Builders Best

Why would you build with anything less than the best tools in the industry? Builders Mutual is known for providing the industry standard in workers' compensation. When paired with Builders Best, our policyholders have access to a comprehensive package of coverages.

Builders Best provides the following types of coverage, which makes us the single source for all your commercial insurance needs:

BUSINESSOWNERS POLICY (BOP)

Assembled for ease of use, our Builders Best BOP is a convenient self-contained policy featuring a broad base of coverage. It covers property, including business personal property and general liability, and automatic coverage for most commonly requested additional insureds. Business income and extra expenses coverage covers your actual loss sustained. Other features include installation coverage, contractors tools, owned and borrowed equipment, pollution clean-up, and back-up of sewers and drains. Optional coverages like replacement cost, and increased limits are also available. Designed for trade contractors with a maximum payroll of $600,000, where subcontracted work does not exceed 25% of gross receipts.

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COMMERCIAL PACKAGE POLICY (CPP)

For larger trade contractors, with payrolls of more than $600,000, as well as general contractors, Builders Best CPP is not so much a policy, but a competitive package of automatic yet flexible coverages. General Liability is at the core of the CPP, and can be packaged with Property, Inland Marine and/or Crime. When the package consists of General Liability and Property, the following features are included:

  • Business Income and Extra Expense Coverage
  • Personal Property at Other Locations
  • Installation Coverage
  • Automatic Coverage for most commonly requested additional insureds
  • Contractors Tools
  • Owned and Borrowed Equipment
  • Computer Equipment (including laptops)
  • Pollution Clean-Up
  • Lock Replacement
  • Money and Securities
  • Unscheduled Buildings

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COMMERCIAL GENERAL LIABILITY

Builders Best General Liability coverage protects your business assets from claims for which you are found legally liable. Available separately or as the core of a Commercial Package Policy (CPP), General Liability coverage includes bodily injury, property damage, advertising and personal injury liability, and offers automatic coverage for the most commonly requested additional insureds. Other coverages include premises/operations liability, products/completed operations liability (covering independent contractors and contractual liability), employee benefits liability coverage and coverage for property in your care, custody and control. In the event of a claim, General Liability also provides defense costs for the insured business.

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COMMERCIAL PROPERTY

Builders Best Property coverage is a far-reaching policy essential to any builder. Coverage includes buildings or structures (such as offices, storage buildings, and other structures used by the business), business personal property (including furniture, equipment and other property on the premises) and property of others in your control. The policy also includes additional coverages for debris removal, preservation of property, fire department service charges and pollution clean-up and removal. Optional coverages like replacement cost, agreed value and inflation guard are also available. Property coverage can be further enhanced when included as part of a CPP.

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COMMERCIAL INLAND MARINE

Builders Best Inland Marine policy is a specialized series of coverages suited to the more individualized needs of certain builders. It covers the contractors for loss of tools, machinery and equipment, fine arts, signs, scheduled property, accounts receivable and valuable papers and records. Also available is electronic data processing coverage, including extra expense and loss of income coverage. This enhances your computer coverage by extending the policy to the information contained within, rather than just covering the unit itself. A specific policy for specific needs, Builders Best Inland Marine can be written separately or as part of a CPP.

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COMMERCIAL CRIME

Builders Best Crime policy is designed to provide some of the most extensive coverage available, including employee dishonesty, forgery and alteration, robbery and burglary. Crime insurance covers three types of property related to running your business: money (currency, checks, bank notes and money orders); securities (negotiable instruments and contracts representing money or other property); and other tangible property with intrinsic value. Crime coverage can be written separately or as part of a CPP.

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COMMERCIAL AUTO

Indispensable to builders on the road, Builders Best Auto policy provides complete coverage for a variety of business-related vehicles, such as pick-up trucks, vans, dump trucks, box trucks and trailers. Designed for complete protection in conjunction with other business property coverage. Coverages including liability, physical damage, medical payment and uninsured motorists are available for most owned, non-owned, hired, temporary, substitute and newly acquired autos whether trucks or private passenger vehicles.

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BUILDERS RISK COVERAGE

Builders Risk provides flexible, comprehensive coverage, offering you reporting and non-reporting options on an annual or monthly premium basis. Coverage includes property, scaffolding and temporary structures, theft of materials, and can include profit. Builders Risk also features coverage that extends beyond the dwelling or structure, such as debris removal, pollution clean-up and removal, and fences, trees and outdoor property. Coverage is also available for remodelers, unsold dwellings and model homes.

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BLANKET BUILDERS RISK

Blanket Builders Risk provides standard Builders Risk coverages AND automatically covers every new-construction project you start during the year without the hassle of reporting.  Earthquake and model home contents coverage is available as well.

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UMBRELLA LIABILITY

Builders Best Umbrella Liability coverage is available to provide peace of mind protection for your liability exposures. Umbrella coverage is recommended for builders seeking additional coverage to enhance their other policies. Coverage is provided for limits of liability over and above the coverage provided on your automobile and general liability policies and additional coverage that fills in the gaps where no underlying coverage exists, subject to a self-insured retention or deductible.

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Trust your coverage to those who know it better than anyone. Builders Best takes all the tools you need for complete coverage and puts them in the same box. If you're already covered by Builders Mutual's WorkSafe Program, now is the time to look into consolidating your coverage with the industry expert. Contact your agent for more information about how you can put the best tools in the business to work for you.

* All products may not be available in every state. Please contact BMIC headquarters in Raleigh, NC for more details.