builders’ risk Insurance

Owners purchase builder's risk insurance to protect their construction projects from unforeseen events like fire, theft, or natural disasters. It provides financial coverage for materials, equipment, and structures during the construction phase, offering peace of mind and minimizing financial risks.

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The importance of construction insurance

Construction companies invest in insurance for multiple reasons. Firstly, it's often a legal requirement to have coverage like workers' compensation and liability insurance. Construction sites pose various risks, from worker injuries to property damage, making insurance crucial for financial protection against lawsuits and property losses. Additionally, clients typically require proof of insurance before awarding contracts. Insurance also helps with project financing, as lenders often require it for construction loans. Furthermore, insurance enhances the company's credibility and trustworthiness, attracting clients and partners. Ultimately, construction companies recognize insurance as a vital tool for managing risks, ensuring continuity, and safeguarding their assets and reputation.

What does our builders risk insurance cover?

Individual project builders risk and builders programs
Physical damage
Various optional coverages based on the client’s needs
Specific needs of the project and/or account
Dedicated underwriting and claims services
Theft of building materials
Replaces labour costs, income and expenses
Man-made disasters
Flawed materials or design

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meet The Ford Insurance Agency business specialty team!

Each Ford Insurance Agency client is supported by industry leading advisors and highly skilled account managers. We pro-actively address our clients’ needs and goals, while delivering personalized solutions.

Contact one of our business insurance experts to get your customized quote today. We are here to help you find the right coverage!