P.O. Box 1750, Cockysville, MD, 21030
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Builder’s Risk Insurance

Bookmark and Share A gas line explosion...A short circuit that fries electric wiring...Even a lightning strike...Any building site under construction or renovation is highly vulnerable.

Builder's Risk insurance will pay for loss or damage to a structure (and, in some cases, of the materials, fixtures and/or equipment used to build or renovate it) caused by a variety of perils - such as windstorms, hail, theft, and vandalism. The policyholder can also extend coverage to include;
  • Property in transit to the job site or stored at a secure offsite location.
  • Scaffolding, construction forms, and temporary structures on the site.
  • Removing debris from covered property.
  • Paying firefighters to save or protect property.
  • Replacing blueprints or construction plans.
As a rule, Builders Risk insurance does not cover losses due to mechanical breakdowns, floods, earthquakes, water damage, or rioting.

These policies are often written for a three month, six month, or 12 month coverage term. If the project is not completed by the end of the initial term, it may be extended in many cases, but usually only one time. Coverage ends when the property is ready for use or occupancy.

The amount of coverage, usually based on the project budget, should reflect the total completed value of the structure (including costs of materials and labor), but not the value of the land. Depending on the circumstances, either the building contractor, developer, or owner(s) can buy Builders Risk. If a bank issues a construction loan, it will usually require the borrower to purchase a policy. In many cases, showing proof of insurance might be mandatory under city, county and state building codes

Construction Industry Injuries

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The experience modification indicates relative claims experience by offering a credit modification, lower premium, for positive claims experience and higher premiums, debit modification, for poor experience.

But does an experience modification help you understand the rate of injuries in your operations rather than the raw cost? Frequency of claims correlates to safety more so than the costs associated with those claims.

According to the Bureau of Labor Statistics (http://www.bls.gov/iag/tgs/iag23.htm), full-time construction professionals suffer four injuries per year for every 100 employees on average. Half of those injuries result in loss of time or light duty assignments.

The average time lost is one and one-half days.

First, four injuries out of 100 employees may not sound like a high average, but that rate makes construction a very hazardous occupation. Personal protective gear and safety awareness over the past few decades has helped reduce jobsite claims, but this rate can be reduced further.

Slips and falls are the most common claims and yet very avoidable using proper techniques for ladder safety and spill clean-up. Tie ladders off or use a buddy to steady it; clean spills immediately and thoroughly.

Back pain from lifting incorrectly or excessively is common in the construction industry. Again, avoidable using a weight limit per lift and a buddy system for heavier loads.

Use your insurance carrier resources to reduce and eliminate injuries through advanced and aggressive loss control techniques. Use government resources like the Occupational Safety and Health Administration (www.OSHA.gov) which can provide safety regulation awareness or instructions in Spanish and other languages.

Workplace safety is an employee benefit. Can you prove your work sites are safer than average? Do you have light duty options for unfortunate injuries? Do you investigate all injuries and find a cause of and prevention for each incident?

Worker safety pays in cash and improved morale. 



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Cold weather will be with us for a few months which can cause a variety of problems for contractors and their employees who work outdoors in winter weather.

To help your workers stay warm and safe on the job, follow these precautions:

  • Make sure that they keep their body temperature at or about normal by wearing layers of clothing, both inside and outdoors.
  • Provide proper rain gear, gloves, good waterproof boots, and an extra pair of clean, dry socks.
  • Have workers protect their neck and ears; they can lose a lot of heat from these areas.
  • Treat frostbite properly. The most important symptom is a numbing effect, which many workers tend to ignore. Other symptoms can include red skin turning to white, poor blood circulation, and blisters. To provide first aid: 1) never rub the frozen part in snow or immerse it in hot water (you can use warm water); 2) cover the affected area with extra clothing or a blanket; 3) get the worker out of the cold; 4) apply loose fitting, sterile dressings and splint and elevate affected extremities if possible; and 5) seek immediate medical attention.
  • Make sure that portable heaters are maintained and inspected on a regular basis. Defective ventilation and incomplete burning of fuel can lead to carbon monoxide poisoning. Locate fuel containers, regulators, piping, and hoses and secure them in sites where they won’t be subject to damage. Protect the valves from damage also.

Remember, the more effectively you help your employees stay warm and safe on the job, the higher their productivity,– and the lower your insurance premiums.

For more information, please feel free to get in touch with our agency’s Construction insurance specialists at any time.


Pumping Concrete

Bookmark and Share 2 One of the most cost-effective advances in the construction industry has been the use of concrete pumps. Older style bucket operations took significantly longer and frequently affected the quality of the job. Modern concrete pumps allow crews to move massive amounts of concrete while maintaining the quality of the product. The bottom line: Concrete pumps move concrete quickly and efficiently in a wide variety of applications.

Despite the benefits, you'll need to make sure that pump crews take special precautions to make the placement of concrete as safe as possible:

  • Wear proper personal protective gear, including hardhats, safety glasses, rubber boots, and water-resistant gloves.
  • Check that safety pins installed between the discharge hose and the boom are positioned properly.
  • Make certain that no one's working directly under the boom.
  • Maintain at least a 20-foot clearance between the boom and power lines.
  • Use a signal person if the pump operator can't see where the concrete is being poured.

Although the pump operator plays an important role in the safety of the operation, job safety is the responsibility of the entire crew. Following basic safety suggestions can make concrete pumps safe to use, as well as cost efficient.