For any construction project, large or small, one of the first decisions you will have to make concerns the responsibility for proper insurance coverage while the project gets under way and remains in progress.
Builders, developers and often the ultimate buyers all provide insurance on projects during construction and coverage for equipment and materials shipped to and stored at the job site.
Builders Risk Management and Bonding for any Project
- Do you need builder’s risk coverage to protect against any losses resulting from damage to the project itself?
- Do you have materials at the job site or stored elsewhere? How are these covered?
- Does your lender have any specific insurance requirements?
- What about third party liability claims? How can these be handled?
- Are all parties named on the policy so each is offered protection?
These questions and many more are typical in risk management for builders and developers. Our team of construction experts can help you get answers. Contact us and we’ll be glad to help.