|
A comprehensive,
flexible plan for Residential and Commercial Builders
Builders Risk Insurance Plan
As a specialist
in insurance for the construction industry, we offer a
wide range of coverages, including:
Theft:
Equipment
to be installed, building and landscaping materials are
covered from the moment they are delivered to the job
site.
Materials in transit and at temporary locations:
Protects job materials as well as office
and tool trailers. Also includes coverage for
materials that are installed or uninstalled, including
landscaping.
Mechanical and electrical breakdown:
Covers
breakdown of
plumbing, air conditioning lines and elevators.
Sewers and drains:
Covers
backup of sewers and drains
with no deductible.
Laws and ordinances:
Provides
coverage for losses due to changes in laws or
ordinances.
Model homes and unsold dwellings:
Optional
coverage protects models and their contents and
completed homes that have not yet been sold.
Profit:
Ability
to include your profit in the total estimated completed
value.
Coverage for
larger commercial jobs
Because of the flexibility of our Builders Risk
Plan, there is no set size or value limitation. While
certain guidelines exist, your agent will be able to
help you insure even the largest and most intricate
residential or commercial job.
Flexible
options
To make the policy work
for your business, we offer you a range of options:
Choice of
reporting form, single structure or deposit premium
policy options gives you the flexibility to pay for the
policy as you build the structure, rather than all at
once
Annual or monthly
rates
Volume
discounts and installment premium payments available for
larger builders
No
deposit or special fee required, which lets you keep
more of the money you make
No
coinsurance penalty on losses under $25,000 if the
structure is properly reported
Overhead
and profit: Optional coverage to insure potential
overhead and profit on a job
Builders
Risk Reward Program: Offers a reward of up to $10,000
for information leading to conviction in the case of
arson, vandalism or theft at the job site Option to have
the policy in the owners name with the builder as an
additional named insured
Policies
available for remodelers, including coverage for the
existing structure if needed
Interest
of subcontractors included theres no need to list
subcontractors or sub-subcontractors as additional
insureds
Contractors Equipment policy
available for mobile equipment and tools used by a wide
variety of contractors The Builders Risk Plan.
|
