The Builders Risk Program provides commercial inland marine insurance coverage for residential and commercial general contractors for structures under construction. This program is designed to meet the needs of the small to large home builder, commercial contractor and remodeler.
Builders Risk policies provide coverage on buildings or structures in the course of construction, erection or fabrication. Coverage is for direct physical loss, unless the loss is excluded. Building and structures in the course of construction is limited to:
Materials and supplies that will become a permanent part of the building or structure
Foundations, excavations, grading, filling, attachments, permanent fencing and other permanent fixtures
Scaffolding, construction forms or temporary fencing at the jobsite
Temporary structures at the jobsite
Buildings in the course of construction that need to secure a loan are eligible for a flood policy prior to the start of construction. Coverage is also available for building materials housed in an enclosed building on or near the insured premises. Be smart - protect your investment and all your building materials with a Flood Insurance policy.
Did you know that even though the National Flood Insurance Program only insures buildings and not the land, there are special exceptions for buildings that have yet to be walled and roofed? Your Builders Risk or Commercial General Liability policy does not cover damages caused by flood waters.
Our insurance affiliate, Bonded Builders Insurance Services, can help you assess your business risks on an individual basis. Whether you already have coverage in place or need help finding coverage including Builders Risk, Flood, General Liability, Commercial Auto or Workers' Compensation, our insurance experts can provide the solutions to meet your specific needs. To get started, call Rod Levering at 844-845-7483 or email him at firstname.lastname@example.org.