Builder’s Risk
Construction is a risky business. Builder’s Risk is one way to protect property during construction or renovation. Such policies may cover fire, vandalism, theft of materials, materials in transit, malicious mischief, and certain “soft” costs if a project runs past a deadline. VERTEX knows how to identify risk, reduce loss, and evaluate loss at construction sites.
Recent assignments have included: a fire at an apartment development, damage to equipment at a water treatment plant, and flooding at a construction site.
Property Loss Reporting
- Site investigation and inspection
- Review & analyze contract documents
- Assessment of existing or potential problems
- Damage Investigations
- PRP investigation
- Causation reports
- Cause & Origin investigations for fires
- Liability reports
- Expert reporting
- Defect correction
Property Loss Correction
- Protection of the property
- Repair work
- Retain competitive bidding for repair work
- Manage repair work
- Monitor the reconstruction of the insured property
Dispute Resolution Services
- Prepare defenses
- Negotiate claims
- Administer mediation, arbitration or litigation
