Protect Your Project From the Ground Up
Construction projects involve significant investments in materials, equipment, labor and time. Before a building is completed, unexpected events can put that investment at risk.
Builders risk insurance can help protect a construction or renovation project from certain types of physical loss or damage while work is underway.
Quality Insurance Group helps Florida property owners, developers, contractors and investors explore builders risk insurance designed around their project and individual risks.
Builders Risk Insurance May Include
Buildings Under Construction
May help protect the structure while it is being built, renovated or substantially remodeled.
Building Materials & Supplies
Coverage may be available for materials, fixtures and supplies intended to become a permanent part of the completed structure.
Materials in Transit or Temporary Storage
Depending on the policy, certain construction materials may be protected while being transported to the project or temporarily stored at another location.
Fire & Certain Weather Events
May provide protection against covered losses involving fire, lightning, wind and certain other weather-related events, subject to the terms and exclusions of the policy.
Theft & Vandalism
Coverage may be available for certain losses involving theft or vandalism at the construction site.
Additional Project Expenses
Some policies may offer additional coverage options for expenses resulting from a covered loss or project delay.
Who May Need Builders Risk Insurance?
Builders risk coverage may be appropriate for:
Property owners building a new home or commercial property
Real estate developers
General contractors
Property investors
Businesses expanding or renovating a location
Owners completing major remodeling projects
Responsibility for purchasing the policy may depend on the construction contract, financing requirements and ownership of the project.
Coverage Designed Around Your Project
No two construction projects are exactly alike.
Project value, construction type, location, materials, duration and the parties involved can all affect the coverage needed.
Florida projects may also face additional considerations related to wind, storms and other regional risks.
Quality Insurance Group can help you evaluate your project and explore builders risk insurance options appropriate for the work being completed.
Build With Greater Confidence
A construction project represents a major investment. Protecting that investment shouldn’t wait until the building is finished.
Let Quality Insurance Group help you explore builders risk coverage designed to protect your project from groundbreaking through completion.