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Why You Need Builders Risk Insurance


If you own a building in Georgia you buy commercial property insurance to cover possible loss or damage to your investment. Most commercial insurance policies have provisions that cover incidental construction or improvements to the building. If your business is involved in new construction or a remodel of your current building, you will want to consider a builder’s risk policy.

Why You Need Builder’s Risk Insurance

  1. Property insurance policies are renewed annually; they are not structured to provide consistent or guaranteed coverage levels for multi-year construction projects.
  2. A stand alone builder’s risk policy can provide contractors, and/or the building owner, with important protections that are not typically contained in the property insurance policy.
  3. A builder’s risk policy also provides property insurance coverage for the entire duration of a project.

Who Should Consider Builder’s Risk Insurance?

There are a number of parties involved in a new construction project.  Each party has an interest in the project, and might consider builder’s risk insurance. The contractor, project manager, and building owners all have interests that need to be protected.

A builder’s risk policy can be tailored to provide soft costs, including additional advertising expenses, interim interest expenses on a construction loan, project refinancing costs and legal fees. Through project-specific and appropriate coverage, stand alone builder’s risk policies can protect the financial interests of both the project owner and the contractor

We offer business insurance tailored for your needs through a stable of highly rated companies who have proven to be competitive and committed to excellent customer service. Business Auto along with Workman’s Comp. make up a significant part of a company’s overhead. We have developed strategies that can qualify you for substantial discounts, eliminate down time and create better cash flow.