Custom Course of Construction / Builders Risk Insurance
What are among the biggest risks on construction project while it’s under way? How can you protect yourself from these threats? And where will you find the help you need?
The answer to the first question is: theft and fire. While a building is under construction the risks of theft from the site, especially when unoccupied, are enormous. And fire poses a special danger because if a blaze breaks out, sprinkler systems likely will not yet be operational.
The solution is course of construction insurance or builders’ risk insurance, as it’s sometimes known.
As for that third question, you’re now right where you can find all the help you need — SCM, the course of construction insurance specialists.
For more than 50 years, we’ve provided custom insurance programs for businesses across California, Arizona, Oregon and Nevada. And we’re here for you right now to provide fast, competitively-priced coverage for your builders’ risk Insurance.
Why You Need Course of Construction Insurance
The risks a contractor or owner faces during construction are wide and varied. In addition to fire, burglary or theft of materials or tools (including employee theft), a project could be damaged or even obliterated by hazards such as:
- Earthquake or subsidence
- Lightning and other weather factors like windstorm, hail and rain
- Floods, either from weather or damaged water supplies
- Structural collapse
- Increased costs and lost revenue arising from project delays due to an insured risk
Course of Construction Insurance protects you against these hazards. It can be taken out by a contractor, owner, engineer or even a project manager and can then cover multiple named individuals.
In addition, it will pay for debris removal in the aftermath of an insured incident, or for demolition if a structure has been seriously affected. And it covers extra fees arising from insured incidents, including replacement documentation and blueprints.
Why You Need SCM
When you buy builders’ risk insurance, you want to know you’re getting the right protection for your business at the right price.
In that case, you’ve come to the right place. We’re nationwide experts for this type of insurance. And because SCM is an independent agency, we work with all leading insurers, not just one.
That means we can secure the best course of construction protection at the most competitive price. With our help, you can select the coverage limits to match your comfort level and your budget.
You can also substantially reduce your payment by agreeing a higher deductible — the amount you pay before your builders’ risk insurance kicks in. These days, it’s increasingly common for clients to select large deductibles in the $10,000 to $25,000 range.
We’ll help you save even more money by tailoring the coverage period to your project needs. For example, we can write policies for periods shorter than the standard one year if the project is likely to be a quick one.
All policies, though, have built-in flexibility that allows them to be extended if the project timetable is delayed.
Policies can be rated and quoted within a few hours and coverage bound with money due at a later time.
That’s not all. Our award-winning customer service is always here to support and advise you. Whether you want to talk about risk management or help with a claim, we’re here.
Find Out More Now
Stan Burns course of construction insurance experts can get your project fully protected in less than 24 hours but the sooner you contact us the more we can tailor your builders’ risk insurance to your specific needs.
So, don’t wait. It won’t cost you anything to find out and we’ll work with you to create the best possible course of construction insurance protection.
Now is the time to act. Don’t put your project and your personal finances at risk by avoiding this critical protection. Contact us today!