Why Contractors Need a Charlotte Builder’s Risk Insurance Policy

Written by on 6/30/2015 10:00 AM . It has 2 Comments.

You spent countless hours preparing a bid, answering the client’s questions, and understanding their specifications. Beating out dozens of other major construction companies, you were awarded the job. It’s the biggest you’ve ever won. Now you’re hiring new people, finding new subcontractors, and looking forward to adding this project to your list of satisfied clients.

Then disaster strikes. A fire takes out most of the job site. The job is on hold indefinitely as the cause of the fire is investigated. Your clients have determined they don’t have the money to start over.

Very little can prevent fire and theft, but the job could have continued if you or your client had builder’s risk insurance.

In a perfect world, your clients would purchase the insurance themselves in order to make sure their own investment is well protected. When they won’t or can’t, you can purchase your own coverage. Consider it a value add for them, and extra peace of mind for everyone.

WHAT IS BUILDER’S RISK INSURANCE?

Your liability insurance will protect you from lawsuits when accidents happen or an employee screws up. A builder’s risk policy kicks in when an unfinished building project is damaged or destroyed for a variety of reasons: fire, theft, some natural disasters, lightning, explosions, and other causes. This kind of policy can cover the building materials and/or the structure.

Instead of a job being put on hold indefinitely, this kind of insurance will cover the cost of replacing what was lost, and get you back to work quicker. Consider a Charlotte builder’s risk insurance policy for added protection for you and your business, above and beyond your typical coverage.

WHAT KIND OF COVERAGE IS AVAILABLE?

The specifics of your coverage will depend on the policy you choose. Work with your insurance agent and share the details of specific jobs to give them an idea of the best coverage for you. Here are a few things to ask about:

  • Coverage for scaffolding, office trailers, fencing, signs, cribbing, and more.
  • Soft costs like legal fees, taxes, and architect fees that can and will continue to accrue after the job site goes down.
  • Equipment breakdown coverage – including testing and inspections that may be needed to get your equipment back to work.
  • Risk management practices to avoid disasters and problems.
  • Theft of building materials and equipment, whether it’s on site, in transit, or in storage.

If you’ve been in business for a while, you know that whatever can go wrong, will. It only makes sense to make sure you have the right insurance coverage to pick up the pieces and keep working.

Think about your worst nightmare during new construction. Now imagine that there’s no way to recover, no way to get help, and no way to keep working. A Charlotte builder’s risk policy can’t fix every problem, but it goes a long way to keeping your job running even when the worst happens. Contact us today so we can answer your questions and work up a free quote for your business.

Comments

Got something to say? Join the discussion »
  1. jingting17's avatar jingting17
    http://www.curry4-shoes.us.com/ stephen curry new shoes
    http://www.pandora-jewelrysale.us.com/ pandora jewelry
    http://www.airmax90shoes.us.com/ nike air max 2017
    http://www.nikeairmax-90.us.com/ nike air force
    http://www.pandorajewelryscharms.us.com/ pandora bracelet
    http://www.lebron15-shoes.us.com/ lebron 11
    http://www.katespadepurses.us.com/ kate spade backpack
    http://www.fitflopsshoes.us.com/ fitflop uk
    http://www.jordans11shoes.us.com/ jordan 8
    http://www.yeezyboost350shoes.us.com/ yeezy
    http://www.nikeairvapormaxflyknit.us.com/ nike air vapormax flyknit
    http://www.pumafentyrihannashoes.us.com/ puma shoes for women
    http://www.pandorajewelryrings.us.com/ pandora
    http://www.adidas-ultraboost.us.com/ adidas ultra boost women
    http://www.birkenstocksandalssale.us.com/ birkenstock sale
    http://www.kyrie-4.us.com/ kyrie 2 shoes
    http://www.kd10-shoes.us.com/ kevin durant shoes
    http://www.louboutinredbottoms.us.com/ louboutin trainers
    http://www.fitflops-sale.us.com/ fitflop sandals
    http://www.salomonspeedcross3.us.com/ salomon xa pro 3d
    http://www.jordan11spacejams.us.com/ air jordan
    http://www.adidasnmdrunnerr1.us.com/ adidas originals nmd
    http://www.longchampbag.us.com/ longchamp le pliage
    http://www.hermesbirkin-handbags.us.com/ hermes birkin
    http://www.adidasyeezy-350.us.com/ adidas boost
    Reply 5/13/2018 2:51 PM
  2. yanxia39's avatar yanxia39
    http://www.jordans11shoes.us.com/ jordan shoes
    http://www.nikeairvapormaxflyknit.us.com/ nike air max
    http://www.salvatore-ferragamo.us.com/ salvatore ferragamo
    http://www.lebron15-shoes.us.com/ lebron shoes
    http://www.adidas-yeezyboost350.us.com/ yeezy boost 350
    http://www.airmax90shoes.us.com/ nike air max 95
    http://www.swarovskis.us.com/ swarovski bracelet
    http://www.redbottom--shoes.us.com/ christian louboutin shoes
    http://www.nikeairmax-97.us.com/ air max 97 silver bullet
    http://www.nike--shoes.co.uk/ nike air max 270
    http://www.cartier-bracelet.us.com/ cartier glasses
    http://www.rayban--glasses.us.com/ ray ban
    http://www.ralphlauren--polo.us.com/ ralph lauren dresses
    http://www.skechers--shoes.us.com/ skechers outlet
    http://www.supreme--clothing.us.com/ supreme
    http://www.airmax270.co.uk/ nike air max 270
    http://www.katespadebags.us.com/ kate spade outlet
    http://www.nikeairmax-90.us.com/ air max 90
    http://www.pandorajewelryscharms.us.com/ pandora jewelry official site
    http://www.stephen-curry-shoes.us.com/ curry 4
    http://www.nikeairmax270.org.uk/ nike air max 95
    http://www.jimmychooheels.us.com/ jimmy choo shoes
    http://www.katespadepurses.us.com/ kate spade handbags
    http://www.huaraches.us.com/ huarache shoes
    http://www.polo-ralph-lauren.org.uk/ ralph lauren, polo
    http://www.kd10-shoes.us.com/ kd shoes
    http://www.adidas-superstarshoes.us.com/ adidas superstar shoes
    http://www.goyardbag.us.com/ goyard bag
    http://www.louboutinredbottoms.us.com/ christian louboutin
    http://www.fitflopsshoes.us.com/ fitflop
    http://www.pandora-jewelrybracelet.us.com/ pandora rings
    http://www.nike-airmax270.us.com/ nike air max 270
    http://www.michael-kors-bags.us.com/ mk handbags
    http://www.air-max-97.us.com/ air max 97 womens
    http://www.james-hardenshoes.us.com/ james harden shoes
    http://www.montblancs.us.com/ mont blanc sale
    http://www.pandoras-jewelrys.us.com/ pandora rings
    http://www.salomon--shoes.us.com/ Salomon Boots
    http://www.ferragamoshoess.us.com/ ferragamo
    http://www.true--religion.us.com/ true religion
    http://www.uggs--boots.us.com/ ugg
    http://www.pandorauk.us.com/ pandora bracelet
    http://www.pandoraearrings.us.com/ pandora rings
    http://www.airmax-2018.us.com/ nike air max 2018
    http://www.airmax95.co.uk/ air max 95
    http://www.adidasnmds.co.uk/ adidas nmd r1
    http://www.air-max-270.us.com/ air max 270
    http://www.chromehearts-jewelry.us.com/ chrome hearts
    http://www.prada--bags.us.com/ prada bags
    http://www.fitflops-sale.us.com/ fitflop
    http://www.birkenstock--sandals.us.com/ birkenstock outlet
    http://www.kyrie-irving-shoes.us.com/ kyrie
    http://www.asics--shoes.us.com/ asics running shoes
    http://www.mcm--bags.us.com/ mcm bags
    http://www.oakley--sunglassess.us.com/ oakley
    http://www.balenciagas-sneakers.us.com/ balenciaga shoes
    http://www.nikelebron15.us.com/ lebron
    http://www.mcms.us.com/ mcm handbags
    http://www.birkenstocksandalssale.us.com/ birkenstock sale
    http://www.jordan--11.us.com/ jordan 11
    http://www.swarovskisjewelry.us.com/ swarovski necklace
    http://www.yeezyboost350v2.co.uk/ adidas yeezy
    http://www.bvlgaris.us.com/ bvlgari
    http://www.longchampbackpack.us.com/ longchamp handbag
    http://www.nike-huaraches.us.com/ nike huarache
    http://www.ralphlaurenspoloshirts.us.com/ polo ralph lauren
    http://www.moncler-coat.us.com/ moncler jacket mens
    http://www.valentino--shoes.us.com/ valentino sandals
    http://www.nike--vapormax.us.com/ nike air vapormax flyknit
    http://www.hermes--belt.us.com/ hermes
    http://www.fitflop--shoes.us.com/ fitflop
    http://www.adidasyeezy-350.us.com/ adidas yeezy
    http://www.jordan11.co.uk/ jordan retro 11
    http://www.ultra--boost.us.com/ adidas ultra boost uncaged
    http://www.adidasyeezys.org.uk/ yeezy
    http://www.prada--handbags.us.com/ prada bags
    http://www.chrome--hearts.us.com/ chrome hearts ring
    http://www.jordan11spacejams.us.com/ space jam 11
    http://www.rayban-glasses.us.com/ ray ban glasses
    http://www.northface-jacket.us.com/ north face coats
    http://www.fitflop--sandals.us.com/ fitflop shoes
    http://www.adidas--shoes.co.uk/ adidas trainers
    http://www.truereligion--jeans.us.com/ true religion jeans for women
    http://www.curry4-shoes.us.com/ curry 4 shoes
    http://www.redbottoms-louboutin.us.com/ red bottoms
    http://www.new--balance.us.com/ new balance golf shoes
    http://www.nikeairmax97.co.uk/ nike air max 90
    http://www.eccoshoesoutlets.us.com/ ecco mens shoes
    http://www.oakley--glasses.us.com/ oakley prescription sunglasses
    http://www.nikeairmax-95.us.com/ nike air max 95
    http://www.coach--bags.us.com/ coach purses
    http://www.kyrie-4.us.com/ nike kyire
    http://www.supremeshirt.us.com/ supreme jacket
    http://www.mulberry-handbags.us.com/ mulberry bag
    http://www.burberry--scarf.us.com/ burberry outlet
    http://www.pandora-charmsjewelry.us.com/ pandora
    http://www.jordanretro11-shoes.us.com/ jordan retro 11
    http://www.under-armour-shoes.us.com/ stephen curry shoes
    http://www.pandorasjewelry.co.uk/ pandora charm
    http://www.skechersuk.co.uk/ skechers boots
    http://www.kevin-durant-shoes.us.com/ kd 10
    http://www.adidas-yeezy-shoes.us.com/ Yeezy Boost 350 V2
    http://www.pandorajewelryrings.us.com/ pandora charms
    http://www.celines.us.com/ celine,celine bag
    http://www.ray--ban.us.com/ ray ban aviator sunglasses
    http://www.adidasoriginalsultraboost.us.com/ adidas ultra boost uncaged
    http://www.monclerjacketwomens.us.com/ moncler coat
    http://www.adidasnmdrunnerr1.us.com/ adidas nmd r1
    http://www.adidasnmd-womens.us.com/ adidas nmd
    http://www.pandoras-uk.co.uk/ pandora uk
    http://www.pandora--rings.us.com/ Pandora Jewelry
    http://www.monclerjacket.org.uk/ moncler
    http://www.lacosteshirts.us.com/ lacoste outlet
    http://www.adidas-ultraboost.us.com/ adidas ultra uncaged
    http://www.salomonspeedcross3.us.com/ salomon speedcross 4
    http://www.pandora--jewelrys.us.com/ pandora charms
    http://www.christianlouboutinredbottoms.us.com/ louboutin
    http://www.katespade--outlet.us.com/ kate spade
    http://www.burberrys.org.uk/ burberry backpack
    http://www.moncler--jacket.us.com/ moncler jacket
    http://www.skecherss.us.com/ skechers uk
    http://www.asicss.us.com/ asics womens running shoes
    http://www.burberry-bags.us.com/ burberry scarf
    http://www.monclerjacketmens.us.com/ moncler,moncler jacket
    http://www.ray--bansunglassess.us.com/ ray ban sunglasses
    http://www.airjordan11spacejam.us.com/ jordan 11
    http://www.monclers.uk/ moncler jacket mens
    http://www.air-max-95.us.com/ nike air max 95
    http://www.polo-ralphlauren-outlet.us.com/ ralph lauren polo shirts
    http://www.nikeair-max.co.uk/ nike air max 97
    http://www.adidasoriginalsnmd.us.com/ adidas originals nmd
    http://www.longchampbag.us.com/ longchamp
    http://www.ugg--slippers.us.com/ uggs on sale
    http://www.michaelkors-handbagss.us.com/ mk handbags
    http://www.barbours.org.uk/ barbour outlet
    http://www.uggs-forwomen.us.com/ uggs for women
    http://www.balenciaga--shoes.us.com/ balenciaga
    http://www.nike-airmax-2018.us.com/ air max 2018
    http://www.hermesbirkin-handbags.us.com/ Hermes Handbags
    http://www.pumarihannafenty.us.com/ rihanna puma shoes
    http://www.chromeheartsjewelrys.us.com/ chrome hearts necklace
    http://www.salomon-boots.us.com/ salomon xa pro 3d
    http://www.goyardbackpack.us.com/ goyard
    http://www.vapormaxs.us.com/ nike air vapormax
    http://www.salomonshoes.co.uk/ salomon shoes
    http://www.ed-hardys.us.com/ ed hardy clothing
    http://www.northfacejacketoutlets.us.com/ womens north face jacket
    http://www.pandora-jewelrysale.us.com/ pandora bracelet
    http://www.barbourjackets.co.uk/ barbour outlet
    http://www.uggsformen.us.com/ ugg,ugg slippers
    http://www.yeezyboost350--v2.us.com/ yeezy
    http://www.mulberrys.org.uk/ mulberry
    http://www.air-max-90.us.com/ nike shoes
    http://www.mbts.us.com/ mbt mens shoes
    http://www.yeezyboost350shoes.us.com/ yeezy boost 350
    http://www.nikeair-max90.co.uk/ nike air max 2018
    http://www.nikekdshoes.us.com/ kevin durant shoes
    http://www.coachbags-outlet.us.com/ coach wallet
    Reply 8/2/2018 9:18 PM

Leave a Reply

 [Quick Submit with Ctrl+Enter]

Remember my details
Notify me of followup comments via e-mail