Specialized Industries - Builder's Risk Management
Builder's Risk Management
Building with Confidence
You know what you’re doing when it comes to residential and commercial construction projects. Shouldn’t your builder’s risk insurance reflect your experience?Builder's risk management - it's needed to mitigate against financial loss resulting from physical loss or damage to property during the construction phase. It’s a must-have for builders, but it’s not always easy to obtain at a reasonable price. If the project is located in area subject to natural catastrophes - such as earthquakes and hurricanes - coverage is often very limited in nature and sometimes unavailable.
All residential and commercial developers compete with their peers for the limited insurance capacity available from traditional markets. Even if the project is not located in a catastrophe-prone area, coverage can be costly. To get the best coverage at the best price, you need an advantage that puts you in control.
Accurate Risk Assessment Means Lower Costs
Working with Beecher Carlson, you’ll get precisely the coverage you need with the best possible terms at the lowest possible cost. We know that underwriters offer more capacity at more reasonable costs when they are convinced that the true risk presented by a specific construction project has minimal impact on their aggregate exposure within a geographic region. To obtain this less expensive coverage, we work closely with our clients to present the most accurate picture of risk, with a comprehensive submission and face-to-face meetings to explain details and answer questions.The Beecher Carlson Advantage
Beecher Carlson gives your project an edge, with underwriting submissions that are:- Complete: We go far beyond the typical Acord form. We provide a comprehensive picture, emphasizing areas that reduce the risk of loss, with particular emphasis on natural catastrophes.
- Compelling: We thoroughly describe the experience held by the developers, general contractors, architects and MEP engineers to deliver a full picture of the team’s expertise.
- Helpful: We use RMS catastrophe models to provide damage estimates at various confidence levels to assist both the underwriter and the client in measuring the risk of loss from hurricanes, earthquakes, tornadoes and terrorism.
- Precise: We include all of the data necessary to assure that catastrophe models provide the most accurate possible results for clients.
- Persuasive: We present all additional risk-mitigating factors that differentiate the project from others in the area.
