Chicago IL Online Builders Risk Insurance Policy Calculator Estimator Launched

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Chicago, IL-based insurance broker Builder’s Risk launches its Instant Quote service, which makes it easier for contractors to quickly estimate how much builder’s risk insurance they need.

Builder’s Risk, an insurance broker based in Chicago, IL, announced the launch of its Instant Quote service. Available via the company’s website, this feature makes it easier for busy contractors to quickly estimate how much builder’s risk insurance they need for their projects.

More information is available at:

While construction can be a lucrative trade, mishaps during the process can jeopardize a contractor’s business. This is because standard property insurance policies typically do not cover structure, materials, equipment, and supplies for an ongoing project.

The firm says that builder’s risk insurance provides a safety net that covers this gap. It adds that while builder’s risk insurance is not legally mandated, many construction clients will not work with contractors that do not have it.

It launched the Instant Quote service to empower contractors to find the best coverage for their business. To generate a quote, customers simply need to input details about their current project and their construction company. They can choose to be covered from 3 to 12 months, but the policy can be extended as needed until construction is finished. Customers can also customize the deductible they want to pay to make their premiums more affordable.

After supplying the necessary information, the Instant Quote system will give a ballpark figure of the monthly premium payment. The quoted amount will also cover HVAC equipment, scaffolding, signage, plants and trees, cribbing, false work, fencing, vandalism, theft, and fire. Certain policies may also cover profit.

As a leading insurance broker, Builder’s Risk works only with A-rated insurance companies and selects only the best offers to present to clients. The contractor is then free to choose whichever policy best fits their needs.

A representative from the company says: “It never hurts to be extra careful and this is especially true when it comes to construction companies. By securing builder’s risk insurance, contractors are also able to secure their business and income. We invite them to use our free Instant Quote feature.”

More information about the company and its insurance offerings is available via the URL above.