Builders Risk and Contractors Insurance

Builders Risk Insurance Policies

Large or small, Massachusetts contractors face many dangers during the construction process. As a result, in order to assess those risks, contractors across Massachusetts require the assistance of a qualified insurance agent. Many builders and contractors have benefited from Cunningham Insurance Agency, Inc's assistance in evaluating these risks and insurance requirements.

A builder risk policy guards contractors and builders against financial losses and property damage. Losses could involve the materials utilized on the project site in addition to property or structural damage. In the case of a fire, flood, or theft, our organization can assist in keeping you safe. Additionally, you have the option to get extra coverage in case you suffer losses as a result of project fines or unforeseen expenses like taxes.

We can help you cut these insurance costs. We also offer applicable discounts for your convenience.

Coverage Options for Builders Risk in Ludlow, MA

Cunningham Insurance Agency, Inc, licensed in the state of Massachusetts, evaluates your project with you to act as a consultant in identifying your insurance needs and risks. A Massachusetts builders risk policy can have the following options:

• Policy time frames
• New construction
• Remodeling and rehab
• Coverage for framing, cleanup, and debris
• Financial costs due to delays
• Project sites and trailers
• And more....

Cunningham Insurance Agency, Inc is an expert in offering builders risk insurance, commercial auto coverage, tools and equipment insurance, and general liability insurance—all essential coverages for contractors.

Sometimes it can be very difficult to understand Massachusetts Contractors Insurance, so we are here to help you choose the correct coverage from the right provider. We work with numerous businesses in the area to get you the finest coverage at a reasonable cost. We are locally and woman-owned, and have been serving the Pioneer Valley since 1993. With our extensive experience in the construction insurance sector, we can assess your risk and meet your company's coverage requirements.

Contractors Insurance Coverages in Ludlow, MA

• General liability insurance: This type of liability insurance can shield you from the majority of lawsuits that result from your regular business operations. This covers both the day-to-day operations of a business and the kinds of incidents that could happen on a construction site.
• Tools and equipment: Hand tools typically come with a general coverage that does not include a list or schedule. Nothing may be worth more than $500. Larger tools and equipment, such as generators, nail guns, welders, and other pricey portable equipment, are covered by equipment insurance.
• Builders risk: C.O.C. (Course of Construction) - Insurance against physical damage to real estate that is being built. It is a prerequisite for construction loan approval from lenders. Before providing funds for remodeling work, they will typically want this coverage as well. Certain policies can be extended to cover the structure that is being remodeled.
• Workers' compensation: Contractors are in charge of offering this insurance to their staff members, but they may also be at risk from subcontractors who fail to offer their workers' compensation insurance. By demanding that subcontractors maintain the necessary workers' compensation insurance, this risk can be avoided.
• Business auto insurance: Since vehicles used for business and commercial purposes are not covered by personal auto policies, coverage for these types of vehicles must be obtained through a policy intended for such uses. Make sure you have the appropriate policy and that your coverage is not excluded if you use your car for business purposes.

Allow us to provide you with a straightforward, accurate, and free estimate today. Call (413) 589-1616 to get started.