MUFSON BAND BUILDER’S RISK INSURANCE BROKERS
Build with peace of mind.
If you’re seeking coverage for commercial or residential installations, remodels, or new construction projects, builder’s risk insurance may be a viable option. This typically covers repairs related to damage from fires, vandals, or the elements. Other soft costs, like lost sales revenue, additional interest accrued on loans, and more, may be covered if they’re caused by delays. There are four types of builder’s risk insurance policies. Explore which ones might be right for you.
Single Project Policy
Also called a one-shot policy, a single project policy is geared toward commercial and residential property owners or contractors that need coverage for a single new project. This covers construction, installation, and remodeling.
Reporting Form Policy
A reporting form policy is the ideal option for a contractor that has more than one new commercial or residential construction.
Blanket Deposit Premium Policy
The best candidate for a blanket deposit premium policy is a contractor who averages 25 or more new commercial or residential construction projects annually. This streamlines coverage, housing multiple projects under the same policy.
Blanket Installation Policy
If you are a contractor that primarily focuses on installations, a blanket installation policy may be the right policy for you. It provides coverage for equipment and materials that are installed across multiple commercial and residential properties.
EXPERT GUIDANCE
Looking for direction? We’re here to help.
If you’re wondering which builder’s risk insurance policy is right for you, get in touch with our advisors today. We’re here to walk you through your options during our free insurance evaluation. Our team will help you analyze your risks and explore the available policies, so you can act in the best interest of your business before putting any money down.
