A Contractor's Guide to Construction Bonds | Procore
procore.com
A Contractor's Guide to Construction Bonds | Procore
There are many types of surety bonds used on construction projects — in this guide, we look at the different construction bond types and how they work.
Jan 15, 2025
Builder's risk insurance Cost
Let’s Talk Total Insured Value (TIV) for Builder’s Risk Insurance 🏗️ When quoting Builder’s Risk, TIV isn’t just a number—it’s the foundation of your client’s coverage. What is TIV? It’s the full value of the project, including: ✔️ Materials ✔️ Labor ✔️ Equipment ✔️ Any other costs to complete the build Why does it matter for you? ✅ Accurate TIV = Proper coverage and competitive pricing ✅ Underestimating TIV = Risk of uncovered losses ✅ Overestimating TIV = Higher premiums than necessary Your c
0:11
Let’s Talk Total Insured Value (TIV) for Builder’s Risk Insurance 🏗️ When quoting Builder’s Risk, TIV isn’t just a number—it’s the foundation of your client’s coverage. What is TIV? It’s the full value of the project, including: ✔️ Materials ✔️ Labor ✔️ Equipment ✔️ Any other costs to complete the build Why does it matter for you? ✅ Accurate TIV = Proper coverage and competitive pricing ✅ Underestimating TIV = Risk of uncovered losses ✅ Overestimating TIV = Higher premiums than necessary Your c
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