Commercial Insurance Claims for Builder’s Risk

Our public adjusters are highly experienced in claims involving builder's risk. We guide you through the entire claims recovery process, working to get you the maximum amount for your claim.
When a disaster devastates your property and halts construction, the mounting costs from delay can become immeasurable. How are you covered?

It may be the largest development project in your company’s history, years in the making. A project that you may have to bet your future on. Then, when a disaster devastates your property and halts construction, the mounting costs from delay can become immeasurable. When your project is under construction, it is vulnerable to a range of natural and man-made disasters that can threaten your investment within moments. How are you covered by a builder’s risk insurance policy?

After a disaster, it isn’t just about the hard costs of repairing and rebuilding what was damaged or lost. It’s about the soft costs, too. Because a disaster has delayed your completion date, the additional expenses and potential business income loss you now have to bear can be extraordinary. Rather than leaving it up to your insurance company to decide what can be covered, our public adjusters have the expertise and proven results to evaluate, document, and present a detailed and comprehensive claim of all losses to prove what you are entitled to under your policy. We work only for you, negotiating and expediting a maximum claim amount so you can recover and get the job done.

What To Focus On After Builder's Risk Damage

Make sure you fully understand the meaning of each of the following before you move forward. Feel free to reach out to us for a no-cost discussion about your claim.
  • What is my agent/broker’s role?
  • What do I need to know about the insurance company’s experts?
  • Why is a claim strategy so important?
  • What are considered hard costs?
  • What are considered soft costs?
  • How quickly can I start rebuilding following a loss?

Property Damage Losses Commercial Claims Recovery Process

Property Damage
Time Element
Life & Safety Issues
Mitigation of Damages
Establish A Preliminary Recovery Plan
Evaluation of Coverages
Valuation Of Damages, Claim Preparation, and Documentation
Negotiations & Settlement
Restoration Of Property & Operations

How Our Team Helps You

  • Evaluate Fully reviewing your insurance coverage.
  • Strategy Developing a claim management strategy.
  • Compliance Determining policy compliance issues.
  • Valuations Completing detailed valuations of building, equipment and inventory losses.
  • Interruption Formulating business interruption models.
  • Itemization Presenting and supporting an itemized claim package to your insurer.
  • Negotiation Negotiating on your behalf with your insurance company.
  • Communication Keeping you informed every step of the way.
  • Settlement Ultimately settling the claim for the maximum amount and with less hassle for you.

Industries We Have Helped

A fire destroyed a three-story addition to a hotel in El Centro, California. The construction project was framed, with electrical and plumbing fixtures in place, and the roof stacked. The fire also damaged the client’s two adjacent hotel properties.

Related Resources

  • Publication
    Issue # 3037

    Builder's Risk Insurance

    Moving into a newly constructed or renovated building is an exciting time. It’s the culmination of a complex undertaking, involving a spectrum of activity from land acquisition to ...
  • Video
    07.10.2017

    Who needs Builder's Risk Insurance?

    Karl Denison, Executive Vice President and Principal at Goodman-Gable-Gould/Adjusters International discusses who needs Builder's Risk Insurance
  • Podcast
    07.06.2016

    Builder's Risk Insurance

    Panelists discuss steps policyholders should take to ensure there is adequate insurance coverage on their upcoming or existing project

Contact Us

If you're suffering from a commercial property claim, we can help!
Call us at 800.382.2468 or fill out the form below:
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