Framing Insurance in Vermont

WHAT IS IT? WHO NEEDS IT? COVERAGES OFFERED

Framing insurance is a specialized form of commercial insurance that’s specifically tailored to meet the risk mitigation needs of framing contractors and businesses.

• Residential framers
• Commercial framers
• Wood framing contractors

• Commercial Property Coverage
• Inland Marine Coverage
• Builders Risk Coverage

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.

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:

Commercial Property Coverage, which may cover owned facilities along with equipment and supplies kept on-site
Inland Marine Coverage, which may cover equipment and supplies as they’re transported to and from job sites
Builders Risk Coverage, which may cover equipment and supplies at a job site
Contractors Equipment Coverage, which may cover specific categories of equipment and tools
Commercial General Liability Coverage, which may cover basic accidents and lawsuits
Commercial Auto Coverage, which may cover company-owned vehicles
Employment Practices Liability Coverage, which may cover employment-related lawsuits
Umbrella Coverage, which may afford secondary liability protection

Mike Bancroft is simply an amazing agent. When my business got burglarized, I was so upset and didn't know what to do. I contacted Mike and he was very prompt in calling me back and he put my mind at ease. He made me feel so much better and handled all of the paperwork immediately. His customer service is top notch and I highly recommend him to be your insurance agent!

Becci Kepnes-Letourneau

Our business was with the same trusted agent for over 20 years. Mike Bancroft offered to evaluate our policies and see if he could save us some money on both Workmen's Comp and general liability. He did, and in the process even moved us to better coverage. Mike also offers a superb quality of service. Cannot recommend highly enough.

StoryWorkz Creative

Mike Bancroft has been great to work with. He has assisted with my Business Auto, Tool Coverage, Homeowners and all other types of insurance needs. I wouldn't be surprised if they change their name to Paige, Campbell & Bancroft soon!

Lance Garrett

Extremely prompt, personable, and professional service! Despite only needing a workers' comp policy for one employee, Paige & Campbell was very receptive and ensured to shop my policy around to ensure I received a great price that was almost half of what another broker quoted me.

Jennifer L.

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.