Strive Insurance Group, Inc. | Home, Auto, Business & Life Sciences Insurance
  • Home
    • Privacy Policy
  • About
    • Meet Our Team
    • Blog
  • Contact
    • Job Opportunities
    • Client Services >
      • Certificate of Insurance Request
      • Payments
  • Home
    • Life Quote
  • Auto
  • Business Insurance
    • Restaurant Insurance
    • A&E Insurance
  • Life Sciences Insurance
  • Home
    • Privacy Policy
  • About
    • Meet Our Team
    • Blog
  • Contact
    • Job Opportunities
    • Client Services >
      • Certificate of Insurance Request
      • Payments
  • Home
    • Life Quote
  • Auto
  • Business Insurance
    • Restaurant Insurance
    • A&E Insurance
  • Life Sciences Insurance

11/12/2019

0 Comments

What Does Builder's Risk Insurance Cover?

 
Picture

​
Builder's Risk Insurance generally covers the owner, the lending institution, the contractor(s) performing the work, and other related parties. In addition to providing coverage for damage to the building itself, most plans also cover temporary constructs (like scaffolding), materials, and equipment being used (whether it's currently on-site or off-site). The majority of policies are written on an all-perils basis, which means that reimbursements are available for any losses except those specifically excluded.

Common exclusions from this coverage include (but are not limited to):
  • The value of the land itself
  • Employee theft
  • Damages beyond the estimated value of the construction
  • Any losses brought by law or ordinance changes
  • Damage from earthquakes
  • Losses from war, nuclear hazards, or actions by civil authority
As you can see, most of the exclusions are not likely to occur during the course of a normal construction project. The value of the land is the only one likely to change as new work is done, and you will likely need to account for any improvements or losses the next time your company prepares taxes.

As an Independent Insurance Agency we represent many insurance companies to fit your businesses dynamic needs.  Whether you're a new business or a small business, we can help.   Being an Independent Agent means we are not only your agent, but we are your insurance broker as well.  We understand every business and industry is unique, so we will work with you to find the best business insurance coverage at the lowest rate. Contact us today for a free quote. 

Insurance coverage made easy. When it comes to buying your insurance, you have options.  You can go to a captive insurance agent, an agent that represents one company, or you can go to an independent insurance agent that represents many companies.

Strive Insurance Group, Inc. is a full-service independent insurance agency representing many insurance companies.  This means that we shop many different insurance companies to obtain the best rate and coverage for your insurance.  We do this at no additional fee or service charge to you.  Simply put, our goal is to find you the best coverage and rate for your auto, home, business, or life insurance.  
0 Comments



Leave a Reply.

    Archives

    January 2023
    December 2022
    November 2022
    October 2022
    September 2022
    August 2022
    July 2022
    June 2022
    May 2022
    April 2022
    March 2022
    January 2022
    November 2021
    October 2021
    September 2021
    August 2021
    July 2021
    June 2021
    May 2021
    April 2021
    March 2021
    February 2021
    January 2021
    December 2020
    November 2020
    October 2020
    September 2020
    August 2020
    July 2020
    June 2020
    May 2020
    April 2020
    March 2020
    February 2020
    January 2020
    December 2019
    November 2019
    October 2019
    September 2019
    August 2019
    July 2019
    June 2019
    May 2019
    April 2019
    March 2019
    February 2019
    January 2019
    December 2018
    November 2018
    October 2018
    August 2018
    July 2018
    June 2018
    May 2018
    April 2018
    March 2018
    February 2018
    January 2018
    December 2017
    November 2017
    October 2017
    September 2017
    August 2017
    July 2017
    June 2017
    May 2017
    April 2017
    March 2017
    February 2017
    January 2017
    December 2016
    November 2016
    October 2016
    September 2016
    August 2016
    July 2016
    June 2016
    May 2016

    Categories

    All
    Architects And Engineers
    Auto Insurance
    Bio Tech
    Boat Insurance
    Business Insurance
    Commercial Insurance
    Cyber Laibility
    Flood Insurance
    Holiday Safety
    Home Business
    Home Insurance
    Life Sciences
    Personal Insurance
    Product Liability
    Professional Liability
    RV Insurance
    Toy Insurance

    RSS Feed

NOTICE: This blog and website are made available by the publisher for educational and informational purposes only. It is not to be used as a substitute for competent insurance, legal, or tax advice from a licensed professional in your state. By using this blog site you understand that there is no broker client relationship between you and the blog and website publisher. Privacy Policy.​

​Strive Insurance Group, Inc. | 701 N. Central Expressway Bldg 1|Richardson | Texas | 75080 | 866.538.8174
Photos used under Creative Commons from Randy Heinitz, dhublimited, Gamma Man, Nguyen Vu Hung (vuhung), roarofthefour, propertysnaps, Ada Be, Mire de rien