Builders Risk News Roundup: January 2023
Check out these three optional coverage descriptions. Then, sign up today for instant access to our “A” rated product in your state with no volume commitment.
1) Change Order
Contract upgrades during new construction or remodeling often increase the total completed value but go unreported, resulting in an underinsured project.
Our change order endorsement can be added as a safety net in increments of 10, 20 or 30% of the total insured value at the time the policy is issued or endorsed at a later date.
2) Extra Expense
Business owners can receive reimbursement for actual extra expenses needed to avoid suspending or to minimize the need to suspend operations when extra expense coverage is endorsed with the policy.
This optional coverage will also pay for costs associated with repairing or rebuilding to reduce further loss, even if such mitigation efforts are temporary.
3) Expediting Expense
When clients suffer a loss due to a covered cause, expediting expense coverage helps them get the project back to its pre-loss state … faster!
With this endorsement, funding would be provided to expedite permanent repair or replacement of lost or damaged covered property.
See you next month when we deliver another roundup of product news. Until then, you can find more training tools for you and your team in our resource center.

More News
View moreCheck out these three builders risk policy tips. Then, sign up today for instant access to our “A” rated product in your state with no volume commitment.
Explore US Assure’s newly renovated website and provide us with your feedback.
Coming January 2023, we’re taking the good bones of usassure.com and flipping the rest to give you a place you'll love to visit even more.
Check out these three supplemental coverage options to help you confidently sell and service construction clients.
