Contractor Insurance

Alabama Builders Risk Insurance

Builders risk insurance is a specialized type of property insurance that protects buildings that are under construction and the equipment and materials used in the project. Alabama builders risk insurance protects construction sites from catastrophes, vandalism, and natural disasters. Whether you are building a residential complex or a business building, our experienced and expert risk managers can take care of your insurance needs.

General contractors, custom home builders, and property owners often get insurance coverage to protect their personal or business projects under construction. Alabama builders risk insurance provides all-inclusive coverage against any construction-related risks. Often, builders risk insurance in Alabama is considered a requirement to comply with government regulations and a condition to meet contractual arrangements.

Builders Risk Insurance Alabama

While you can easily obtain Alabama builders risk insurance, ensuring that you get the right policy type, limits, and coverage will require a clear understanding of the industry and the associated construction risks. Typically, coverage often applies to properties in transit, those located at the construction site, and those situated at off-site storage.

What Alabama Builders Risk Insurance Covers

You can structure your builders risk insurance in Alabama policy to cover the following:

Buildings

Your Alabama builders risk insurance can cover the buildings and structures at the premises. This also includes the foundations, fixtures, equipment, and machinery that are used to service the building. It also covers building materials and supplies that are considered a permanent part of the project.

Equipment Breakdown

This will cover damage to covered property caused by mechanical breakdown of covered equipment, explosion of steam boilers, and artificially generated current that damages covered equipment.

General Liability

General liability protects against any legal liability caused by property damage, personal injury, and advertising injury to others.

Ordinance and Law

This covers the cost of repairing or rebuilding damage caused by the enforcement of municipal laws or ordinances that regulate the repair or construction of damaged buildings brought about by an insured loss.

Modular Components

Businesses typically store important and costly materials and equipment in off-site modular units. With your Alabama builders risk insurance, modular units and components are covered while used as temporary storage or while in transit.

Testing

Most construction businesses and contractors test out equipment that is newly installed. In case of any physical loss caused by pneumatic, electrical, mechanical, and hydrostatic testing, builders risk insurance in Alabama covers the cost of the loss.

Valuable Papers and Electronic Data

When doing business, contractors and construction companies depend on blueprints, schematics, and other paper and electronic documents. Builders risk insurance in Alabama provides compensation to research, replace, and restore important electronic documents and data lost in the covered risk.

Profits

Alabama builders risk insurance also covers profits aside from labor, equipment, and material. With this type of insurance coverage, contractors get a pro-rata reimbursement of the profit earned as of the date of loss.

Identity Restoration

This coverage is for business owners who are victims of identity theft.

Why Builders Risk Insurance is Important

If you are working with materials that are prone to damage or in an area susceptible to severe weather, obtaining builders risk insurance is a wise investment. It is important that you pick the coverage that protects your investment from unforeseen risks. Our friendly and knowledgeable commercial insurance brokers can help you figure out the type of builders risk coverage that will suit you best.

We are Your Ultimate Choice for Builders Risk Insurance in Alabama

Are you looking for builders risk insurance in Alabama? We are your best choice! Our expert insurance professionals can help you obtain the builders risk insurance coverage that best suits you and your business. We will also answer any questions you may have so the decision process is easier for you.

We are considered the #1 and most affordable contractors insurance provider for many years now, and with good reason. Our 96.4% client retention rate is a clear testament to the unmatched service we have provided through the years. Aside from the exceptional coverage we provide, we also offer exclusive programs to our clients.

Fill out the form or give us a call at 888-505-9012 and get your free competitive insurance quote in just minutes!

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