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Clickable Coverage - Builders Risk

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Created on November 6, 2024

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Transcript

Materials and Supplies Coverage

Risk Factor: The materials and supplies you have on the job site are vulnerable to risks such as theft, fire, or other types of loss or damage. Solution: Materials and Supplies coverage pays for the loss of covered materials and supplies used to complete the construction.

Equipment Coverage

Risk Factor: Your tools and equipment that you use to build are of utmost importance. Losing them to theft or damage could be a major problem. Solution: Add Equipment coverage to protect valuable construction equipment used to complete the project from damage or other forms of loss.

Soft Cost Coverage

Risk Factor: There is often more at stake than what is at the construction site. Damages and delays can affect other parts of your business. Solution: Soft Cost coverage helps with extra costs such as loan interest, lost sales income, rental income, real estate taxes, and more.

Building or Structures Under Construction Coverage

Risk Factor: Your work-in-progress is a risk in the open. Damage from covered weather, vandalism, or other risks can slow or stop a project. Solution: Building or Structures Under Construction coverage helps protect against damage to the building or structure being constructed from covered risks.

Temporary Structures Coverage

Risk Factor: Weather, accidents, and other risks are potential dangers to temporarily erected structures that help you complete key projects. Solution: Adding Temporary Structures coverage to your policy covers structures like scaffolding or signs from damage or other forms of loss.