General Contractor Insurance and Builders Risk Insurance in Concord, NC
Building a home or a commercial building in Concord, NC requires many different things and people, including someone to be the general contractor to corral and coordinate everyone else with the goal of finishing the building project. What is important is to have the right insurance in place, both general contractor insurance as well as builders risk insurance, and our team at Central Carolina Insurance Agency can help you get both. With any building project there is a lot that can go wrong, from employees getting injured to damage to property to missing deadlines and other perils but having the right insurance in place can ensure that none of these issues derail the progress of the project. Contact our team today to discuss your insurance needs and get the right protection in place.
General Contractor Insurance in Concord
As a general contractor your job is to oversee the entire project and ensure that everything remains on schedule. You are working with multiple entities, from subcontractors performing specific work to the property owners who you need to check in with on a regular basis, plus ensuring the project itself is protected against unforeseen issues like damage, theft, natural disasters, and more. For general contractors, your insurance needs only start with having liability insurance in place.
The whole idea behind insurance is to provide a safety net in case the worst happens. The insurance is there to help the project from grinding to a halt, and the issue is covered with the insurance coverage while the project can continue to move forward. This might mean getting replacement supplies delivered, hiring another subcontractor to complete a specific need, or other tasks that are required for the project.
Builders Risk Insurance in Concord, North Carolina
Builders risk insurance is different from contractors’ insurance in that this policy covers the physical project location. This coverage in Concord, North Carolina is there to protect the materials being used for the project, the property as it is built from various perils, equipment being used on the project, as well as contract penalties for not hitting specific deadlines. These are not cookie-cutter policies, so speaking with our team at Central Carolina Insurance Agency will be important to ensure that you have the right coverage for each project you work on.
While Concord is doing a lot of construction in the city, the deadlines for completion have been a moving target, and insurance is a way to provide some compensation. The city was a winner of the All-America City Award in 2004. As county seat, Concord became a center of trade and retail for the cotton-producing region, especially on court days. Located in Piedmont, Concord became a site of industrialization with cotton mills in the late 19th century. Contact us today to learn more about how the right insurance can protect you from a variety of issues with a construction project.
