What:
Builders & Tradesmen’s Insurance Services, Inc. (BTIS), an insurance intermediary, announced the launch of VETA, an exclusive General Liability insurance coverage option designed to meet the niche needs of construction remodelers and artisan contractors.
Why:
Remodeling expenditures in the United States amounted to $418 billion in the third quarter of 2022 – an upward trend of spending that has been rising since 2015. As the demand increases for insurance coverage on these projects, it is crucial to address the liability concerns unique to this market.
How:
- More than 35 classes of construction trades are offered – including two separate remodeling classes, Interior and Interior & Exterior – to provide a tailored approach to different remodeling exposures.
- Bundled class codes and easy-add tool packages are one of the distinct features.