Probably best known for its insurance products for private securities offerings (crowdfunding), Assurely and Buildertrend have announced a new partnership for builders’ insurance.
Buildertrend is a residential construction management platform. Since 2006, the company reports that it has helped contractors to take control of projects and bring efficiency to various aspects of their business.
Buildertrand states that the collaboration will see a new cost-effective insurance product for builders including liability, project-specific bonds, and more.
Users of the new service will be able to view quotes, recommendations, and renew policies on the platform.
Assurely will provide construction-specific insurance programs with access to over 100 of the world’s carriers.
Michael Vandevoort, general manager of insurance at Buildertrend, said they are excited to expand their Builder’s Risk Insurance to all fifty states with a product that will provide construction-specific insurance from reputable carriers for all the policies our customers require.
David Carpenter, CEO of Assurely, said his company is “reinventing what insurance can be: targeted, trustworthy and painless.”
“As a company, we understand and eliminate the frustration customers face when it comes to construction insurance. By partnering with Buildertrend, we will improve how the insurance industry provides home builders and remodelers exactly what they need, when they need it, at the best price available – and in a way that other providers can’t.”