FRAMING INSURANCE IN VERMONT

What Is Framing Insurance?

Framing homes and other buildings comes with a great deal of responsibility and an according amount of potential risk. Framing contractors may be held responsible for workplace accidents or mistakes in their work, and these liability risks are in addition to common property risks that many businesses in different industries face. Framing insurance helps protect framing contractors and businesses in Vermont from a variety of liability and property risks that they face.

Framing insurance is a specialized form of commercial insurance that’s specifically tailored to meet the risk mitigation needs of framing contractors and businesses. In order to protect against the diverse risks that these businesses face, framing policies usually have multiple coverages that get packaged together.

What Vermont Businesses Need a Framing Policy?

Most Vermont businesses that build the essential structures of homes or other buildings should consider purchasing a framing policy. This includes framing contractors as well as some other businesses. All of the following businesses should speak with an agent who specializes in these types of policies to see whether this insurance is suited to their situation:

  • Residential framers
  • Commercial framers
  • Wood framing contractors
  • Steel framing contractors
  • Post-frame contractors

Businesses that work on-site on wood frame component fabrication might find that this type of policy meets their needs too.

In some cases, contractors who do framing and other work might need the protections that framing policies provide but other coverages also. General contractors, homebuilders and commercial construction companies that do framing, for instance, will likely find that a more robust insurance policy is necessary. An insurance agent who’s familiar with framing and other construction insurance policies can help select the most appropriate type of policy for a business.

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What Coverages Do Framing Policies Come With?

The exact coverages that a framing policy comes with can vary, but there are several coverages which are common and found in many of these policies. Some of the more common ones are:

What Is an Additional Insured?

General contractors who subcontract to framing contractors may want to be listed as an additional insured on the framing contractor’s insurance policy, and some general contractors won’t award work unless they’re listed as such. 

Listing a general contractor as an additional insured allows the general contractor to file an insurance claim against the framing contractor’s policy, if the general contractor has a covered claim. Framing contractors should keep this in mind when selecting limits for their policy’s coverages, as a general contractor’s claim could eat into a policy’s limit.

What Is a Waiver of Subrogation?

General contractors also sometimes require their subcontractors to carry a waiver of subrogation. This waiver states that the subcontracting framing business’ insurance company won’t come after the general contractor to recoup losses associated with a claim.

How Can Framing Contractors in Vermont Get Framing Insurance?

For help finding framing insurance in Vermont, contact the independent insurance agents at Paige & Campbell Insurance. Our agents can help you compare policy options from a number of different insurance companies, and we have the expertise needed to help you select the best available policy for your business’ needs.

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