If\u00a0you\u2019re\u00a0starting a construction or renovation project in Miami, FL,\u00a0you\u2019ve\u00a0probably heard\u00a0of\u00a0builders\u00a0risk and general liability. Carrying the wrong one, or only one when you need both, can leave you exposed.\u00a0Here\u2019s\u00a0a breakdown of what each policy does and how to figure out what\u00a0coverage\u00a0your project needs.<\/p>\n
Builders\u00a0risk insurance is\u00a0intended\u00a0to cover a structure while\u00a0it\u2019s\u00a0under construction. It typically covers physical damage to the building caused by events such as fire, theft,\u00a0vandalism\u00a0or severe weather. Coverage can vary by policy, but it\u00a0generally applies\u00a0to the structure, materials on-site and sometimes equipment. In\u00a0Florida, where storms and high humidity can create financial risks mid-project, this coverage is worth having.<\/p>\n
General liability insurance financially protects your business from third-party claims involving bodily injury or property damage.\u00a0If a visitor is injured on your job site or your work accidentally damages a neighboring property, general liability insurance may help cover the resulting costs. It is a common policy for many contractors and construction businesses, and many clients and municipalities in\u00a0Florida\u00a0require it before work can begin.<\/p>\n
The short answer is often both.\u00a0Here\u2019s\u00a0a quick way to think about it:<\/p>\n
Your specific situation, project\u00a0size\u00a0and contract requirements all affect what coverage makes sense.<\/p>\n
Starting a project without the right coverage in place is a risk no contractor should take.\u00a0Contact Florida Insurance Group today<\/a>, and our team can help you find the right combination of\u00a0builders\u00a0risk and\u00a0general liability insurance<\/a>\u00a0for your project in Miami, FL.<\/p>\n This blog is intended for informational and educational use only. It is not exhaustive and should not be construed as legal advice. Please contact your insurance professional for further information.<\/i><\/p>\n","protected":false},"excerpt":{"rendered":" If\u00a0you\u2019re\u00a0starting a construction or renovation project in ,\u00a0you\u2019ve\u00a0probably heard\u00a0of\u00a0builders\u00a0risk and general liability. Carrying the wrong one, or only one when you need both, can leave you exposed.\u00a0Here\u2019s\u00a0a breakdown of what each policy does and how to figure out what\u00a0coverage\u00a0your project needs. What Is Builders Risk Insurance? Builders\u00a0risk insurance is\u00a0intended\u00a0to cover a structure while\u00a0it\u2019s\u00a0under construction. It […]<\/p>\n","protected":false},"author":35,"featured_media":13091,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_seopress_titles_title":"%%post_title%%","_seopress_titles_desc":"You\u2019ve\u00a0probably heard\u00a0of\u00a0builders\u00a0risk and general liability and how carrying the wrong one, or only one when you need both, can leave you exposed.","_seopress_robots_index":"","_seopress_robots_follow":"","_seopress_robots_imageindex":"","_seopress_robots_snippet":"","_seopress_robots_primary_cat":"none","_seopress_robots_breadcrumbs":"","_seopress_robots_freeze_modified_date":"","_seopress_robots_custom_modified_date":"","_seopress_robots_canonical":"","_seopress_social_fb_title":"","_seopress_social_fb_desc":"","_seopress_social_fb_img":"","_seopress_social_fb_img_attachment_id":0,"_seopress_social_fb_img_width":0,"_seopress_social_fb_img_height":0,"_seopress_social_twitter_title":"","_seopress_social_twitter_desc":"","_seopress_social_twitter_img":"","_seopress_social_twitter_img_attachment_id":0,"_seopress_social_twitter_img_width":0,"_seopress_social_twitter_img_height":0,"_seopress_redirections_value":"","_seopress_redirections_enabled":"","_seopress_redirections_enabled_regex":"","_seopress_redirections_logged_status":"both","_seopress_redirections_param":"","_seopress_redirections_type":301,"_seopress_analysis_target_kw":"general liability,builders risk","_seopress_news_disabled":"","_seopress_video_disabled":"","_seopress_video":[],"_seopress_pro_schemas_manual":[],"_seopress_pro_rich_snippets_disable_all":"","_seopress_pro_rich_snippets_disable":[],"_seopress_pro_schemas":[],"_analytify_skip_tracking":false,"footnotes":""},"categories":[1,30,31],"tags":[],"class_list":["post-13087","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-blog","category-builders-risk","category-general-liability"],"acf":[],"_links":{"self":[{"href":"https:\/\/www.miamigroup.net\/es\/wp-json\/wp\/v2\/posts\/13087","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.miamigroup.net\/es\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.miamigroup.net\/es\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.miamigroup.net\/es\/wp-json\/wp\/v2\/users\/35"}],"replies":[{"embeddable":true,"href":"https:\/\/www.miamigroup.net\/es\/wp-json\/wp\/v2\/comments?post=13087"}],"version-history":[{"count":1,"href":"https:\/\/www.miamigroup.net\/es\/wp-json\/wp\/v2\/posts\/13087\/revisions"}],"predecessor-version":[{"id":13090,"href":"https:\/\/www.miamigroup.net\/es\/wp-json\/wp\/v2\/posts\/13087\/revisions\/13090"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.miamigroup.net\/es\/wp-json\/wp\/v2\/media\/13091"}],"wp:attachment":[{"href":"https:\/\/www.miamigroup.net\/es\/wp-json\/wp\/v2\/media?parent=13087"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.miamigroup.net\/es\/wp-json\/wp\/v2\/categories?post=13087"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.miamigroup.net\/es\/wp-json\/wp\/v2\/tags?post=13087"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}