Kretschmer Insurance: Providing Commercial Builder’s Risk Insurance in Florida

Liabilities Don’t Wait for Commercial Buildings to Open up Shop

If you’re in the middle of a construction or renovation project, then you know how much money, time, and energy goes into it. Whether you’re building a small flowers shop from scratch or upgrading your office space, you’re making an important space to run a business. However, how are you keeping your project protected? Commercial property insurance doesn’t usually kick in until after your new building is ready to open up shop. That’s where commercial builder’s risk insurance comes in.

What is Commercial Builder’s Risk Insurance?

Commercial builder’s risk insurance is a form of property insurance that protects construction or renovation projects of a commercial buildings. The policy can be purchased by either the construction/renovation company or the owner of the property. Depending on what you’re building and where, city ordinances may require builder’s risk insurance.

Commercial builder's risk policies are designed to prevent you as the person in charge of constructing or renovating the building from being left with costly building repairs, material replacements, and even legal fees should damage affect your building site. Accidents are going to happen; just make sure you're prepared when they do with commercial builders risk insurance.

What Does Commercial Builder’s Risk Cover?

Commercial builder’s risk will provide coverage for damage done to the structure insured. Common liabilities covered include:

• Fire
• Flood
• Wind
• Hurricane
• Storm
• Theft of materials on site
• Vandalism
• Tools and equipment (some policies)

It does not cover personal injury/worker’s comp for employees working on the structure