Builder’s Risk Insurance

If you’re wondering if you need builder’s risk insurance to protect your business, you’ve come to the right place. Here are some examples of what a builder’s risk insurance policy typically covers.



Fire

A standard builder’s risk insurance policy usually includes coverage for damage from fire and smoke.

Acts of God

Events such as severe storms, hail, and wind.

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Theft

Coverage for losses from theft are included on most standard builder’s risk insurance policies.

 

Vandalism

Events such as damage to your property or equipment during construction.

Does My Business Need Builder’s Risk Insurance? 

No matter the size of your business, not having builder’s risk coverage could put your business at financial risk. Consider talking to your local insurance agent about builder’s risk coverage if you are a:

  • Property Owner
  • Contractor or Subcontractor
  • Lender 

How Much Does Builder’s Risk Insurance Cost?

The cost of builder’s risk insurance is determined by many factors.

If you are interested in learning more about insurance options regarding builder’s risk, please don’t hesitate to contact our experienced team.

Factors that can influence the cost of insurance for private school may include, but are not limited to the following:

  • The types and amounts of coverages you select
  • The cost of property you would like to insure
  • Where is your school located?
  • What your deductible amount will be
  • How many teachers, staff, and other employees do you have?
  • How extensive is your claims history?

What Information Do I Need to Get a Quote for My Business?

When you are shopping for quotes for your company, it helps to be prepared. Below is a list of a few things to have ready, although your agent may need to gather more information and documents.

  • Name & Address(es) of your business
  • Type of Business (LLC, Corp, other)
  • Number of years in business
  • How many employees you have
  • Number of locations you have
  • Name of person who handles HR needs
  • Brief description of operations  

How Much Coverage Does My Business Need?

You know your business better than anyone else. Contact your local office to see options for your business. 

Request A Quote for Your Business Today

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