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How Do I File A Business Insurance Claim?
When a fire, accident or theft occurs at your business: Contact your insurance agent and company right away. Any burglaries or theft should also be reported to the police immediately. Read your insurance policy so that you know what your responsibilities are to your insurance company after a loss. After a disaster, take steps to…
Read MoreBuilders Risk & Installation Floaters – The Basics
During the course of construction, Builders Risk policies cover buildings and other structures and personal property exposed to direct property loss. Damage can come from obvious perils such as fire wind, flood, etc. It can also come from faulty workmanship or design error. Your Builders Risk policy should include all fixtures, materials, machinery, and equipment…
Read MoreWhat Is Excluded Or Covered?
Excluded Property Property excluded under builders risk policies and installation floaters vary from one insurer to another. The following properties may be excluded: trees, shrubs, grass, plants, or land values; plans, drawings, designs, blueprints, or specifications; property in storage, unless it has been specifically assigned to the job site; machinery, tools, equipment, and property of…
Read MoreIN: Does Your Builders Risk/Installation Floater Cover You?
Dear Valued Customer, In this issue of “—————–” we focus on Builders Risk & Installation Floaters. Many coverage decisions need to be made when commercial buildings are under construction. That’s when Builders Risk and Installation Floaters need to be considered and implemented. Read on for a primer on the basics of both Builders Risk and…
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