Whether you specialize in remodeling or new construction, you'll need the proper insurance coverage to protect you and your team on the job. Builders insurance is a coverage option that protects from loss and damages during a project build. Find the answers to frequently asked questions below.

4 FAQ About Builders Insurance 

What does builders insurance cover? 

Builders risk insurance typically covers everything required on-site as part of the project, including under-construction structures, as well as materials and building site essentials, like portable toilets. Depending on the policy, it can also protect against dangers such as theft, vandalism, fire, wind, hail, falling objects, explosions, and collapse.

Is it mandatory?

While most state laws do not require it, it may be necessary when securing a construction loan. Having this coverage can also be a benefit to your business, giving clients peace of mind knowing their project is protected in the event of an accident, weather emergency, or extenuating circumstance like a fire. 

When should I get a policy?

Purchase coverage before breaking ground on your new construction project. Your coverage begins as soon as materials show up on-site. Depending on the policy, coverage can extend anywhere from 90 days to 12 months. If build completion takes longer than expected, most plans are also eligible for renewal. 

How much does it cost?

Several factors will determine policy costs, including the type of project and its final value. The construction type—such as wood or concrete framing—and location, will also play a factor. A larger, more complex project located in a higher-risk area, such as a beach, will cost more than a small project situated in a relatively sheltered area.

If you're a Baldwin County contractor in need of builders insurance, turn to Ebert Agency Inc. Located in Foley, AL, this family-operated insurance agency has served the community since 1928. Their experienced team of insurance agents provides personalized, end-to-end coverage for a range of needs, including builders, renters, and homeowners insurance. Call (251) 943-2281 to speak with a staff member or visit their website to browse coverage options.