Find out all about Builder’s Risk Insurance. What is it? Who needs it? How much does it cost? And, what to watch out for.
But, where?
For example, here are 3 interesting things about Builder’s Risk Insurance:
In fact you can find out more on the Contractors Liability blog. So, read our articles.
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 …
The most sought-after policy offered by construction insurance companies is Builder’s Risk Insurance. That is because some risks continue to plague the construction industry and increase instances of loss. According to Associated General Contractors of America, 80% of construction professionals …
There are many types of Construction Insurance policies to choose from; however, one of the most popular remains one of the most misunderstood. Contractors usually shop for Builder’s Risk Insurance based on the price, not the coverage. That can lead …
A building under construction is a common target for theft. According to the National Insurance Crime Bureau (NICB) and National Equipment Register (NER), The financial cost of equipment theft varies from $300 million to $1 billion yearly. Once you include …
An insurance checklist for contractors can help you narrow down your specific insurance needs as a contractor. The best insurance coverage for contractors is essential for a number of reasons. It will help you get more jobs, protect your business …
For contractors, the difference between investing in Builder’s Risk Insurance and Inland Marine coverage might not be relevant. Maybe it is better to have them both. But before you can make this decision, you need to know more about these …
Why do you need Workers Compensation for sub-contractors? While the benefits of Builder’s Risk and Workers Compensation are clear cut, one question remains: Is Workers Compensation your responsibility when it comes to sub-contractors? Business owners purchase insurance to limit liability …
Contractors are increasingly turning to Builder’s Risk policies to protect their investment. A five-year period ending 2018 saw builders file claims totaling $8.8bn. This number will increase further in the coming years due to labor dynamics and more frequent natural …
Do you need Builder’s Risk Insurance for homeowners or Homeowner’s Insurance? 90% of property owners have some form of insurance. But there are key differences between Homeowners Insurance and Builder’s Risk Insurance. In this article, let’s take a look at …