Successful Starts: Building Boom Highlights Need for High Value Coverage

The business of building, whether commercial construction or professional homebuilding, is a booming segment in today’s economy. Pent-up, post-pandemic demand; a nationwide housing shortage; a more relaxed financing market; and a forthcoming infusion of government infrastructure spending paint a rosy picture for the foreseeable future.

For general contractors and homebuilders, these elements present significant degrees of opportunity. With opportunity, though, comes risk. Few businesses are as unpredictable or as risky to orchestrate as a construction site. Delays due to injury, theft or damage can make or break an otherwise successful project. Like any well-built structure, careful prior planning is essential for success. Risk management and a proactive protection stance are two of the best ways to ensure a project’s profitability.

As you start planning, consider the following before breaking ground:

• General liability requirements and concerns
• Worker’s Comp coverage — including subcontractors
• Risk assessment and risk mitigation
• Is a surety bond needed to ensure promised delivery of services or goods?
• Does the project have unique needs that require specialization?

Oakbridge Insurance has decades of experience covering the needs of builders across the Southeast. We can help develop a risk management program that reduces the likelihood of casualty and better protects your investments in time, effort and money. Our Best Practices approach to customer service means prompt, fair, personalized resolution of claims if and when they occur. Our Surety program is top in the industry and can provide bonds from $500,000 to over $500 million, regardless of your business’s size.

Our exclusive Webber Homebuilder’s Program has been providing specialized coverage for residential homebuilders since 1977. The Webber Program is designed specifically for full-time builders and anticipates many of their unique concerns at a far better value than standard construction insurance.

Our dedicated professionals understand both the risk and the reward of a well-built project. Let us help plan your next success.

We’re Oakbridge, built on a foundation of trust.