Builder Insurance Premiums Double as Lawsuits Rise
Rising lawsuits and regulatory scrutiny are transforming builder insurance, leading to doubled premiums and narrower coverage options. Builders now encounter rigorous documentation requirements, thorough site inspections, and expanded policy exclusions. Proactive measures, such as precise recordkeeping, subcontractor vetting, and policy reviews, enable effective adaptation. This guide outlines essential steps to navigate the evolving landscape, mitigate costs, and safeguard business operations in 2025.
By Kara Harris
4 min read