Blog - TSIB, Inc.

Weathering Hurricanes & Other Types of Extreme Weather

Written by The TSIB Team | August 23, 2024

The Atlantic Hurricane season is upon us, typically running from June 1st to November 30th. The storms this year seem to be stronger than in the past as we have seen with Hurricane Beryl and Debby. It’s important that your company is properly prepared to withstand extreme weather, from both a property and insurance perspective.

When it comes to dealing with extreme weather during a construction project there are many different issues that can arise. In severe weather, it is unsafe for workers to continue, resulting in the production process being halted. In addition, hurricanes and other forms of extreme weather such as hail, tornadoes, and earthquakes can destroy any already preexisting projects. If construction sites are damaged, the overall cost of the project will increase, as well as the time it will take for completion. Lastly, the supply chain is heavily reliant on the weather status, so if hurricanes do occur, the transportation of materials will be delayed, which will lead to further delays for the project. 


On the insurance side, extreme weather can lead to increased claims. If the construction site is damaged, the insurance claim will go up. This will include the cost of new materials, repairs, and the stoppage of the construction in general. On top of that, the policies could be changed. This is due to the project delay itself. The effect of extreme weather could possibly make insurance companies increase prices, to allow for more coverage. 


Working with a Broker, like TSIB, ensures your company will have the best protection for your business. Here are some benefits of having the proper insurance coverage: 

Builder’s Risk insurance includes: 

  • Coverage or unexpected and uncontrollable weather
  • Single policy insurance protecting the project from being lost
  • Allowing Owner, Lender, Mortgage Holder, Contractor, and all Subcontractors involved in the job insurance
  • First-party coverage which gives companies beneficial funds to be able to continue the project on-time

Property Insurance includes: 

  • Monetary benefits to owners who lose money
  • Protection of physical assets of the construction site and company

Coverage for construction properties is crucial. For example, should an extreme weather event happen, such as a hurricane, it’s reassuring knowing your project site is protected. If you are worried about this year’s hurricane season, or any other extreme weather that can arise, reach out to TSIB today to help! 

TSIB’s Risk Consultants are currently servicing the following locations:
East Coast: New York City, NY; Bergen County, NJ; Fairfield County, CT; Philadelphia, PA
Texas: Austin, San Antonio, Houston, Dallas
California: Orange County, Los Angeles County, Riverside County, San Bernardino County, San Diego County