How COVID-19 Impacted the Builders Risk Market
COVID-19 made a huge impact on the construction industry and the builders risk insurance market as businesses worked out new rules and best practices. Independent Agent recently interviewed insurance experts from multiple organizations for insight, including US Assure President Alan Ferguson. Read their article to find out where it left commercial building and the single-family housing market.
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Check out these three tips for insuring frame construction so you can confidently sell to and service construction clients.
Through US Assure, you have access to policies that often complement the needs of your builders risk insurance clients. Check out these instructions to service them in the most efficient way.
Do you know the differences between a named insured, additional name insured and additional insured?
When a covered cause of loss occurs, the claims payment check will be issued to all named and additional insureds, as well as lenders, and each will be required to sign it in order to receive funds.
Check out these definitions to ensure you understand the full impact of each insured type.