Welcome Trade Contractors

Professional trade contractors do their best to meet the general contractors and their clients' needs: good planning, reputable suppliers, trusted employees, a high level of craftsmanship. But things happen. An unexpected delay in a delivery; a city-wide strike by a trade union; a structural discovery in an older home...or just a hard-to-get-along with customer or general trade contractor— all unpredictable but can lead to an unhappy client. And it just takes one disgruntled client to destroy years of building a great reputation.

To protect your business from unpleasant results, call upon BuildersTrust. Our warranty is underwritten by JRSO, Inc. that, through its subsidiaries, developes, and manages programs for specialty risks in the alternative insurance market. Benefits to contractors include:

• Guaranteed payouts
• No more chasing payments
• Collection of receivables on time and in full
• No more worry about whether payment will occur
• Preservation of business solvency and cash flow
• Enhances business growth and performance
• Enhances customer satisfaction
• Provides a valuable advantage over competitors
• Eliminates collection costs
• Provides for full compensation of collection

Coverage Limitations

• No claim under $1000 or in excess of $125,000 is covered; this will not limit the size of the contract, only each claim
• Riders can be written for higher limits
• The warranty is governed by the state law where the work is located
• The warranty is limited to one year after date of completion
• Any and all written change orders performed by a BuildersTrust association member in good standing are covered under the warranty provided that the contract has been forwarded to BuildersTrust as required.
• Can replace surety bond

The Process

By entering into a BuildersTrust warranty with your client, BuildersTrust assures the construction process. In the event there is a dispute, both parties first attempt to resolve the issue privately. If that is not successful, a claim is filed by either party with BuildersTrust. The filing party can choose to arbitrate within one year of the project completion. The arbitration process is through an impartial third party. Once a ruling is made by an arbitrator, BuildersTrust assures compensation.

Homeowners can not purchase this product without their contractor's participation.

Premiums

Yearly premiums for warranty, payable in yearly or monthly (except for under $50 K).