Builders & Contractors Property Insurance
Builders & Contractors face unique property risks. That's where unique insurance products come in: Builders Risk & Contractors Equipment.
Builders Risk insurance covers residential & commercial building properties in the course of construction. This type of coverage can also apply to remodeling efforts.
There are 2 types of Builders Risk Policies:
Single Structure or 'One Shot' policies protects 1 structure, as opposed to a number of projects. These policies are ideal for builders who build/remodel 5 or fewer structures per year. Premium can be as low as $375/structure under these policies.
Reporting Form policies protects multiple structures and is ideal for builders with many structures simultaneously constructed.
Beyond the standard perils covered in policies - other important coverages include:
Property at Offsite storage locations
Property in Transit
We are proud to offer carrier, US Assure, a Builders Risk Insurance Market Leader that offers all these important coverages.
Examples of Builders Risk policies US Assure has issued include:
$32.6 million church
$24 million school
$12.4 million condo renovation
$5 million auto showroom
Contractors Equipment to be insured includes the following:
Landscaping & Lawn Equipment
Cargo & Utility Trailers
Horse & Livestock Trailers
Equipment Insurance International (EII) offers coverage for all these types of equipment.
Established in January of 1984, Equipment Insurance International (EII) is the premier Managing General Agency specializing in Physical Damage Insurance on Agricultural, Commericial, Construction, Industrial, Recreational Equipment & Trailers.
Since 1977, US Assure has delivered leading construction solutions. US Assure is the administrator of the Builders Risk and Contractors Equipment programs insured by Zurich.
Fenix Risk Management is an independent insurance agency proudly serving families & businesses in the Southeast. Fenix Risk Management represents EII & US Assure.
Simmy is an adviser at Fenix Risk Management.
Note: the opinions expressed in this blog are that of the author, not of any other individual or organization referenced.