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How Coronavirus is Schooling Contractors about Insurance

How Coronavirus is Schooling Contractors about Insurance

The purpose of Contractor General Liability Insurance is to mitigate your financial risk. However, Coronavirus has highlighted risks that you may not have taken into account. The pandemic is unprecedented, bringing with it a realization of how vulnerable our...
Does Construction Company Insurance Protect Your Tools?

Does Construction Company Insurance Protect Your Tools?

Construction company insurance is a term that applies to the various types of insurance that protect contractors in the course of your work. Not all policies offer coverage for all risks. In fact, different policies focus on specific risks. It is advisable for...
The Definitive Guide to the Builder’s Risk Insurance Policy

The Definitive Guide to the Builder’s Risk Insurance Policy

A Builder’s Risk Insurance Policy is an excellent way to protect your investment in your construction project.  Let’s talk about the key characteristics of a policy:   What is it for? Who can get it? What coverage does it give you? How long is it valid? How much...
Course of Construction Insurance Protects Contractor Profits

Course of Construction Insurance Protects Contractor Profits

Course of Construction Insurance means you can protect your profits from unexpected damages.  You can secure the financial success of your project, whether it is a big commercial development or a residential project.   It is the cheapest way to transfer your risk of...
What is Course of Construction Insurance?

What is Course of Construction Insurance?

Course of Construction Insurance is property replacement coverage. You can purchase it for certain types of building projects. You’ll also it as Builder’s Risk Insurance.  Its purpose is to protect your company from unexpected damages that can erode your profits...
Builder’s Risk Covers Theft of Materials

Builder’s Risk Covers Theft of Materials

Building insurance reduces financial liabilities associated with construction site risks. One key risk is the loss of building materials through theft. Replacement of stolen materials can take between 25% to 30% of the total project expenditure. This is a high cost to...