Can Builders Risk insurance in Montgomery, AL really protect a framing contractor’s profits? We all know that, in a state like Alabama where competition in the construction industry is high, it is critical that you protect your profits. So, let’s find out more from Farmer Brown Insurance company.
Construction companies are the second biggest employer in the state. Over 120,000 of Alabama’s 2 million workers involved in building work with a large number of those based in the state capital of Montgomery. How can you make sure that your business thrives in such an environment? In this article, we’ll look at what you can do to protect profits for your framing business.
Protect Your Framing Business Profits
A majority of construction businesses in Alabama pay the price for inadequate safety. As per the U.S. Bureau of Labor Statistics, the private construction industry had the highest number of fatalities in the state at 22. Since framing is an inherently risky business, you can only mitigate the financial impact of such accidents. The best way to do that is with Builders Risk insurance in Montgomery, AL.
At Farmer Brown Insurance, we give you the information you need to get the policy you need. Our industry experts scour the market for the best Builders Risk insurance in Montgomery, AL to protect your framer profits. Let’s look at 3 reasons why Builders Risk should be an indispensable part of your portfolio.
3 Good Points About Builders Risk Insurance
- All-round coverage: Builders Risk policies safeguard your investment in the framing structure as well as the equipment you are using for the project. You’re fully protected against damages to your specialized construction equipment, whether they occur on-site or during transit. What makes our policies the best for Builders Risk Insurance in Montgomery, AL? We also provide you protection for materials, labor costs, and other expenses incurred during framing to mitigate all potential losses.
- No more delays: Framing is a time-sensitive business with costs increasing longer the project goes on. And if any unforeseen event such as a change in building codes causes delays, costs can begin to really pile-up. Your Builders Risk policy provide refuge in such a scenario. A policy will not only cover the cost of delays, but also lost sales or rental income, additional interest on loans, real estate taxes, and other expenses. To fully protect your framer profits, you can also choose to include soft costs such as expenses for architects, lawyers, and expediters in your insurance contract.
- Immediate protection: Among all insurance policies, Builders Risk is the most cost-effective and time-efficient. Our policy requires little to no underwriting, meaning your Builders Risk insurance in Montgomery, AL will take effect within hours from purchase. At Farmer Brown, we provide a special ‘quote and issue’ service that makes sure your policy’s bound by our agent in real-time, as long as there is approval from your broker.
Get Builders Risk Insurance In Montgomery, AL
Maintaining a steady stream of profits in a competitive industry can be challenging. However, with a large proportion of Alabama’s economy dependent on construction, your framing business has bright prospects in the state. To stay a step ahead of others and secure your business’s position, choose the right Builders Risk Insurance in Montgomery, AL. The trusted professionals at Farmer Brown will help you do just that with our decades of experience. Get started now by calling us at (888) 973-0016.