Is Insurance Cheaper for Commercial Metal Buildings?

Is Insurance Cheaper for Commercial Metal Buildings?

commercial metal buildings
commercial metal buildings

When planning a new commercial building, there are a lot of decisions to make that can affect how much your insurance will end up being. For example, the type of material you construct your commercial building out of. If you choose a metal building, you’ll find that the insurance costs for these structures are generally lower than those of traditional buildings.

The main reason for this is that commercial metal buildings are more impervious to most of the leading causes of property damage. With that in mind, the following guide explains exactly why insurance companies view commercial metal buildings as less of an insurance risk.

Commercial Metal Buildings – Lower Risks for Worker Injury/Lower Costs During Construction

During construction, commercial metal buildings are much less dangerous for workers to build than traditional buildings. For example, if you’re building a wooden structure, the chances of worker injury due to falling debris or support beams are much higher than with metal buildings. This is because commercial metal buildings are constructed using much lighter materials that can be quickly assembled without the need for heavy machinery.

Additionally, many commercial metal buildings are prefabricated, meaning that they come as a kit that can be easily assembled on-site. This reduces the risk of worker injury because they require less labor and time to put together.

Commercial Metal Buildings – Lower Risks for Damage/Lower Insurance Coverage Costs

Commercial metal buildings are less vulnerable to certain types of damage than traditional buildings. This can mean lower insurance premiums for metal structures because they are more resistant to things like fire, water, and wind damage.

For example, steel buildings are non-combustible, meaning that a fire won’t be able to burn through the walls and destroy the entire building as it might in a wood structure. In addition, metal buildings are much more resistant to high winds than traditional buildings because of their strong framework and lack of exposed edges or joints where wind can get trapped.

Finally, commercial metal buildings are damage resistant to things like mold, mildew, and termites, all of which can cause significant damage to traditional buildings.

Commercial Metal Buildings – Improved Impact Resistance

Another factor that contributes to the low insurance premiums associated with commercial metal buildings is their high level of impact resistance. They can handle the force of hail and storms without experiencing significant damage. Additionally, metal buildings don’t typically lose resistance over time the way buildings constructed out of other materials do.

Commercial Metal Buildings – Decreased Risks of Fire and Weather Damage

Insurance companies don’t just factor in the actual construction of the building being insured — they’ll also consider the environment in which it’s being built. As such, a building constructed in an area that’s vulnerable to certain weather conditions will cost more to insure. However, commercial metal buildings are much more resistant to damage from storms than traditional structures, which can lead to cost savings in terms of insurance.

For example, strong winds and heavy rains can cause significant damage to wooden structures, but metal buildings are often able to withstand the brunt of the storm with minimal damage as a result of their strength and durability. In addition, metal structures are generally much less vulnerable to fire than other types of buildings due to their non-combustible nature.

Why Fire-Resistant Commercial Metal Buildings Costs Less to Insure

Metal buildings are known for their fire-resistant qualities. One of the reasons why insurers offer lower rates for these structures is that they are much less likely to suffer significant damage from a fire and require costly repairs or replacement. Fire risks are a massive liability for an insurer because fires can happen relatively quickly and cause a lot of damage in a short amount of time.

Fires can occur in any environment. Not only can a building burn down as a result of wildfires, but they can also burn down due to acts of vandalism, electrical malfunctions, faulty wiring, or human error involving flammable materials or equipment being housed in the building. As a result, the more fire-resistant a building is, the lower its insurance premiums will be.

Commercial Metal Buildings – Can You Lower Your Insurance Rates?

Insurance can be expensive, especially if you plan to construct your building in an environment that’s prone to volatile weather conditions or if your business involves storing, manufacturing, or selling items that could pose a potential risk.

Fortunately, there are ways that you can lower your insurance premiums. For example, in addition to using a prefabricated metal building that’s more resistant to damage, you can also invest in additional safety and security measures such as security systems, fire sprinklers, or smoke alarms to further reduce the risk of property damage.

Why Buy Commercial Metal Buildings from Future Buildings

At Future Buildings, we understand how important it is for businesses to have reliable and affordable insurance coverage. That’s why we offer high-quality prefabricated commercial metal buildings that are designed to meet the highest standards of quality and safety. Our commercial metal building kits are manufactured using the highest quality steel materials and are designed to stand the test of time.

We prefabricate our building kits using Galvalume Plus™ steel, one of the highest-quality steels available on the market today, and are built to withstand the harshest weather conditions, including strong winds, heavy snow, and even fire. Galvalume Plus™ Steel is known for its exceptional corrosion resistance, which ensures that your steel building remains in excellent condition for decades. In fact, Future Buildings offers a 50-year warranty against rust perforation on all their metal buildings.

The high-quality steel used in constructing a steel building from Future Buildings, is sourced directly from ArcelorMittal Dofasco, ensuring consistent quality and optimal pricing. This commitment to quality materials means that customers can trust in the long-term performance and reliability of their metal arch roofing system. Read more about Galvalume Plus™ Steel at their website here.

Explore our steel building styles to find the perfect solution for your property. You can check out all our building styles below.

Steel Building Styles

If a straight-walled style of building is your preference, visit our sister company, Toro Steel Buildings.

Additionally, our buildings come with step-by-step instructions that make it easy to assemble on-site, reducing labor costs and the risk of injury during construction. For more information or if you would like to request a quote, be sure to contact us by filling out our online form or by calling us at 1-800-668-5111 today.

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