Builders risk insurance, also known as construction insurance, is a type of insurance that protects construction projects from physical loss or damage. It covers a wide range of risks, including fire, theft, vandalism, weather events, and accidents. Builders risk insurance is an essential investment for any construction project, regardless of size or complexity.

What Does Builders Risk Insurance Cover?

Builders risk insurance typically covers the following:

• Physical damage to the structure and its contents: This includes damage to the building itself, as well as to materials, equipment, and other property that is being stored on the job site.

• Loss of income due to delays: If construction is delayed due to a covered peril, builders risk insurance can help to cover the loss of income that the contractor experiences.

• Liability claims: If someone is injured or their property is damaged on the job site, builders risk insurance can help to cover the liability costs.

Why Do I Need Builders Risk Insurance?

There are a number of reasons why you need builders risk insurance, including:

• To protect your investment: Construction projects can be very expensive, and builders risk insurance can help to protect your investment in the event of a loss.

• To meet contractual obligations: Many construction contracts require contractors to carry builders risk insurance.

• To protect your clients: Builders risk insurance can help to protect your clients from financial losses if their property is damaged or destroyed during construction.

• To give you peace of mind: Builders risk insurance can give you peace of mind knowing that your construction project is protected from a variety of risks.

How Much Builders Risk Insurance Do I Need?

The amount of builders risk insurance you need will vary depending on the size and complexity of your construction project. Typically, builders risk insurance coverage is equal to the total value of the project.

How to Choose the Right Builders Risk Insurance Policy

When choosing a builders risk insurance policy, it is important to consider the following factors:

• The type of coverage you need: What types of risks do you need to be covered against? Do you need coverage for physical damage, loss of income, and liability claims?

• The cost of the policy: How much can you afford to spend on builders risk insurance?

• The reputation of the insurance company: Is the insurance company financially stable and has a good reputation?

• The claims process: How easy is it to file a claim with the insurance company?

Why Choose Deerfield Advisors for Builders Risk Insurance?

Deerfield Advisors is an independent insurance agency that specializes in builders risk insurance. We have a team of experienced and knowledgeable insurance agents who can help you find the right policy for your needs and budget.

We also offer a variety of discounts, including:

• Multi-policy discounts: If you have other insurance policies with Deerfield Advisors, you may be eligible for a multi-policy discount.

• Good safety record discounts: If your construction company has a good safety record, you may be eligible for a good safety record discount.

• Industry discounts: We offer discounts to construction companies in certain industries.

Contact Deerfield Advisors Today for a Free Builders Risk Insurance Quote

If you are interested in getting a free builders risk insurance quote from Deerfield Advisors, please contact us today. We can help you find the right policy for your needs and budget.