5 Advantages of Builder’s Risk Insurance

1. 5 Advantages of Builder’s Risk Insurance

2. • One amongst the questions that you tend to hear around a lot when having a discussion with construction companies about projects is “who should bear the builders risk insurance policy for the project? Should it be the general contractor or the owner?” • The right answer would be “the general contractor”. • Builders risk insurance policies present some rights to the first name covered, including accountability to pay premiums, collect certain communications and serve as the only agent for the insured parties, in some cases. ➢ Here are 5 advantages of why a contractor should carry the builders risk insurance policy. 1. Coverage control • There might be circumstances wherein a loss takes place, but then the owner is worried about filling an insurance claim. • By giving the responsibility to the contractor, coverage can be utilized to deal with such things prior to them becoming issues. 2. Coverage certainty • Builders risk insurance providers offer policies that possess several optional coverage's that can often be overlooked by an insurance buyer or professional.

3. 3. Best suited post insurance claims • After a loss, it is found that contractors are the best people to get the construction project back on its track. • A contractor is the first name covered on the risk policy and so he/she can get to action straight away to help mitigate the impact of a loss on the project’s schedule. 4. Beneficial terms and conditions • Since contractors are involved in the construction process, it only makes sense that they are customers of the carriers of this insurance type regularly when compared to developers or owners. • In several cases, contractors who ascertain healthy builders risk programs from the best business insurance agency have superior coverage terms, pricing available to back projects. 5. Uphold team focus • By structuring the risk policy properly, the team can take it easy knowing that if there is an incident that happens during the construction process that harms the work. • With the team staying together, the project can be continued to the greatest possible extent.

4. Contact Us • At Business Insurance Center, the best brokers possess the connections and the knowledge to offer you balanced protection at reasonable prices. They help you devise a package that is custom-made to suit your needs. Request a quote for builder’s risk insurance. Website: www.businessinsurancecenter.com Phone: 888.585.0511 Email: info@businessinsurancecenter.com