HUB Builder’s Risk Insurance Solutions

Complete coverage for your construction project

Project owners and general contractors must ensure they have adequate coverage to protect their project in the event of damage from fire, water or theft during construction. Builder’s Risk insurance provides coverage for property used in construction, installation and renovation projects.

However, it can be challenging for project owners to secure appropriate coverage as insurance carriers often impose additional underwriting requirements for water and fire mitigation, as well as site security. Project owners must then engage with multiple vendors or contractors to install mitigation systems prior to being eligible for insurance coverage. The complex and often time-consuming process of engaging multiple vendors and contractors for mitigation systems can pose significant financial and logistical burdens for project owners.

A turnkey solution for Builder’s Risk coverage

With HUB Builder’s Risk Insurance Solutions, project owners have a complete turnkey solution for builder’s risk insurance on their frame and non-frame construction projects. Our comprehensive approach includes best-in-class solutions for security, water mitigation and fire resistance technologies. HUB Builder’s Risk Insurance Solutions offers you a complete package for builder’s risk coverage: appropriate insurance protection plus the peace of mind of knowing you have met all underwriting requirements and your project is adequately protected against theft, fire or water damage.

Additionally, with our proprietary app, all project stakeholders have complete visibility and oversight of the carrier requirements for any project.

Solutions for your project’s biggest risks

HUB’s team of construction insurance specialists will work with you to secure risk mitigation tools necessary for your project including:

• Site security. From access control systems and video surveillance to jobsite security guards, our experts will help to ensure you have the appropriate levels of security required for your specific project.
• Water mitigation. Anything from weather events to a burst pipe can prove catastrophic to a construction project when not caught quickly. We will help you implement proactive solutions and automated leak detection to prevent water damage.
• Fire resistance technology. Wood-frame projects are especially susceptible to fire damage during construction. New fire-resistant coatings and technologies can help reduce these risks.
• Transparency and monitoring. Our proprietary mobile app allows you to monitor and mitigate risks across your project through a single interface.

HUB Builder’s Risk Insurance Solutions lets you focus on completing your project, knowing that you are complying with carrier requirements and protected against potential loss.

Contact a HUB construction insurance specialist to get started.