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.
As a construction specialist with more than 25 years of experience in the commercial insurance industry, independent agent Mike Gale believes coverage for any project should include the financial interests of everyone involved.
To protect residential and commercial construction sites against unique hazards, Schinnerer expands its builders risk program to include commercial, remodel, renovations and installation floaters in addition to residential coverage.
The carriers which Peachtree Special Risk Brokers represents are amending the care, custody and control personal property exclusion in their commercial general liability program to give back coverage for “on-hook” CCC when necessary.
Floods and storm surges can’t be prevented, but builders risk policyholders can take steps to mitigate losses. Here’s how.
Thanks to the ongoing U.S. construction boom, the builders risk insurance market is currently a viable source of revenue for your agency. But in order to play, you first need to understand what you’re getting into.
Pricing in builders risk tends to coincide with two sectors of the U.S. economy: construction and transportation. Wondering what construction trends are affecting builders risk underwriting and pricing? Here’s what’s happening in this fickle market.
If one thing has changed for builders risk insurance over the last decade or two, it’s more competition, according to independent agent Maureen Scholz—and superior coverage forms as a result.
ICBM, a managing general agency created by wholesale broker Swett & Crawford, offers a comprehensive package program for lumber, building materials and secondary forest product industries.