CASE STUDY
Securing Superior Builder’s Risk Terms for Three Key Projects
SoCal Contractor Receives Best Builder’s Risk Terms by Leveraging Partnership with Procore Risk Advisors
The Challenge
A prominent SoCal commercial builder struggled to get competitive builder’s risk quotes in time to meet the start date for several public school remodels over the summer. The firm had worked with other brokers but could not obtain the necessary coverage in a timely manner. Procore Risk Advisors stepped in to help solve this urgent need to meet the project start dates.
The Solution
Procore Risk Advisors utilized their exclusive builder’s risk program with A-rated carriers to put together the most competitive quotes rewarding the contractor’s use of technology through the Procore Platform.
The Results
Procore Risk Advisors provided quotes and bound coverage for the three school projects, including the necessary coverages and catastrophe limits that the other broker was unable to obtain. This also provided savings across all three projects to the contractor.
LOCATION
Southern California
FIRM TYPE
General Contractor
Procore Risk Advisors (PRA) is a brand of Procore Insurance Services, Inc., a modern insurance brokerage offering Surety and Insurance products with its principal place of business at 221 W 6th Street, Suite 1800, Austin, TX 78701. Licensing Information
PRA-044-10-9-2023