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Best Price Builder's Risk Insurance in Oxnard, Florida

Builder’s risk insurance covers your building project from covered losses such as fire, severe weather, or theft while under construction, prior to the certificate of occupancy. Builders risk may also cover the cost of cleanup and clearing away debris and the loss of rental income, and cost associated with delayed completion of the construction.

What Does Builder’s Risk Cover?

When you have a Builders Risk policy covering your construction project, you’re covered against losses which may include:

  • Theft of tools and equipment onsite.
  • Fire damage to a structure in progress.
  • Structural damage due to weather events.
  • Vandalism to a structure in progress.
  • Delayed Completion.

PLEASE NOTE: Builders Risk Policies are not standardized, so coverage varies from carrier to carrier. Always read the policy before purchasing coverage.

Optional Coverages

The following optional coverage can be added to most policies to meet the needs of the contractor:

  • Installation floater, this covers uninstalled materials and equipment, while in storage, or transit, or the jobsite.
  • Premise liability should a person become injured while on the site (this excludes employees, subcontractors and their employees).
  • Delayed completion of the project.
  • Loss of rental income, or other costs associated with the delay in the completion of construction.
  • Office trailers.

When Do You Need Builder's Risk Insurance?

  • If you are performing new residential or commercial construction and major remodels.
  • In today’s environment a Builders Risk policy is essential to protect your company for the cost of theft or damage to property can strike at any time.

Builder's Risk Insurance Policy Coverage

What is covered?

  • The structure is covered for fire or theft of installed materials
  • In addition to providing coverage on property at the construction site, most builders risk policies provide coverage on the building site, in transit and in temporary storage away from the construction site

What is not covered?

  • Contractors’ tools and equipment, are usually excluded from coverage. Coverage for this type of property is available to the contractor under a contractors equipment policy.
  • However, some builders risk forms specifically exclude employee theft, dishonesty, or mysterious disappearances or shortages that are found when taking inventory. This exclusion is intended to prevent coverage for property that may have been misplaced, rather than stolen.
  • Loss caused by wear and tear, or site conditions (fungus, wet or dry rot, bacteria and asbestos.) Be sure to read the coverage exclusions to the policy prior to purchasing.
  • Flood and earth movement is excluded from most builders risk policies, but may be endorsed to the policy as needed.
  • Settling, cracking and expansion of foundations, pavements, floors, ceilings, or roofs is excluded from most builders risk policies.

The Best Builder's Risk Insurance to get you on the job safely in Oxnard, Florida

If you're running a contracting service, you most likely currently know how easily things can go wrong. From broken equipment to injured employees, and everything in between, building and construction is a hazardous industry where accidents happen every day. Being so, there are few things more vital to your contracting company than insurance that will cover you totally when hard times fall. So if you're trying to find the best possible license bond in Oxnard, Florida, you’ve arrived - put your company in the capable hands of Pascal Burke Insurance Brokerage today!

Where Contractors Go to Get Insured!

We are specialist in an array of policies that cover not only general cases but specialty contractors. Check out how we can help you below.

Why us

Many contracting insurance brokers have business diplomas and briefcases - they might understand the stats, however they don't have the facts. When you select Pascal Burke Insurance Brokerage, Inc., you're drawing from decades of experience in the building and construction industry. Having been in the field ourselves, we know your insurance needs like the back of our hands - hands that are still calloused from the work you do everyday. Some things just can't be taught - they must be lived. So, if you want insurance coverage brokers who'll treat your company as they would their own, we're the ones for you. Let's build something.

About us

In 1974, our founder and president Pascal Burke began his career in construction as an architect’s apprentice, but his heart was in building so he joined a large concrete company, building parking structures and sports stadiums, After a few years he began his own construction company specializing in parking structures until 2005, he then joined the board of directors of an insurance company that specialized in contractors general liability. After 4 years, he began Pascal Burke Insurance Brokerage, Inc. Since this beginning we have specialized in contractors’ insurance and are licensed in over 40 states. We truly know contractors from the ground up!

Baltimoreis themost populous cityin theU.S. stateofMaryland, as well asthe 30th most populous cityin theUnited States, with a population of 585,708 in 2020.Baltimore was designated anindependent cityby theConstitution of Maryland[10]in 1851, and today is the largest independent city in the United States. As of 2017, the population of theBaltimore metropolitan areawas estimated to be just under 2.802million, making it the21st largest metropolitan areain the country.Baltimore is located about 40 miles (64km) northeast ofWashington, D.C.,making it a principal city in theWashington-Baltimore combined statistical area (CSA), the third-largestCSAin the nation, with a calculated 2018 population of 9,797,063.

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