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Can Both the Contractor and Property Owner Be Named Insureds on a Builder’s Risk Policy?

Distinguished

One common question is whether the contractor and the property owner can be named insureds on the same Builder’s Risk policy. The answer lies in both parties’ financial interest in the property and how that impacts the insurance policy’s structure. Property owners may also choose to add Premises Liability coverage to the policy.

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Builder’s Risk Insurance in Alabama: A Broker’s Guide 

Distinguished

Who Needs to be Insured by a Builder’s Risk Policy in Alabama? For a Builder’s Risk policy anywhere in the United States, it’s important everyone with a financial stake in the project be named in the policy. You can learn more about this topic in our guide to who pays for Builder’s Risk.

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Hotel Primary Insurance: A Check-In to Success for Insurance Brokers

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Hear from industry experts as they discuss critical differences in Hotel Primary policies and key risks to consider. The primary general liability (GL) coverage has a specific geographic restriction: it is not available for hotels located adjacent to the beach in Hawaii. A: No, our policy does not exclude human trafficking.

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What are the most important questions to ask when choosing business insurance?

Protect Commercial Insurance

Introduction When it comes to safeguarding your business, selecting the right insurance policy is crucial. It can be quite a daunting task with so many options out there, and understanding each policy’s intricacies is essential for your peace of mind and financial wellbeing. Every industry comes with its own set of risks.

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Builder’s Risk Insurance in Michigan: Online Quotes, Coverages, and Costs 

Distinguished

This means complete property protection in the event of damages from: Extreme weather events Vandalism Theft Fire Beyond property damage, Distinguished also offers coverages for: General liability Soft costs Mold and fungus Off-site materials in transit How Much Does Builder’s Risk Cost in Michigan?

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Builder’s Risk Insurance in Tennessee: A Broker’s Guide 

Distinguished

Different Builder’s Risk insurance policies vary from one insurance carrier to another.  Premises liability claims : Legal expenses and liability coverage related to any injuries, including trips and falls, that occur on the site. Typically speaking, Builder’s Risk policies will cost anywhere from 1-5% of the total project cost.

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Builder’s Risk Insurance in Georgia: Coverages, Costs, and More 

Distinguished

Our Builder’s Risk policies come standard with all of the most important coverages your clients will need to protect their under-construction properties.  This includes coverage for: General liability : Covers legal costs and damages that arise from lawsuits related to this construction, renovation, or betterment project.

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