Builders Risk Insurance For Contractors

Builders risk insurance is a type of property insurance that protects construction projects, renovations, and additions. Learn how builders’ risk insurance provides protection, and then update your existing insurance policy if necessary.

Builders Risk

Builders’ risk coverage protects against unforeseen events that could damage a project while it is underway. It is only needed while a project is active.

The coverage goes into effect at the onset of a new project. Once the project is complete, the property owner is responsible for insuring the property and any buildings located on it.


Builders’ risk provides protection for buildings and additional features against theft, vandalism, natural weather events, and fires. However, it does not protect against intentional acts of destruction or faulty designs.

The coverage terms for builders’ risk coverage will be outlined in the insurance policy documents that consumers acquire when they purchase insurance.


Contractors often acquire builders’ risk insurance before a construction project begins. This type of insurance protects a contractor’s investment and ensures that a construction company owner does not incur financial loss while the project is underway.

A property owner can also obtain builders’ risk insurance. If a property owner decides to have renovations done, it may be in the owner’s best interest to acquire builders’ risk insurance.

Contact R&R Insurance Group LLC

Our R&R Insurance Group LLC representatives offer many insurance products beneficial to contractors and private property owners. Contact one of our Quakertown, PA, insurance agents to arrange a consultation. During the consultation, you can inquire about builders’ risk coverage and other types of insurance coverage that you need.

Overlooked Parts Of Commercial Insurance Policies

R&R Insurance Group LLC serves the Quakertown, PA community and surrounding areas. We work closely with multiple carriers on the East Coast. We are committed to helping our clients obtain coverage that aligns with their current and future situations. We will sit down with you and help you figure out which policies will help you live comfortably.

Overlooked Parts Of Commercial Insurance Policies

As a local Quakertown, PA business owner, you are constantly looking for ways to stand out from the competition. Having a strong commercial insurance policy can help you attract top talent. It also makes your business more appealing to customers who know that they are supporting a business with integrity. Commercial insurance policies cover any damages to your equipment. You are also covered if your equipment is stolen or vandalized. Liability coverage is a big part of your policy. As a business owner, be aware that you may be sued at any moment. Liability coverage protects your business if one of your customers alleges that your products caused them harm or if they are injured while visiting your property. Pay attention to these overlooked parts of commercial insurance.

Workers Compensation

You likely depend on your employees to operate a successful business. If there is an issue in the workplace, morale will drag down. Workers compensation covers any injuries in the workplace. By taking care of your employees, you help keep employee morale high.

Professional Liability Coverage

If you help complete projects or perform consulting work, professional liability coverage can help you protect your business. Sometimes, errors occur while working on tasks. However, your business may be at risk if a customer alleges negligence on your part. Professional Liability Coverage steps in to provide a layer of protection.

R&R Insurance Group LLC Will Help You Cover Your Assets

Contact us today to learn more information about commercial insurance.  

Who should get a commercial insurance plan?

Owning a business can be a great career option for anyone in the Quakertown, PA area. When you own a business, you will have many opportunities for success. When starting a business of any kind, you will have a lot of important choices to make. One decision that will need to be made early on is when to select a commercial insurance plan. There are several situations when a business should have this coverage.

When Trying to Protect your Company

Every business owner should get a commercial insurance plan because you want to protect the business and employees. Owning a business will always come with a lot of risks. Due to this, you need to spend time figuring out how you can mitigate these risks as well as possible. With commercial insurance, you will receive coverage that can protect your company assets and offset the risk of commercial liability claims. 

When Raising Capital

You will also want to have commercial insurance if you want to raise capital for your company. Taking out a loan or raising outside equity can help fuel growth and get your company off the ground. Anyone who will provide a loan or invest in your company will want to know that you are properly protected. An important part of that will be reviewing your commercial insurance to ensure you are properly covered.

When you want to grow your company, getting a proper commercial insurance plan is very important. As you are looking for commercial insurance in the Quakertown, PA area, you should call R&R Insurance Group LLC. The team with R&R Insurance Group LLC can help you evaluate your options and pick an ideal policy.