Call Us 314-752-2500 ☰ ˟
Logo
Call Us 314-752-2500
  • Home
  • Our Agency
    • Newsletter Sign Up
    • AboutImage of right arrow
      • Our Staff
      • Our Locations
    • Service CenterImage of right arrow
      • Pay My Bill
      • Report A Claim
      • Get A Quote
      • Certificate of Insurance
      • Personal Renewal Questionnaire
      • Commercial Renewal Questionnaire
      • Add Or Delete A Vehicle
      • Change Of Address
      • Add A Driver
    • Personal ProductsImage of right arrow
      • Auto and Homeowners Insurance
      • Auto InsuranceImage of right arrow
        • Liability Coverage
        • Comprehensive Coverage
        • Collision Coverage
        • Uninsured & Underinsured Motorist Coverage
        • Diminishing Deductible
        • Accident Forgiveness
        • Minor Violation Forgiveness
        • Roadside Assistance
        • Specialty Auto Insurance
        • 24-Hour Customer Service
        • Towing
        • Rental Reimbursement
        • Personal Injury Protection (PIP)
        • Medical Payments Coverage
      • Home InsuranceImage of right arrow
        • Earthquake Insurance
        • Property Insurance
        • Homeowners Liability
        • Renters Insurance
        • Condo Insurance
        • Mobile Home Insurance
        • Scheduled Property Insurance
        • Landlords Insurance
        • In-Home Business Insurance
      • Other Personal InsuranceImage of right arrow
        • Identity Theft
        • Personal Umbrella Insurance
      • Farm InsuranceImage of right arrow
        • Crop Insurance
        • Farm Owners Insurance
        • Farm Livestock Insurance
        • Equine Insurance
        • Farm Equipment Insurance
        • Farm Dwelling Insurance
        • Farm Structures Insurance
        • Farm Auto Insurance
        • Farm Umbrella Insurance
        • Farm Liability Insurance
      • Life InsuranceImage of right arrow
        • Individual Life Insurance
        • Group Life Insurance
        • Long-Term Care Insurance
        • Mortgage Protection Insurance
        • Disability Insurance
        • Second-To-Die Policy
        • Key Person (Key Men) Insurance
      • Recreational Vehicle InsuranceImage of right arrow
        • Boat Insurance
        • Motorcycle Insurance
        • Motorhome Insurance
        • ATV Insurance
        • Snowmobile Insurance
      • Additional Insurance ServicesImage of right arrow
        • Special Event Insurance
    • Commercial ProductsImage of right arrow
      • Coverage for Specific IndustriesImage of right arrow
        • Accounting Firm Insurance
        • Alarm Contractors Insurance
        • Insurance for Arborists
        • Construction Insurance
        • Consulting Firm Insurance
        • Specialty Trade Contractors Insurance
        • Craft Brewery Insurance
        • Educational Facility Insurance
        • Financial Institution Insurance
        • Healthcare Facility Insurance
        • Law Firm Insurance
        • Limousine Services Insurance
        • Livestock Insurance
        • Maintenance Contractors Insurance
        • Manufacturing Insurance
        • Media & Advertising Insurance
        • Pool & Spa Insurance
        • Printers & Publishers Insurance
        • Real Estate Businesses Insurance
        • Retail Insurance
        • Scrap Metal Insurance
        • Security Guards Insurance
        • Self-Storage Insurance
        • Septic Contractors Insurance
        • Technology Services Insurance
        • Tow Trucks Insurance
        • Water Well Drillers Insurance
      • Coverage for Your BusinessImage of right arrow
        • Bonds
        • Business Owners Policy (BOP)
        • Commercial Auto Insurance
        • Commercial General Liability
        • Commercial Property Insurance
        • Commercial Umbrella Insurance
        • Crime Insurance
        • Fidelity Bonds
        • Loss Control Insurance
        • Inland Marine Insurance
        • Professional Liability
        • Surety Bonds
        • Workers Compensation
      • Coverage for Your EmployeesImage of right arrow
        • Group Benefits
        • Group Disability Insurance
        • Retiree Health Coverage
        • Disability Insurance
        • Individual Life Insurance
    • Our Providers
  • Products
    • Auto and Homeowners Insurance
    • Auto InsuranceImage of right arrow
      • Liability Coverage
      • Comprehensive Coverage
      • Collision Coverage
      • Uninsured & Underinsured Motorist Coverage
      • Diminishing Deductible
      • Accident Forgiveness
      • Minor Violation Forgiveness
      • Roadside Assistance
      • Specialty Auto Insurance
      • 24-Hour Customer Service
      • Towing
      • Rental Reimbursement
      • Personal Injury Protection (PIP)
      • Medical Payments Coverage
    • Home InsuranceImage of right arrow
      • Earthquake Insurance
      • Property Insurance
      • Homeowners Liability
      • Renters Insurance
      • Condo Insurance
      • Mobile Home Insurance
      • Scheduled Property Insurance
      • Landlords Insurance
      • In-Home Business Insurance
    • Other Personal InsuranceImage of right arrow
      • Identity Theft
      • Personal Umbrella Insurance
    • Farm InsuranceImage of right arrow
      • Crop Insurance
      • Farm Owners Insurance
      • Farm Livestock Insurance
      • Equine Insurance
      • Farm Equipment Insurance
      • Farm Dwelling Insurance
      • Farm Structures Insurance
      • Farm Auto Insurance
      • Farm Umbrella Insurance
      • Farm Liability Insurance
    • Life InsuranceImage of right arrow
      • Individual Life Insurance
      • Group Life Insurance
      • Long-Term Care Insurance
      • Mortgage Protection Insurance
      • Disability Insurance
      • Second-To-Die Policy
      • Key Person (Key Men) Insurance
    • Personal Umbrella Insurance
    • Recreational Vehicle InsuranceImage of right arrow
      • Boat Insurance
      • Motorcycle Insurance
      • Motorhome Insurance
      • ATV Insurance
      • Snowmobile Insurance
    • Additional Insurance ServicesImage of right arrow
      • Special Event Insurance
    • Coverage for Specific IndustriesImage of right arrow
      • Accounting Firm Insurance
      • Alarm Contractors Insurance
      • Insurance for Arborists
      • Construction Insurance
      • Consulting Firm Insurance
      • Specialty Trade Contractors Insurance
      • Craft Brewery Insurance
      • Educational Facility Insurance
      • Financial Institution Insurance
      • Healthcare Facility Insurance
      • Law Firm Insurance
      • Limousine Services Insurance
      • Livestock Insurance
      • Maintenance Contractors Insurance
      • Manufacturing Insurance
      • Media & Advertising Insurance
      • Pool & Spa Insurance
      • Printers & Publishers Insurance
      • Real Estate Businesses Insurance
      • Retail Insurance
      • Scrap Metal Insurance
      • Security Guards Insurance
      • Self-Storage Insurance
      • Septic Contractors Insurance
      • Technology Services Insurance
      • Tow Trucks Insurance
      • Water Well Drillers Insurance
    • Coverage for Your BusinessImage of right arrow
      • Bonds
      • Business Owners Policy (BOP)
      • Builders Risk Insurance
      • Commercial Auto Insurance
      • Commercial General Liability
      • Commercial Property Insurance
      • Commercial Umbrella Insurance
      • Crime Insurance
      • Fidelity Bonds
      • Loss Control Insurance
      • Inland Marine Insurance
      • Professional Liability
      • Surety Bonds
      • Workers Compensation
      • LLC Insurance
    • Coverage for Your EmployeesImage of right arrow
      • Group Benefits
      • Group Disability Insurance
      • Retiree Health Coverage
      • Disability Insurance
      • Individual Life Insurance
  • Get A Quote
  • Contact Us
Auto Icon

Auto

We browse through a wide variety of coverages and find the right one for you.

Learn More
Homeowners Icon

Homeowners

We browse through a wide variety of coverages and find the right one for you.

Learn More
Business and Commercial Icon

Business & Commercial

We browse through a wide variety of coverages and find the right one for you.

Learn More
General Liability Icon

General Liability

We browse through a wide variety of coverages and find the right one for you.

Learn More
Life Icon

Life

We browse through a wide variety of coverages and find the right one for you.

Learn More
Home > Business > Builder’s Risk Insurance - St Louis MO

Builder’s Risk Insurance in St. Louis, MO

Construction companies must account for many risks and exposures throughout the entire process of a project. There is no shortage of things that can go wrong, and given the expectations for quality work on a strict timetable, even a tiny mistake or slight delay can have significant financial ramifications. That’s why one of the essential components of a construction firm’s insurance portfolio is a suitable builder’s risk insurance policy.

What Is Builder’s Risk Insurance?

Builder’s risk insurance, also known as course of construction insurance, is a specialized type of commercial property insurance. This coverage protects financial losses and damages accrued from your property being damaged during a construction project, such as building a new structure or renovating an existing one. This type of coverage is tailored explicitly for structures that are under construction and may be required by a mortgage or construction agreement.

What Does Builder’s Risk Insurance Cover?

In most cases, builder’s risk coverage will help pay for repairs or replacement costs arising from the following incidents:

·        Fire

·        Severe weather (e.g., wind, hail, lightning)

·        Criminal activity (e.g., theft, vandalism)

·        Motor vehicle accidents

·        Explosions

Builder’s risk insurance protects property integral to your company’s project, including but not limited to the following:

·        Structures

·        Materials, including those in transit or stored off-site

·        Documents and data (e.g., blueprints, specifications)

·        Temporary structures (e.g., scaffolding and signage)

Your builder’s risk policy may also include coverage for soft costs arising from construction delays, such as architect fees, government penalties, additional real estate taxes and cleanup costs.

How Much Does Builder’s Risk Insurance Cost?

When writing a builder’s risk insurance policy, providers must consider the specific circumstances of your company and the project at hand. In most cases, you can expect the following criteria to be considered:

·        Assessed value of the completed project

·        Materials being used

·        Total cost of labor

·        Workforce size

·        Policy details (e.g., coverage limits, deductibles)

Get the Right Coverage

Although builder’s risk may be an integral part of any construction company’s insurance portfolio throughout any project, this type of coverage can also be complicated and easily misunderstood. Regardless, your business must take the time to assess and address these risks and exposures. Without an adequate policy, even a single error could have devastating financial consequences.

Fortunately, the agents at Crawford-Butz Insurance have over 60 years of experience helping businesses in the St. Louis area understand their coverage needs. We will work with you to analyze the details of your company and project to ensure that your builder’s risk policy provides optimal protection. Contact us today to get started.

Contact Us Today!
314-752-2500

Social Social Social Social Social

Resources

  • Products
  • Customer Service
  • Payment Options
  • Report a Claim
  • About Us
  • Refer A Friend
  • Our Carriers
  • Blog
  • Contact Us

Contact Us

9700 Mackenzie #120
St. Louis, MO 63123

Phone: 314-752-2500
Fax: 314-752-5973
© Copyright. All rights reserved. | Powered by Insurance Website Builder