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Builders have a great deal of equipment with the potential of damage or destruction, and at any time it could be lost. Select one coverage and get a free quote today.
BASIC
Essential coverage for your customers
Includes:
STANDARD
To protect your customers and your property
All Basic plan benefits and:
PRO
Get protected against employment-related issues
All Standard plan benefits and:
*plus Workers Compensation
CUSTOM
When you have specific requirements
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With the commercial vehicles use and dangerous tasks completed by your employees, there is a great deal of risk that needs coverage for their safety and yours in the long run. Prevent lawsuits of injury, illness, improper construction or more with the many policies we offer.
A builder's risk insurance policy is designed specifically to protect buildings and structures that are under construction, development or renovation. It can cover construction materials, labor costs, temporary structures, false work, construction signs and even plants or trees.
A wrap-up insurance policy is a type of insurance that protects contractors and subcontractors working on a construction project. The insurance is intended for projects that will be over $10 million in cost.
An installation floater insurance offers protection to contractors where builder's risk policy won't be appropriate for the project. It is also an excellent insurance for projects that are focused on improvement rather than new construction.
No two projects are ever the same. Which is why there is no easy formula for determining the policy costs. Project type, location, construction type and risk factor are just some of the things that affect the cost of builder's risk insurance.
Whether you design and build houses or commercial buildings, buyers look to builders for a safe place to run their business or turn into a home for their family. Builders need insurance to protect themselves from unexpected incidents that can result in a lawsuit. Builders risk losing their business, personal assets, and destroying their reputation without the right insurance in place.
Builders within this industry design and build both single family and multi-family homes. For-sale builders maintain ownership of the land, while buyers will own the home. Other general contractors will construct and sell detached homes, townhouses, row houses or other types of homes that include the sale of the land. Companies building multi-family homes will typically build high-rise apartments, condominiums or even townhouse apartments.
Advice Goes Wrong: One builder's risk is giving advice to potential customers. Some builders make recommendations about types of materials to use. If the materials you recommend don’t hold up over time, they can cause deterioration or financial drama.
CoverWallet utilizes state of the art technology to help small businesses understand and buy customized coverage, get significant savings and conveniently manage their insurance, in a matter of minutes, all through our online platform.
Our mission is to help small businesses to be better protected, informed and served. See what our customers are saying.
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