Builders’ Risk Insurance

Commercial and residential construction in the Greater Miami Area can be seriously risky business—and we’re not talking about the chance of taking a misstep off a 10-story girder. At any time during the build, the contractor or developer runs the risk of an expensive property loss that in turn causes an even more costly delay. To ease you off that tightrope, a quality builders risk insurance policy from iSure Insurance Brokers can protect contractors and developers from property losses and the resulting financial costs that stack up due to delays caused by a covered loss.

Policy covers what’s at risk

A builders risk policy offers protection for:

• Fire and other risks to the structure itself while construction is underway
• Theft of building materials on the job site either installed or waiting to be installed, from the time they are delivered to the site
• Loss of or damage to materials while in transit or at temporary locations
• Losses due to ordinances or laws

What usually happens: More often than not, fire, vandalism and theft are the cause of property losses, but we can tailor a policy to offer you protection from additional risks, such as:

• Flood
• Windstorm
• Delay-driven penalties assessed by lenders or extra taxes

Likewise, you can add options for other coverage based on your equipment at the site, issues that could pose a potential pitfall, and your preferences for running your operation:

• Scaffolding
• Frame construction
• Pollution cleanup
• Debris removal
• Valuable papers
• Permission for partial occupancy
• Change-order enhancements
• Inflation protection

You need expert guidance to find your way

Sifting through all the options, balancing what our collective experience tells us with sage forecasting about what might occur—all of these considerations and many others play a role in determining how to best adapt a policy specific to your needs. With decades of experience in the field, we like to sit down with you at length and go over details about your business plans, usual operations, and expectations. Simply discussing the location, timeline, and size of a project may reveal the need for a particular option or a policy extension request. Let the professionals at iSure help reduce your exposure to builders risk today.