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ContractorFor any construction project, large or small, one of the first decisions you will have to make concerns the responsibility for proper insurance coverage while the project gets under way and remains in progress.

Builders, developers, and often the ultimate buyers all provide insurance on projects during construction and coverage for equipment and materials shipped to and stored at the jobsite.

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  • Do you need builder's risk coverage to protect against any losses resulting from damage to the project itself?
  • Do you ship equipment or materials for use on the job?
  • Do you have materials at the job site or stored elsewhere? How are these covered?
  • Does your lender have any specific insurance requirements?
  • What about third party liability claims? How can these be handled?
  • Are all parties named on the policy so each is offered protection?

These questions and many more are typical risk management questions. Our team of construction experts can help you answer these and many more. Call us and we'll be glad to help.

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BUILDERS INSURANCE BASICS

» What is Builder's Risk Insurance?
» What are Installation Floaters?
» What are Equipment Floaters?
» What are Wrap Up Programs (OCIP's)
» What are Contractor Bid/Performance Bonds?
» Contractor / Developer Bonds with Aloha Insurance
» How can I protect equipment and materials shipped in from suppliers?

Portions courtesy of and © Insurance Information Institute (www.iii.org) Copyright © 2001-2016 Aloha Insurance Services, Inc. Kona HI All rights reserved.
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