The U.S. construction sector continues to expand, and with it, the complexity of insuring projects from inception to completion is also increasing. Yet for many insurance agents, builders risk policies remain one of the most misunderstood products in the commercial lines toolkit. Coverage exclusions, missteps in valuation, and poorly timed policy changes can dangerously expose clients and agents to losses.
Victor Insurance’s practical guide strips away the complexity, making agents aware of the most common builders’ risk pitfalls: limited risk coverage, soft cost gaps, the new build vs. renovation distinction, and the important issue of underinsurance. With clear guidance on how to identify these risks and recommend appropriate solutions, this resource prepares agents to provide stronger advice, reduce E&O risk and build greater trust with construction clients.
To download this guide:
- Learn why standard builders’ risk policies often exclude higher-risk perils and what supports bridge this gap
- Understand how ignoring the risk of low costs and completion delays can lead to significant financial stress
- See the differences in coverage requirements between new construction and renovation projects
- Find out how to accurately determine project completion value and avoid underinsurance
- Get an overview of Victor’s Builders Risk Program including 20 automatic coverages and optional add-ons
The builders’ risk is too important and too subtle to be left at risk. Download the guide now.
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