Commercial builders insurance: the most common questions answered
insurancebusinessmag.com
Commercial builders insurance: the most common questions answered
Commercial builders insurance is essential for everyone involved in construction projects. Find out how it protects construction companies in this guide
Apr 23, 2024
Builder's risk insurance Cost
Let’s Talk Total Insured Value (TIV) for Builder’s Risk Insurance 🏗️ When quoting Builder’s Risk, TIV isn’t just a number—it’s the foundation of your client’s coverage. What is TIV? It’s the full value of the project, including: ✔️ Materials ✔️ Labor ✔️ Equipment ✔️ Any other costs to complete the build Why does it matter for you? ✅ Accurate TIV = Proper coverage and competitive pricing ✅ Underestimating TIV = Risk of uncovered losses ✅ Overestimating TIV = Higher premiums than necessary Your c
0:11
Let’s Talk Total Insured Value (TIV) for Builder’s Risk Insurance 🏗️ When quoting Builder’s Risk, TIV isn’t just a number—it’s the foundation of your client’s coverage. What is TIV? It’s the full value of the project, including: ✔️ Materials ✔️ Labor ✔️ Equipment ✔️ Any other costs to complete the build Why does it matter for you? ✅ Accurate TIV = Proper coverage and competitive pricing ✅ Underestimating TIV = Risk of uncovered losses ✅ Overestimating TIV = Higher premiums than necessary Your c
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