Builders Mutual is the one-stop resource for all your commercial insurance needs*:
For residential, commercial, and trade contractors, a Builders Mutual Workers’ Compensation insurance policy protects a company’s most valuable asset – its employees. Accidents happen, and when they do, you want an insurance company focused on getting injured workers the medical care and rehabilitation they need to get back on the job-site.
Available as monoline coverage, or as part of a comprehensive multiline account, the Workers’ Compensation policy provides coverage for medical care, physical rehabilitation, and lost wages for workers injured on the job. Optional coverages include United States Longshore and Harbor Workers’ Compensation Act (USL&H) for over-the-water exposures, specific and blanket options for Waiver of Subrogation, and Material Coverage Change or Cancellation Notification.
For larger trade contractors, with payrolls of more than $1,000,000, as well as general contractors, our CPP is not so much a policy, but a competitive package of automatic yet flexible coverages. General Liability is at the core of the CPP, and can be packaged with Property, Inland Marine and/or Crime. When the package consists of General Liability and Property, the following features are included:
For residential, commercial, and trade contractors, a Builders Mutual General Liability insurance policy protects your business assets from covered claims for which you are found legally liable. Available separately or as the core of a package policy, the basic General Liability policy provides coverage for bodily injury, property damage, advertising and personal injury liability, and medical payments. Specific coverages provided include premises/operations liability, products/completed operations liability (covering independent contractors and contractual liability), options for employee benefits liability coverage, and coverage for property in your care, custody, and control. In the event of a covered claim, General Liability also provides legal defense costs for the insured business.
Options for your General Liability policy include:
Builders Mutual's Property coverage is a far-reaching policy essential to any builder. Coverage includes buildings or structures (such as offices, storage buildings, and other structures used by the business), business personal property (including furniture, equipment and other property on the premises) and property of others in your control. The policy also includes additional coverages for debris removal, preservation of property, fire department service charges and pollution clean-up and removal. Optional coverages like replacement cost and inflation guard are also available. Property coverage can be further enhanced when included as part of a CPP.
Our Inland Marine policy is a specialized series of coverages suited to the more individualized needs of certain builders. It covers the contractors for loss of tools, machinery and equipment, fine arts, signs, scheduled property, accounts receivable and valuable papers and records. Also available is electronic data processing coverage. This enhances your computer coverage by extending the policy to the information contained within, rather than just covering the unit itself. A specific policy for specific needs, Inland Marine can be written as part of a CPP.
Builders Mutual's Crime policy is designed to provide some of the most extensive coverage available, including employee theft, forgery and alteration, robbery and burglary. Crime insurance covers three types of property related to running your business: money (currency, checks, bank notes and money orders); securities (negotiable instruments and contracts representing money or other property); and other tangible property with intrinsic value. Crime coverage can be written as part of a CPP.
Indispensable to builders on the road, our Commercial Auto policy provides complete coverage for a variety of business-related vehicles, such as pick-up trucks, vans, dump trucks, box trucks and trailers. Designed for complete protection in conjunction with other business property coverage, coverages including liability, physical damage, medical payment and uninsured motorists are available for owned, non-owned, hired, temporary, substitute and newly acquired autos whether trucks or private passenger vehicles.
Builders Risk provides ﬂexible property coverage during the course of construction for general contractors working on new residential, new commercial, or renovation projects. Builders Risk coverage also includes scaffolding, temporary structures, theft of materials, debris removal, pollution cleanup and removal, fences, trees, and outdoor property. Proﬁt can be included if desired.
There are three options for your Builders Risk Policy:
Our Umbrella Liability coverage is available to provide peace of mind protection for your liability exposures and is available for Commercial General Liability, Employers Liability and Automobile Liability.
* All products may not be available in every state.