Builders Risk Insurance in Columbus OH, Cleveland OH and Cincinnati OH
If you are a contractor, investor or business owner, builders risk insurance is an often overlooked but important part of protecting your work. If you’re involved in a construction project and an accident occurs, you could stand to lose a large amount of money and time without the proper coverage.
ProtectAll Insurance understands the risks that construction projects—and all those involved—face and we work to help you find the right builders risk policy for your needs and your budget.
What Does Builders Risk Insurance Cover?
Builders risk insurance covers construction projects if they are damaged while being installed or shortly after being installed before the construction project is complete. This insurance can cover items that are lost or damaged such as equipment, materials and fixtures. It can cover against dangers such as:
A single accident or storm could damage the materials and equipment used to complete the project, meaning it will cost money and time to replace what was lost. This can be especially detrimental to time-sensitive projects.
Who Should Carry Builders Risk Insurance?
Builders risk insurance should be carried by anyone who has a monetary investment in the project. This includes contactors, builders, investors, property owners and more. If you hire contractors to build a new school in your school district, for example, the school district may want to carry builders risk insurance in order to protect their investment in the project in case equipment or materials are damaged.
Protect Your Investments
Insure your projects and investments with a reliable builders risk insurance policy through ProtectAll Insurance. Call us at (833) 377-6832 or fill out an online quote form
to get started today.
Common Builders Risk Insurance Questions
How Much Builders Risk Insurance Do I Need?
Every project is different, as is the amount of builders risk insurance coverage you may need. The more expensive the project, the higher limits you may want on your builders risk insurance policy. Speak with an insurance agent about finding the right amount of builders risk insurance for your project.
How Much Does Builders Risk Insurance Cost?
The cost of builders risk insurance varies depending on several factors including your location, size and cost of the project, coverage limits and other factors. Fill out a
to find out how you can save on builders risk insurance today.
How Does Builders Risk Insurance Work?
Unlike other insurance policies, builders risk insurance is typically only purchased for a single project. Based on the project’s cost, size and other specifications, your builders risk policy will cover you for losses until the project is complete.