While the builders risk insurance sector continues to remain profitable, economic and environmental uncertainties within the construction industry are forcing builders and insurers to rethink their strategies.
As the builders risk market evolves through a changing economic and physical landscape, agents play a key role in protecting the interests of the insured.
“There is a growing focus on sustainability and green building practices in the construction industry, which can impact insurance requirements and the coverage needed,” says independent agent Jase Riggs.
An independent agent can provide the benefit of their knowledge and expertise to ensure their clients are adequately covered during a home renovation or remodeling.
From rising rates and inflation to catastrophes and labor shortages, independent agents can help clients balance the many factors impacting the builders risk market.
