Builders’ Risk Insurance
You build your business. We build the solutions that protect it.
You build your business. We build the solutions that protect it.
Employee owned and customer inspired, we have the freedom to do what’s right for our clients.
Higginbotham has placed insurance for large and small construction companies and helped control their cost of coverage by providing effective safety and risk management services.
Regardless of the construction projects you take on and the insurance coverage you need, Higginbotham is here to help. Our tailored insurance products are built for the unique needs of each construction company we serve.
No matter the protection that’s right for you and your business, we’ll proactively advocate to get you the most competitive prices today and deliver year-round value.
Firmly committed to transparency and authenticity, we use our independence to get things done that others can’t.
Because when you lead with values, value leads.
To learn more about how our values-based approach drives value for you and your business, click here.
Or visit our Insights page to learn more about your insurance options.
Making sure you have the most effective insurance plan can be daunting. Not with us on your side. With our nationwide network of insurance carriers and builders’ risk experience, we’ll find you what you need.
Also known as “course of construction” insurance, this specialized coverage starts on the effective date outlined in the policy documents and stays in place until the project is finished.
Builders’ risk insurance is designed to protect against building damage, lost or damaged materials, and fixtures and equipment used in construction or renovation. The project’s estimated completed value is typically used as the limit of coverage, and protection ends when the work is completed.
This coverage should be considered as crucial protection for any contractor, property owner or other party with a financial interest in a construction project.
It’s about the services, we love giving great services, Higginbotham loves great services, and I just see that going on for decades to come. If its insured, it’s Higginbotham.
While builders’ risk may seem simple, this coverage is frequently misunderstood. Just like every construction project is different, each builder’s risk policy can also vary.
A standard builder’s risk policy typically excludes coverage for property damage caused by earthquakes, floods and wind in certain disaster-prone areas, but you can usually purchase coverage extensions to help bridge the gap.
Some other common exclusions include:
If you need additional coverage outside of your policy’s standard coverage limits or provisions, extensions and endorsements are often available to help control unique risks.
Talk to a seasoned construction insurance professional today to learn more about the coverage that makes sense for your project.
At Higginbotham, we know builders’ risk and other construction industry coverages can make or break a project.
That’s why we take the time to understand your unique risks and tailor coverage to your specific needs.
Safety programs can help control and even lower your insurance costs. Our risk consultants offer safety training to help lower the frequency and severity of accidents, thereby reducing injury claims and improving your loss ratio to minimize hikes in your insurance premiums.
We also train in OSHA. So, when accidents do happen, you have proper recordkeeping procedures that keep you compliant to avoid fines.
A great plan starts with a conversation. Let’s talk about what you need.