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The Construction Industry has been hit hard by the economic decline, and experts predict recovery will come slowly, even after other industries will begin to see improvements. Now, more than ever, protecting builders, designers, and general contractors from catastrophic losses is critical for the survival of these struggling firms. Fortunately, Stuckey & Company now has access to General Liability coverages essential for General Contractors and Artisan Contractors in both the Commercial and Residential sectors. With low minimum premiums, installment options, and flexibility to cover over 50 classes including work done by subcontractors, Contractors General Liability from Stuckey & Company is a critical component for firms already on the brink of financial crisis.
Despite this dire need for insurance in the industry, builders and designers are by no means insurance experts. In fact, they are discourage from giving insurance advice at all. In 1997, the AIA General Conditions of the Contract for Construction, Document A201, was extensively revised. The insurance portions of the document specify insurance requirements in general terms, leaving the Supplementary Conditions to be specified by the designer. Contractors and designers must rely on their legal advisers and insurance experts to recommend the necessary coverage for each project.
Stuckey & Company has access to top-rated carriers and comprehensive tools to insure that each project’s risk is properly managed and that the insured is protected in their already vulnerable state.
Want to learn more about this new program for the Construction industry?
Join our webinar on Thursday, December 10th at 11:30 am cst. Michael Nejman from Cornerstone Underwriting Partners will be discussing the features of this important coverage. Register here: https://www2.gotomeeting.com/register/231461955
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Economic recovery for construction will be slow, but you can help general contractors survive the downturn by becoming their insurance expert and critical resource for managing their risks. Contact Stuckey today for more information: 1-800-828-3452 www.stuckey.com