Construction projects carry more coverage risk than most agents realise. Here's how to protect your clients.
The US construction sector continues to expand, and with it, the complexity of insuring projects from groundbreaking to completion. Yet for many insurance agents, builders risk policies remain one of the most misunderstood products in the commercial lines toolkit. Coverage exclusions, valuation missteps, and poorly timed policy transitions can leave clients and agents dangerously exposed when a loss occurs.
Victor Insurance's practical guide cuts through the complexity, walking agents through the most common builders risk pitfalls: limited peril coverage, soft cost gaps, new construction versus renovation distinctions, and the critical issue of underinsurance. With clear guidance on how to identify these exposures and recommend appropriate solutions, this resource equips agents to deliver stronger advice, reduce E&O risk, and build more confidence with construction clients.
In downloading this guide:
- Learn why standard builders' risk policies often exclude high-risk perils and which endorsements close the gap
- Understand how soft costs and delay-in-completion exposures can create significant financial strain if overlooked
- See the difference in coverage needs between new construction and renovation projects
- Find out how to accurately determine project completed value and avoid underinsurance
- Get an overview of Victor's Builders Risk program, including 20 automatic coverages and optional add-ons
Builders risk is too important and too nuanced to leave to chance. Download the guide now.
