Builder’s Risk Insurance
Builder’s Risk Insurance – What is it?
It is a business insurance policy that protects buildings that may be under construction, being remodeled or under renovation. This applies to all industries such as commercial, industrial and residential. It is a policy that is essential for any construction or contracting firm that is involved with renovation, installation or construction of any kind.
There are many scenarios that can go wrong during construction or renovation. While we hope that nothing goes grow, it is inevitable that eventually an event may arise. Making sure that you have the correct coverage and amount with Builder’s Risk Insurance is not only imperative but also a smart move on your part. Create the sense of ease by purchasing a Builder’s Risk Insurance and assure yourself and your crew that you are covered in the event of an accident.
What may be covered with Builder’s Risk Insurance?
- Cost of moving earth
- Job site materials and equipment
- Items in transit
- Property that is under construction
- Many other specific risks depending on site
Who should receive Builder’s Risk Insurance?
There is a multitude of businesses and individuals that should purchase this policy. Commonly these businesses purchase a Builder’s Risk Insurance policy:
- Home Builders
- Deck Builders
- Bathroom and Kitchen remodelers and builders
- Commercial property owners and developers
- Residential property owners and developers
- Home renovators and remodelers
- Any group that has an interest in construction
Contact Carlisle Insurance Services and speak to a trained and professional representative that can assist you in finding the appropriate amount to be covered for. Do not let another day go by without having this essential insurance policy in place. Call us today to speak with a representative that can maximize your coverage while keeping the price well within your budget.