Builder’s Risk Insurance

If you’re a professional in the construction industry, take note. Obtaining a comprehensive builder’s risk policy is an absolute necessity. This is one product to add to your must-have business tools.

Your clients rely on you, and you rely on the income from your construction company. So managing your liability and loss potential as a builder is critical.

At Lake Region Insurance Agency, we protect your construction business with the best builder’s risk insurance plans available. We also facilitate fair and prompt claims service when mishaps occur. Call us for a free quote or insurance review and ensure that you have the coverage you need as a builder.

Builder’s Risk Insurance Offers Protection

Planning and building new buildings can be a stressful undertaking. You have to handle project budgets and deadlines, as well as owner expectations. And many elements are out of your control as a builder.

Purchasing a builder’s risk policy should cover your project from the start of construction through the final inspection. Your plan can protect you in the event of a loss from the following:

  • Weather-related emergencies like tornados, hurricanes, blizzards, high winds, hail, and heavy rain
  • Theft of building materials or equipment
  • Fire
  • Construction delays
  • Property upgrades to meet “green” standards
  • Flooding
  • Lost revenue or wages from construction delays due to covered events

Coverage for All Stakeholders

In any construction project, there are likely many players exposed to varying levels of risk. Your policy should cover builders, owners, architects, and anyone else with a financial stake in the project.

Typically, if you’re fully or partially financing your project through a bank, the loan officer will require a builder’s risk policy. They want to ensure their protection should a disaster occur. Your lender will tell you their requirements for coverage minimums and policy types.

How Do I Choose the Right Policy?

Our Lake Region agents are here to help. We can assist as you analyze your risk exposure and compile any external policy requirements from lenders or other stakeholders. We will make sure you get the best coverage for your budget.  

We take the time to understand the scope of your construction business. You need a policy that covers your requirements and gives you excellent protection.

We take the guesswork out of finding the right policy. Our independent agents are on your side and shop diligently for the precise policy to fit your needs.

Lake Region Insurance Agency: Experience and Expertise for Builders

With our five decades of experience, our Lake Region agents are here to help. We are independent brokers who can shop for the best deal from multiple companies for you. We love serving builders in the Willmar, Cokato, and New London, MN communities. 

We understand that it takes strong partners to make businesses thrive. We’re here to be your partner.

Your success and peace of mind are our top priorities. After all, our customers are also our neighbors. We value every opportunity to serve our community with reliable products and outstanding customer service. 

Your construction site is your livelihood, and we want to help protect you. Call us today to discover which builder’s risk policy is right for your construction business.

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