Part of the American dream of owning a business is having a structure to call your own. Whether it is a building to house your office or a larger complex you plan to rent, making the step from planning to construction is very rewarding. Being able to see your likes, wants and desires being built from the ground up is a sight to behold. Before any contractor gets started on your new building, it is important to make sure you are adequately covered if something goes wrong during the construction phase.
Builder’s risk insurance is coverage that protects your investment and property from the ground up. While your building is being constructed, it protects you from losses that occur from damage to the building or any associated items. This could include damage or theft of raw materials, fixtures, or equipment being used in the construction or renovation of a building or structure.
At Quantum Source Insurance Group (QSIG), we understand that your new building is a source of income. Therefore, we will work with you to properly establish the coverage you currently have, as well as any insurance you are lacking, so that you are financially protected. The cost of builders risk insurance is a small fraction of the price you would pay if something big were to go wrong during construction.
Business Risk insurance coverages typically include:
Our experienced team at QSIG is here to make sure your American dream stays alive. We want to provide you with a comprehensive package that eliminates the risk of any gaps in your coverage.
Contact our team at QSIG today and we will work with you every step of the way.
When was the last time you updated your business insurance policies? Take the Quantum Challenge to see if you need an updated policy. (Short answer: You do.)