See How Multi-Locations Save Big with Builders Insurance
Real-World Examples and Statistics
Consider a construction company operating in three different states, each with varying climate conditions and regulatory requirements. By opting for a builders insurance policy tailored to each location, the company was able to reduce their overall insurance costs by 15% compared to purchasing separate policies for each site2. This not only resulted in cost savings but also streamlined their insurance management process.
Furthermore, a study by the Insurance Information Institute found that businesses with builders insurance experienced a 30% reduction in project delays due to covered events, demonstrating the efficiency gains from having comprehensive coverage3.