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The Factors Influencing Builders Risk Premium
June 23, 2023
If you're new to course of construction insurance, you may wonder how much builders risk insurance costs. Luckily, a builders risk policy is often more affordable than some clients realize.
Once you understand the considerations for calculating a project’s exposure, you’ll be able to recognize the impact those factors can have on your clients’ insurance costs.
Learn about primary influences and other pricing considerations for a builders risk insurance policy when you read this article by Rachele Holden, our SVP and Head of Product Underwriting, for Property Casualty 360 Magazine.
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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.