Construction insurance is insurance that provides financial compensation for covered losses to a building or structure, as errors and unforeseen events can lead to damage and losses during a building’s construction. Building companies or other parties that have an interest in the property being built generally purchase it.
Construction projects are generally extremely costly with different risk exposures, taking into account the quantity of materials, equipment and contractors required to complete the project. Without building insurance, it would be extremely risky for companies to participate. It gives the invested parties the peace of mind to carry the project forward. With a proper policy, the construction company, or the other insured parties enjoy coverage for a number of perils and will be significantly less at risk to lose large sums of money.
Our 15+ years of experience and our relentless commitment to exceptional customer service make Twin Palms Insurance Group different. No two businesses are exactly the same and we are committed to offering flexible and intelligent underwriting solutions, with coverage tailored to a business’s needs. We also don’t shy away from complex risks. Contact Twin Palms Insurance today to discuss your options.
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