Category: Builders Risk

Our representatives at Allen Jones Insurance Agency in Seguin, TX, strongly recommend that anyone in the construction business invest in the right type of insurance to protect you and your company against certain costs. Contractors’ and builders’ risk insurance policies cover different types of losses, and having them both can be valuable for owners.

Builders Risk Insurance

Builders risk insurance covers materials, contractor equipment, and property related to a building’s construction. This includes losses due to issues including:

• Vandalism
• Theft
• Weather Damage
• Earthquakes
• Water Damage
• Mechanical Breakdown

Some policies can be extended to cover scaffolding, temporary structures, and debris removal after indices.

Contractors Insurance

Contractors’ general liability insurance protects policyholders against both property damage and bodily injuries at job sites. You’ll be protected if an injury occurs and any legal fees that accrue due to it. However, it doesn’t cover your equipment or property like builders’ risk insurance. Incidences include:

• Property damage caused by you or a crew member.
• Injuries to those injured on the property.
• Lawsuits due to libel, slander, false advertisement and infringement.
• Damage to a rented commercial space.

Builders Risk Insurance and Contractor Coverage: Which Policy Covers What?

General Contractors liability coverage may be required by law as a safeguard. The policy essentially covers any liability for work you or your subcontractors perform. It also protects company equipment, building materials, and structures. Builder’s risk insurance is also known as home builder’s, course of construction or contractor’s all-risk insurance that covers properties during construction projects, remodeling, and renovations.

Let Us Help You Get the Right Coverage

Our experienced agents at Allen Jones Insurance Agency in Seguin, TX, are here to help you get the coverage you need for your construction services. Contact us today to get a quote.

Safeguard Your Construction Site: The Necessities of Builder’s Risk Insurance

It is commonplace to find a plethora of valuable materials and equipment at construction sites, especially when a new home, storefront, or office is being erected in Seguin, TX. Unfortunately, these pricey items often become hot targets for thieves. Commodities such as plumbing fixtures, copper wirings, and appliances turn construction projects into appealing prospects for criminals. Employ builder’s risk insurance to reduce any potential losses.

What Does Builder’s Risk Insurance Cover?

This insurance plan commonly includes coverage for theft of materials used in construction or renovation and most fixtures. However, many policy packages usually exclude larceny committed by your workforce. If employee theft is a critical concern, certain business insurance types can cater to this need.

Understanding Builder’s Risk Insurance Policies

Insurance policies vary; some, for instance, insure construction tools while others don’t. Others might cover most tools but exclude larger equipment. Adequate coverage for heavy machinery can be added through a rider. Don’t hesitate to consult your insurance agent for more specifics.

Insurance Coverage for Motor Vehicles on Construction Sites

Commercial trucks and vans are often integral to construction projects. Regrettably, they can be stolen when employees are occupied elsewhere. While some builder’s risk policies cover vehicles on-site, many do not. In such cases, a commercial auto insurance policy will more likely provide coverage for a stolen or broken vehicle.

How the Allen Jones Insurance Agency Can Help

For those eyeing builder’s risk or other business coverage, the Allen Jones Insurance Agency’s specialists can assist you in finding the plan that addresses your needs. We have connections to varying policies offered by 40 different insurance providers. That allows us to offer the best possible insurance tailored to your company’s specific requirements. As an independent local agency, we proudly serve the entire Seguin, TX area, along with the rest of the state. Reach out to Allen Jones Insurance Agency for a quote or additional information.

The insurance industry in and around Seguin, TX has seen several emerging trends shaping the landscape of builder’s risk insurance. Technology, climate change, Green Building practices, and more are all innovating the industry. 

Technology Integration

• Trend: Insurers leverage technology tools like drones, IoT sensors, and data analytics to monitor construction sites and assess risks more accurately.
• Best Practice: Implementing IoT sensors for real-time monitoring and investing in site security systems can improve site safety and reduce insurance premiums.

Climate Change Considerations

• Trend: With the growing impact of climate change, builder’s risk insurance policies are adapting to include coverage for weather-related events like flooding, wildfires, and hurricanes.
• Best Practice: Working with insurers who offer comprehensive climate coverage can ensure better protection against weather-related losses.

Sustainability and Green Building Practices

• Trend: The construction industry is increasingly adopting sustainable and green building practices. 
• Best Practice: When pursuing sustainable construction projects, engage with insurers who offer coverage for green building materials, energy-efficient features, and sustainable practices. 

Supply Chain Disruptions

• Trend: Global events have highlighted the vulnerability of supply chains in construction. Insurers are now offering coverage for supply chain disruptions.
• Best Practice: Builders should assess the resilience of their supply chains and consider insurance policies that cover delays and disruptions. 

Contract Review and Clarity

• Trend: There is a growing emphasis on the importance of clear and well-drafted construction contracts to avoid disputes and ensure that insurance coverage aligns with the project’s needs.
• Best Practice: Builders and contractors should invest in contract review services to ensure that insurance provisions are clear, accurate, and in line with project requirements. 

Allen Jones Insurance Agency Can Help You

At Allen Jones Insurance Agency, we can help answer questions concerning builder’s risk insurance. We serve the Seguin, TX area. Contact us today. 

Construction projects, whether small-scale or large-scale, often involve a significant investment in terms of time, money, and resources. As such, it’s essential to ensure that these projects are adequately protected from potential risks and damages. Builder’s risk insurance is a vital coverage that safeguards your construction projects in the Lone Star State.

Allen Jones Insurance Agency, serving the greater Seguin, TX community, is here to assist with the relevant facts. 

The Importance of Builder’s Risk Insurance in Texas

Builder’s risk insurance is a specialized type of property insurance that covers property owners, contractors, and builders for damages that may occur during the construction process. These damages can include fire, theft, vandalism, and weather-related events. The policy typically covers the construction materials, labor costs, and in some cases, equipment and temporary structures used on-site.

Our team understands the unique challenges faced by construction professionals in Texas. We offer comprehensive builder’s risk insurance policies tailored to meet the specific needs of your construction project. This ensures that your project in the city of Seguin, TX and the surrounding areas is protected from unforeseen circumstances and financial loss.

When working with us, you can expect personalized service and expert advice on selecting the right coverage for your project. We will assess the unique risks associated with your construction site and recommend an insurance solution that provides the best protection. With our extensive knowledge of the construction industry, you can be confident that your project is in good hands.

Reach Out To Us

Securing a builder’s risk insurance policy is a crucial step in safeguarding your construction project in Texas. We at the Allen Jones Insurance Agency offer customized solutions to protect your investment from a range of risks and potential damages. 

Visit or call us for more information on builder’s risk insurance and other valuable resources to help you navigate the complex world of insurance coverage.

At Allen Jones Insurance Agency, providing insurance service to the greater Seguin, TX region, one of the insurance products that we offer is builder’s risk insurance. Builder’s risk insurance is not an insurance product that many people are familiar with. However, if you are building a home, remodeling a home, or renovating a home, it is a product that you should familiarize yourself with.

Here are a few of the frequently asked questions about this coverage:

What Is Builder’s Risk Insurance? 

Builder’s risk insurance is an insurance product that helps to protect a building that is in the construction phase, as well as the building materials. For example, if a home is being built and thieves take the plumbing materials or electric wiring, builder’s risk insurance helps to compensate for the loss of these materials. Or if a flood occurs and the unfinished home is damaged, builder’s insurance helps to cover the costs associated with that unexpected event. 

Who Should Consider Getting Builder’s Risk Insurance? 

Anyone who is having a home or building constructed, remodeled or renovated should consider getting builder’s risk insurance. 

Does the Construction Company or Building Owner Obtain Builder’s Risk Insurance? 

The owner of the building is the individual who would obtain builder’s risk insurance. If you are having renovation or remodeling work completed on your home, you would be the individual to take out this type of policy. However, if you are having a new home constructed, the builder should take out the policy, as you likely do not own and take possession of the home until it is completed. 

Give Us A Call

If you are building, renovating or remodeling a home, builders risk insurance may be perfect for your needs. Reach out to Allen Jones Insurance Agency in Seguin, TX today to learn more about obtaining this type of insurance product. 

The Seguin, TX area has continued to be a region of the state where there has been a lot of development and growth. Along with this growth, there are a lot of opportunities to be successful as a contractor or business owner. If you are going to start a business, having the right insurance is a necessity. For contractors, this can mean having a proper builder’s risk insurance plan. There are various reasons why a contractor will need to have this here. 

Builder’s Risk Insurance: What You Need To Know

Protect Assets

One of the reasons a contractor should get a builder’s risk insurance plan is to protect assets and equipment when on a project site. Contractors are going to need various tools and pieces of equipment to get a job done right. If these tools are damaged, it can be a big setback. With a builders risk insurance plan, you will have protection for your assets against various risks including theft, weather damage, or vandalism. 

Protect Against Unforeseen Risks

Depending on the situation, your builder’s risk insurance can also protect against other costs and risks taken on by contractors. A contractor will always have risks of being fined, losing money due to administrative delays, and other types of risks. If you do choose to get a builder’s risk insurance plan, it can help to mitigate and offset some of these concerns. 

Contact Us Today

If you are a contractor in the Seguin, TX area, you will want to have the right insurance in place. This can include having a builder’s risk insurance plan. When looking for this coverage, it would be wise to start searching with the Allen Jones Insurance Agency. The professionals with the Allen Jones Insurance Agency understand the value of this coverage and can help you select an ideal builder’s risk insurance plan. 

The Seguin, TX area has continued to be a region of the state where there has been a lot of development and growth. Along with this growth, there are a lot of opportunities to be successful as a contractor or business owner. If you are going to start a business, having the right insurance is a necessity. For contractors, this can mean having a proper builder’s risk insurance plan. There are various reasons why a contractor will need to have this here. 

Builder’s Risk Insurance: What You Need To Know

Protect Assets

One of the reasons a contractor should get a builder’s risk insurance plan is to protect assets and equipment when on a project site. Contractors are going to need various tools and pieces of equipment to get a job done right. If these tools are damaged, it can be a big setback. With a builders risk insurance plan, you will have protection for your assets against various risks including theft, weather damage, or vandalism. 

Protect Against Unforeseen Risks

Depending on the situation, your builder’s risk insurance can also protect against other costs and risks taken on by contractors. A contractor will always have risks of being fined, losing money due to administrative delays, and other types of risks. If you do choose to get a builder’s risk insurance plan, it can help to mitigate and offset some of these concerns. 

Contact Us Today

If you are a contractor in the Seguin, TX area, you will want to have the right insurance in place. This can include having a builder’s risk insurance plan. When looking for this coverage, it would be wise to start searching with the Allen Jones Insurance Agency. The professionals with the Allen Jones Insurance Agency understand the value of this coverage and can help you select an ideal builder’s risk insurance plan. 

Building a new home or commercial project is a pretty heady undertaking. The team at Allen Jones Insurance Agency here in Seguin, TX can help you protect your ongoing project with builder’s risk insurance. Give us a call and find out more today.

Why you need builder’s risk insurance for your construction project

Are you in the process of building a home or office? Every construction project comes with a particular set of requirements for insurance protection. Whether you are building on spec, or the project has been pre-sold, you will want to protect your investment and ongoing work.

There are a number of different risks that can come with a significant building project. All construction companies understand that when they begin a project, things may not go as planned. Because of this, it is important to have builder’s risk insurance in place before you begin.

Purchasers of the ongoing project will also need protection. If you have contracted with a builder for your residential or commercial project, make sure that you have the necessary insurance in place before you get started building. We all know that there are risks involved when it comes to construction projects of any size.

Whether you are a builder who constructs many buildings a year or you are working on a specialized, one-time project, be sure to sit down with your local agent before you break ground.

Building a new home or office is an exciting undertaking, but be sure to protect yourself!

Come and work with us!

Let the folks at the Allen Jones Insurance Agency help you protect your Seguin, TX area construction project. Give our office a call today and schedule an appointment to come in and learn more about this important type of insurance coverage.

Construction always comes with risk. That includes risk to the property itself. The building process leaves structures vulnerable. Projects can stop because of theft, natural disaster, or many other reasons. Builder’s risk insurance provides coverage in case of damage. At Allen Jones Insurance Agency, we serve insurance-seekers in Seguin, TX. A lot of clients ask us about builders’ risk insurance. Here’s what you need to know. 

Texas Requirements 

During construction projects, the state of Texas has some insurance requirements. Namely, it requires either the contractor or building owner to have insurance for property damage. Builder’s risk insurance can help contractors meet those coverage requirements. 

Furthermore, some cities and counties may require builders’ risk insurance, specifically. Local insurance laws vary from one area to the next. For contractors who work in multiple counties, builders’ risk insurance can help them make sure they meet all requirements no matter where they work. 

Texas Weather and Other Challenges 

Texas construction sites have some unique challenges. The weather provides one of the biggest challenges. We’re all familiar with Texas heat. And last year’s snow storms proved that Texas weather can get unpredictable. Texas is also prone to wildfires, tornados, major thunderstorms, and more. 

Construction can be unpredictable in any state. Texas adds even more unpredictability to the mix. The right insurance policy can help you stay prepared. 

Why Builders Risk Insurance Matters 

Of course, builders risk insurance matters anywhere. All construction sites could benefit from this kind of coverage. That’s because builders’ risk insurance doesn’t just cover the building itself. It also covers other construction-related things. A lot of important factors go into construction. Builders’ risk insurance is designed with those factors in mind. 

Contact Allen Jones Insurance Agency 

Insurance topics can get confusing. Let us help you make sense of your options. Visit the Allen Jones Insurance Agency website today, or give us a call. We’re happy to serve the Seguin, TX community. 

Allen Jones Insurance Agency serves the Seguin, TX community by offering insurance coverage. We are committed to providing our clients with quality customer service. Our team can help you find the right policy for your situation.

A Look At Builders Risk Insurance

Builders risk insurance covers your construction or renovation project if it suffers damages. Your local Seguin, TX building project will be covered if damaged due to a fire, explosion, or severe weather such as hurricanes and tornados. The policy also covers your project if it is vandalized or accidentally damaged by a vehicle or flying object.

Builders risk insurance is an asset because the weather in Texas is often unpredictable. The policy protects if a disaster arises. Take time to research different policies. You can find a policy that covers a completed project or a pending project. Normally, the policies are available in three, six, and twelve-month terms. You can amend your policy to extend the length of the term. You can add coverage whether you are building a new home or building a new office for your business. Builders risk insurance is an asset regardless of how complex the project is.

If you are planning a commercial project, you can amend your policy to cover the building’s interior and exterior. While the project is being completed, you can add coverage to protect the construction materials, scaffolding, and fencing. However, to add liability coverage, you’ll have to look at different policies.  

Allen Jones Insurance Agency Can Help You Find The Coverage You Need

Visit our website today to learn more information about builders’ risk insurance.