Brock Smith Custom Homes, LLC risk management, safety and insurance programs.


	nsurance is a topic that is extremely important to understand when it comes to building a Custom Home. Owners are exposed to risk and it is imperative to address the topic of insurance as part of your Contractor review and selection process. Brock Smith Custom Homes, LLC is committed to providing their client’s excellent risk management, safety and insurance programs throughout the construction process. We have chosen to work with Bacic Group, LLC; a construction specialty insurance brokerage firm with over 100 years of combined experience in insurance placement, service and knowledge in the construction industry. They understand our business and the importance of coordinating the risk management issues of all parties to the contract. Our insurance program is structured to address the important risk management issues surrounding the Custom home building industry. Whether the issue involves builder’s risk property exposures, operational site exposures, completed operations exposures or subcontractor management, our experienced team is prepared to address key risk management issues with you. Brock Smith Custom Homes, LLC provides important valued added service by communicating with the owner and their representatives on these important risk management issues during the project design, planning, contracting, construction and ownership phases. Brock Smith Custom Homes, LLC takes the same quality approach to risk management as they do with the other items that go into the homes they build. A lot of home building contractors have very limiting insurance coverages and an owner can find themselves in a precarious position when they learn that the contractor they have hired to build their home does not have the proper insurance coverages to insure and protect themselves and the homeowner.
	Some of the insurance coverage shortcomings you will find in the home building industry are: Limiting water damage coverage endorsements. No coverage/inadequate coverage for property damage claims that may arise after completion of construction. No coverage/inadequate coverage for bodily injury and/or property damage arising from the work of a subcontractor. No coverage/inadequate coverage for bodily injury and/or property damage from land subsidence. Inability to waive subrogation rights to owner. Potential residential work limitations or exclusions. High deductibles.
	All insurance policies contain terms conditions and exclusions, however, Brock Smith Custom Homes, LLC’s risk management team has navigated through these insurance pitfalls that plague the home building industry to insure our company, the owner, and the home itself far above the industry standard. For Example, most homebuilder’s liability insurance policies are written at a $1,000,000 primary limit with no consideration to potential excess losses. Brock Smith Custom Homes, llc takes the responsible risk management approach and carries a $5,000,000 excess liability policy to protect clients from potential excess liability losses. We would appreciate the opportunity to explain our coverage to you. Back to Top