Builders Risk Insurance

Developers, builders and contractors are faced with big risks everyday. As a building is developed, the risk of loss changes with every phase – from pouring the foundation right up until the building is finalized.

There are ordinary risks that come with the territory of construction and development, but why take unnecessary risks? The average cost of a Builders Risk Policy is only about 3% of the estimated project cost, a small cost for a lot of coverage!

A Builders Risk Insurance policy can be structured to cover the following:

  • Property damage: Includes construction material, heavy machinery and equipment, temporary structures, cribbing, false work, fencing, scaffolding, construction signs and landscaping
  • Theft: Some builders risk insurance policies will cover theft of building materials; to get this coverage, you may need to have a gated job site
  • Labor costs and earned profits: Replaces labor costs, income and expenses
  • Perils of nature and man-made disasters: Hurricanes, fires, blizzards, severe hail storms, lightning, black outs, broken water mains
  • Other damages: Negligent workmanship, flawed materials or design

Contact a McLean Insurance agent now to discuss what type of Builders Risk Insurance coverage is most suitable by calling 703-790-5770.

Why choose McLean Insurance for your Builders Risk Insurance?

  • Personalized Service – You will be treated as family and not a number. Plus, we are local, active in the community and have a good understanding of insurance needs in the local area
  • Trusted Advice – Licensed insurance agents with over 50 years of combined experience in insurance work closely with you to determine needs; discuss the right type of coverage for you and help ensure that you won’t end up being under or over insured.
  • Independent Focus – We work with over 50 top insurers and can help you select the best pricing, coverage, and underwriting for your needs.
  • Thorough approach – We fact-find thoroughly at the beginning of the process in order to ensure that our initial recommendations are realistic and attainable

Already have Builders Risk Insurance coverage but wondering if you have enough coverage or could be saving more money? Call us at 703-790-5770 to discuss your specific situation with a McLean Insurance expert.