Head of Home Builder Insurance for Berkshire Hathaway Specialty Insurance Katie Beck sits down with Jenny Simon, director of marketing communications for IBACOS to break down the challenges she faces when offering and underwriting coverage for builders.
Beck dives into the details on how insurance companies are changing their coverages and how builders can protect themselves through these ever-changing times.
RELATED
“The number of different sources of loss, along with the timing of when those losses come in make it really hard for us to project losses,” says Beck. “If you couple that with the market changes that we’ve seen over time, whether it be the big boom in the mid-2000s, the decrease in the late 2000s, the changes in the builder processes and how they do things, builder codes— all of those things push and pull on what the losses are going to be.”
Watch the full segment below
Watch past segments here
Advertisement
Related Stories
Business Management
How to Create a More Inclusive Workplace for Women in Construction
Consider these tips and techniques to attract and retain more women in your home building company and reap the benefits of a more diverse workforce
Business Management
AI in Home Building ... What Now? What Next?
Artificial intelligence is coming to home building. How can builders use AI in new-home construction? Start with this primer
Business Management
Ways to Improve Home Building Productivity, Part 2: Automation
Home builders can maximize efficiencies gained through simplification and standardization by automating both on-site and back-office operations
