Personalized and comprehensive coverage designed to provide protection for contractors. Homebuilders face a myriad of risks within their line of work. Our homebuilders insurance plans are designed to cover the complex needs of contractors and ensure that they are covered where they need to be.
Homebuilder’s Insurance Coverage
Contractors require coverage that protects them from a variety of risks they face on the job. Building a home requires a great variety of equipment, hard labor, and also company vehicles. Due to this, these insurance plans require specialized policies that cover homebuilder’s biggest risks.
The most common types of insurance that are found in homebuilder’s insurance plans include:
General Liability
General liability insurance covers the most common business risks that contractors face including injuries, property damage, and regulatory compliance issues. This protects your business from the costs of lawsuits and helps you qualify for more contracts.
Contractor’s Liability Enhancement
The specific job description of a contractor, especially homebuilders, has unique risks that they need liability coverage for. This extends the bounds of general liability coverage and ensures more complete coverage for contractors.
Builder’s Risk Insurance
Builders risk insurance, also known as course of construction (COC) insurance, is insurance coverage for buildings and other structures while they are under construction. Other policies such as homeowners insurance or commercial property insurance will typically not cover structures during the construction process itself. Builders’ risk policies usually have options to cover a multitude of property types to suit your unique needs.
Why Homebuilders Need Insurance
Homebuilders remain one the toughest classes of business to insure. The construction sites that these businesses operate under are subject to a lot of risks from the dangerous equipment and heavy loads they operate. For these reasons, the amount of money that can be saved from having a personalized insurance plan far outweighs the legal costs that can be incurred in the event of an accident.
Homebuilders insurance can help your business manage the legal and financial burden of potential property damage, auto accidents, employee injuries, equipment theft, and other accidents that will inevitably occur.
How Much Does Insurance Cost For Contractors?
Several factors will have an impact on the cost of insurance for home builders. Our insurance experts specialize in ensuring that the plan you get is designed specifically for the unique risks that your business faces.
If you aren’t sure what type of insurance you need, don’t stress! Our team of experts makes it easy to find the right insurance plans based on your business’s needs and budget.
Reach Out To The Experienced Homebuilders Insurance Agents
The professional insurance agents at JMG Insurance Corp have years of experience providing comprehensive policies to small and medium-sized businesses of all kinds. Their experience and in-depth knowledge allow them to create personalized insurance policies for business owners in any industry. For more information or to get a quote, reach out online or give us a call at 844.304.7332.
