COMMERCIAL INSURANCE
Builders' Risk Insurance

About Builders' Risk Insurance
Builder's Risk Insurance protects the structure that is under construction. This is a custom policy that may included coverage for potential property damage and could even cover of costs if your project runs past deadline. Your Builders Risk Insurance policy may be written to cover the whole structure for new construction or for the cost of Remodeling and Renovation projects including smaller projects such as a deck, a new room addition, or a remodeled kitchen. 
A basic Builders Risk Insurance Policy will cover:

• construction materials, supplies,
• machinery, equipment,
• fixtures for a building project
• while at the work site, as well as in transit, or at any temporary location.

Builders Risk Insurance also helps to insure a contractor’s interest by preventing:

• financial loss resulting from new and unexpected zoning regulations
• equipment testing;
• temporary structures like scaffolding;
• valuable papers and contracts;
• debris removal; and
• site preparation, including re-excavating or re-grading land.

In most situations, builders must have at least two years experience unless otherwise qualified. BLG Insurance Specialists have extensive experience offering customized builders risk insurance plans for both the residential and commercial builder. The Builder’s Risk Insurance Policy can be issued in the name of the builder or in the name of the homeowner if the builder qualifies.

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Annual Review
At BLG, we strongly recommend you review your insurance coverage at least once a year. Your commercial situations may have changed.  Or, maybe you’ve made a few major purchases throughout the year that should have extra coverage.  Inflation or depreciation can affect the value of your properties and their contents.  Call BLG now to review, renew or establish your customized insurance policy that fits your world.