As a builder or contractor, your work involves risks that can result in financial losses. Mishaps like property damage, third-party injuries, and legal liabilities can cause significant problems for your business. That’s why having adequate insurance coverage is crucial to safeguard your livelihood and assets.
The Builders Insurance Group (BIG) is a specialised insurance provider for builders and contractors that offers tailored coverage options to protect your business from various risks. In this article, we’ll explore what BIG is, what it offers, and how it can benefit your construction business.
What is Builders Insurance Group?
Builders Insurance Group is an American insurance company that focuses on providing insurance products and risk management solutions to the construction industry. With over 20 years of experience, BIG has built a reputation for being a reliable and trusted insurance provider for builders, contractors, and related professionals.
BIG caters to a wide range of construction projects, from small-scale remodeling jobs to large commercial developments. Whether you’re a general contractor, a subcontractor, or a specialty trade contractor, BIG can tailor its coverage options to meet your specific needs.
What Does Builders Insurance Group Offer?
Builders Insurance Group offers a comprehensive range of insurance products that cover various risks in the construction industry. Here are some of the coverage options you can expect from BIG:
Insurance Product |
Coverage Description |
General Liability Insurance |
Covers accidents or injuries caused by your business operations, including property damage, bodily injury, and legal expenses. |
Professional Liability Insurance |
Covers errors or omissions related to your professional services or advice, such as design flaws, faulty workmanship, or contractual disputes. |
Commercial Auto Insurance |
Covers vehicles owned or used by your business, including liability, collision, and comprehensive coverage. |
Workers’ Compensation Insurance |
Covers work-related injuries and illnesses suffered by your employees, including medical expenses, lost wages, and disability benefits. |
Umbrella Insurance |
Provides additional liability coverage beyond your primary policies, offering extra protection against large claims or lawsuits. |
Aside from these core insurance products, BIG also offers specialised coverage options for risks such as equipment breakdown, pollution liability, and cyber liability. Moreover, BIG’s risk management solutions can help you identify, assess, and mitigate potential risks in your construction projects, allowing you to run your business more efficiently and effectively.
Why Choose Builders Insurance Group?
So why should you choose Builders Insurance Group as your insurance provider? Here are some of the key benefits you can expect from BIG:
Bespoke Coverage Options
Builders Insurance Group understands that no two construction businesses are alike. That’s why it offers customised coverage options that fit your specific needs and budget. Whether you’re a small contractor or a large corporation, BIG can tailor its insurance products to give you the protection and peace of mind you deserve.
Expertise and Experience
Builders Insurance Group has been in the business for over two decades, giving it a wealth of experience and expertise in the construction industry. Its team of underwriters, claims professionals, and risk managers are well-versed in the unique challenges and risks faced by builders and contractors, allowing them to provide you with the best possible insurance solutions.
Customer Service and Support
Builders Insurance Group prides itself on providing excellent customer service and support to its clients. Its dedicated team of agents and representatives are available to assist you with any questions or concerns you may have about your insurance policies, claims processing, or risk management strategies.
Financial Stability and Strength
Builders Insurance Group is a financially stable and strong company, with an “A” rating from A.M. Best, a leading credit rating agency. This rating reflects BIG’s ability to meet its financial obligations and pay claims promptly, giving you the confidence that your insurance coverage is backed by a reliable and secure provider.
FAQ: Builders Insurance Group
Here are some frequently asked questions about Builders Insurance Group:
What is the minimum coverage required by Builders Insurance Group?
Builders Insurance Group offers customised coverage options, so there is no minimum or maximum coverage amount required. It depends on your business’s size, operations, and risk exposure.
Can I get a quote for Builders Insurance Group online?
Yes, you can request a quote for Builders Insurance Group on its website or by contacting its agents directly.
Does Builders Insurance Group cover subcontractors?
Yes, Builders Insurance Group offers coverage for subcontractors, including general liability and workers’ compensation insurance.
How long does it take to process a claim with Builders Insurance Group?
Builders Insurance Group aims to process claims quickly and efficiently, with most claims being resolved within 30 days. However, the processing time may vary depending on the complexity and severity of the claim.
Does Builders Insurance Group offer risk management services?
Yes, Builders Insurance Group offers risk management services to help you identify, assess, and manage potential risks in your business operations.
Conclusion
Builders Insurance Group is a specialised insurance provider that offers tailored coverage options and risk management solutions for builders, contractors, and related professionals. With its expertise, experience, and customer-focused approach, BIG can give you the protection and peace of mind you need to run your construction business with confidence. Contact BIG today to learn more about its products and services.
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