insurance coverage for certain types of construction projects. You should already have coverage in the form of General Liability and Workers Compensation. But you are still exposed to some risks typical to a building project.
Some of the items you can include in your policy include:
The above is not a comprehensive list of all that can be included in your coverage. Each project and business is unique. When you get your insurance in Birmingham it can be customized for your needs and situation.
At Builder’s Risk we have more that 20 years of experience providing coverage to contractors, developers, builders and homeowners. We have earned an A+ rating in the industry. Our experts will make sure you get the right insurance in Birmingham for your project. Get started on your tailor-made policy today by calling Builder’s Risk at 887 960 0221.