Homebuilders Insurance
Homebuilders Insurance
Whether you are constructing custom homes, developing residential communities, or taking on renovation projects, CAI is dedicated to protecting your projects from beginning to end. And we understand that your industry faces unique risks, making a customized insurance plan all the more important.
If you are a homebuilder that is a Home Builders Association (HBA) member, you are also eligible for special rates and benefits.
What are the unique risks homebuilders face?
Construction Site Accidents
The potential for worker injuries, falls, and equipment accidents makes construction sites inherently dangerous. However, with general liability and workers’ compensation insurance, your medical expenses, settlements, and legal fees from such incidents are covered.
Property Damage
Construction sites are vulnerable to all types of property damage, such as theft, vandalism, and weather-related damages. With property insurance, you can have peace of mind knowing that your tools, materials, and structures are covered, minimizing delays in your project and financial loss.
Builder’s Risk
During the building phase, it’s vital that your project is protected against damage or loss. Builder’s risk insurance ensures that you are safeguarded from threats such as wind, theft, fire, and other unexpected events that impact your progress.
Professional Liability
The quality and safety of your work is in your hands as a homebuilder. With professional liability insurance, you are protected from negligence, errors, or omission in your design and construction services.
Contractor’s Equipment
Without your equipment, completing projects efficiently would be difficult. With contractor’s equipment insurance, if your tools or machinery get damaged or stolen, the cost for a repair or replacement is covered.
Pollution Liability
In construction there is always a risk that a project will lead to an environmental hazard, such as a hazardous material spill or soil contamination. With pollution liability insurance, the cost of cleanup, legal fees, and associated damages is covered.
Completed Operations Liability
Once a project is complete, there may be issues such as faulty workmanship or structural defects. With completed operation liability insurance, claims made after the construction is completed will be covered.
Why CAI Insurance?
CAI understands the complexities of the homebuilding industry and we are dedicated to creating an insurance package that addresses your specific needs. We also provide value-added benefits such as complimentary subcontractor agreements, risk management services, and claims service. For homebuilders, our coverage options include:
- General Liability – Provides protection for ongoing and completed jobs
- Workers Compensation – Includes cost containment and work assignment programs guidance
- Business Auto – Includes towing and labor
- Umbrella – Has limits up to $20 million with no self-insured retention
- Inland Marine – Protects your equipment and tools
- Property – Includes the option of robust coverage extensions
- Surety & Fidelity Bonds – Protects all types of contractors and specialty trades
- Worksite Pollution Liability & Cleanup – Intended for damages caused by pollutants you may bring onto a jobsite
- Custom Designed Employee Benefit Plans
Meet Your CAI Partner
Andrew Mercurio
With years of experience in the insurance industry, Andrew is well equipped to handle any risks your business might face. He is originally from Cincinnati, Ohio, and it was there that he formed his love for the Bengals, Reds, and Bearcats. He is also a proud Alumni of Moeller High School. After graduating high school, Andrew attended Warren Wilson College in Asheville, NC where he met his future wife and fell in love with the Blue Ridge Mountains.
Andrew’s experience with the homebuilding industry is unique. With his dad owning and operating a homebuilding business for over 50 years, Andrew grew up side by side with him on jobsites. Since then, Andrew’s passion for the homebuilding industry transitioned naturally to risk management. He and his team look forward to the opportunity build a tailored insurance program for your business.
Organizations Involvement
- Home Builders Association
- Rotary Club
Get a quote today!
P: 513.221.1140
E: amercurio@cai-insurance.com