As a commercial contractor, you need to have insurance that guarantees that you will be able to meet your clients’ obligations on all projects. This means protecting not only your own commercial assets, but also the works in progress that are your responsibility. A unique commercial property insurance mechanism known as builder’s risk insurance will enable you to do so. 

Bishop White Insurance & Financial Services offers quality commercial insurance benefits to contractors of all shapes and sizes, and we can help you build a quality builder’s risk policy that protects all aspects of your operations. We insure contractors in Des Moines and the surrounding areas, and we’ll work hand in hand with you to make sure your policy is optimized to your advantage. 

Call us  or request your free builder’s risk insurance quote online today! 

What is Builder's Risk Insurance?  

Contractors, no matter what their specialties, do construction in some way, shape or form. Clients expect them to provide quality service when doing their jobs, and to provide a safe product in the end. They also expect contractors to complete their work on time, within the budget and with minimal hassle. Still, if unexpected problems arise in any part of your operations, then you run the risk of not being able to deliver on your promises. 

Builder’s risk insurance policy can help you avoid the costly ramifications of cost overruns, unexpected property damage or similar delays in your work. With it, you can ensure that neither your own nor the client’s priorities are not met simply because a challenge arose that you didn’t expect. 

There are several sub-specifications of coverage available to address the needs of different parties.  

• New construction insurance applies to new construction projects and can apply from the moment you start your work on the property. It will apply until your complete the project.  
• Remodeling insurance covers damage occurring to a property that is undergoing renovation. So, if you are revamping your master suite, coverage can assist you during the process.   
• Installation insurance covers property before it gets installed into a permanent place. For example, if a contractor stores material at a worksite, and materials that they plan to use get stolen or damaged, then this coverage will pay for your recovery costs.  

Additionally, some policies also offer premises liability insurance. This coverage will pay for bodily injuries or property damage that the policyholder might negligently cause to third parties, such as visitors to the construction site. However, other liability coverage within a contractor’s greater commercial insurance portfolio might also provide this coverage.  

Builders risk insurance isn’t just for construction companies. It can help other businesses and even individual homeowners who want to undertake construction projects on their own. You should have coverage in place at least by the time you start the project. 

When you come to Bishop White Insurance & Financial Services for your commercial insurance needs, we will be able to craft a builder’s risk insurance portfolio that is appropriately tailored to your personalized needs. We believe in helping every client get the policies that are perfect for them, and you’ll never have to worry about whether this plan is customized to you when you put your trust in us.