Working in the builders risk market gives independent agent Shyla Lankford a sense of accomplishment. “Being able to watch the progress of a project go from empty land to a beautiful building and knowing that you were a part of that is exciting and fulfil
What many contractors don’t understand is that a surety bond doesn’t protect the contractor. It protects the project owner from loss by the surety if the contractor fails to fulfill their obligations.
Independent agent Frances Blanks started her agency when the chief judge of the county probate court asked her for help. “I put everything together—the companies, space and everything necessary to run a business,” she says.
When providing a client with a builders risk policy, it’s important to read the coverage forms carefully. Here are three crucial builders risk definitions that vary by policy.
The U.S. construction industry generates nearly $1 trillion worth of structures each year—and that translates to big opportunities for your builders risk insurance book in 2018.
Independent agent Shelli Lucus-Kennedy comes from a family of developers. “I speak builder,” she says—and that has helped her carve out a significant niche in the construction industry over the course of her 40-year insurance career.
Although agents work hard to avoid facing errors & omissions claims, many are not aware of potential issues that can arise when handling bonds. Here are some common surety-related missteps that can create E&O exposures—and how to avoid them.
After working in the auto dealership business for 12 years, Shawn Gustafson needed a change. He never guessed the surety business would be the perfect fit.
Your builders risk clients trust you to help them secure effective coverage for their myriad exposures. Make sure tricky policy language doesn’t have a negative impact on their ability to recover from a loss.
Several construction trends are reshaping the way contractors approach their projects—trends that will have a significant impact on the builders risk insurance market this year. Here’s what you need to know.
