Blanket Builders Risk
Construction Insurance
CA$ 10K
Alberta, British Columbia, Manitoba, New Brunswick, Newfoundland, Nova Scotia, Ontario, Prince Edward Island, Saskatchewan, Yukon
No
- Builders Risk
- builders, developers, property owners undergoing renovations
- annual blanket coverage
Product Overview
Blanket Builders Risk by ABEX Affiliated Brokers Exchange Inc. is designed for builders, developers, and property owners who manage several construction or renovation projects each year. This policy brings all similar projects together under one annual plan, making it easier to keep track of coverage and costs.
The policy is flexible, covering four or more projects at once, and adjusts as new builds are added throughout the year. The CAT limit is set by the highest value of projects at risk at any time, giving steady protection for every site.
There is no deductible, which means claims are handled without extra out-of-pocket costs. Blanket Builders Risk is available in ten provinces, making it a strong choice for clients with projects across Canada.
About Blanket Builders Risk by ABEX Affiliated Brokers Exchange Inc.
Blanket Builders Risk helps streamline insurance for multiple projects, offering consistent coverage and cost-effective premiums. This product is built for professionals who want to simplify their insurance needs.
For more details or to get started, brokers can check the application form or connect with an underwriter for a quote through the ‘Contact Underwriter for Quote’ section. The product page also lists helpful references for further information.
Blanket Builders Risk by ABEX Affiliated Brokers Exchange Inc. FAQs
What is the difference between Builders Risk and Wrap Up insurance?
Builders Risk insurance covers property and materials during construction, focusing on the physical structure and related items. Wrap Up Insurance, often called “Course of Construction” liability, covers all parties involved in a project, including contractors and subcontractors, for third-party liability.
Blanket Builders Risk by ABEX Affiliated Brokers Exchange Inc. is a Builders Risk policy, so it protects the property and materials, not third-party liability.
Is COC the same as Builders Risk Insurance?
COC stands for “Course of Construction,” which is another term for Builders Risk Insurance. Both refer to coverage for buildings and materials while construction is underway.
Blanket Builders Risk, including ABEX Affiliated Brokers Exchange Inc.’s, is a course of construction policy that covers several projects under one annual plan, making it a flexible choice for builders and developers.
How does the annual blanket coverage work for this product?
Annual blanket coverage means all qualifying projects are insured under one policy for the entire year. The CAT limit is based on the highest value of projects at risk at any time.
This approach helps clients manage insurance for multiple sites with less paperwork and steady protection. Blanket Builders Risk by ABEX Affiliated Brokers Exchange Inc. is part of the broader construction insurance line of business. To learn more about construction insurance, click here.
Can Blanket Builders Risk by ABEX Affiliated Brokers Exchange Inc. cover projects added during the year?
Yes, Blanket Builders Risk is adjustable. New projects that meet the policy criteria can be added throughout the policy term.
This flexibility ensures coverage stays current as new builds or renovations begin. Clients can keep all their projects protected under one annual policy, making it easier to manage insurance needs as work progresses.
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