When investing in a new metal building, it’s essential to consider not just the construction costs but also the ongoing expenses like insurance. Fortunately, metal building insurance is generally more affordable than coverage for wood-framed or traditional structures. This affordability stems from the durability and fire resistance of metal buildings, but there are several key factors to keep in mind to ensure you get the best rates.
Understanding Metal Building Insurance
Insurance rates for metal buildings are determined by assessing the structure’s overall risk. Key factors include:
- Building Materials: Metal structures are more resistant to fire, wind, and water damage, which lowers their risk profile.
- Fire Resistance Classification: Structures are assigned a fire resistance class based on ISO standards, which directly impacts insurance premiums.
ISO Fire Resistance Classifications
The Insurance Services Office (ISO) has developed six classifications of fire resistance. These help insurers determine how a building might perform in the event of a fire:
- Class 1: Frame – Noncombustible or slow-burning exterior walls, but floors and roofs include combustible materials.
- Class 2: Joisted Masonry – Fire-resistant exterior walls with at least a one-hour rating, but roofs and floors may still be combustible.
- Class 3: Noncombustible – Exterior walls, floors, and roofs are all noncombustible or slow-burning.
- Class 4: Masonry Noncombustible – Masonry walls at least 4 inches thick with one-hour fire resistance; floors and roofs are noncombustible.
- Class 5: Modified Fire Resistive – Similar to Class 6 but with less thickness. Fire resistance ranges from one to two hours.
- Class 6: Fire Resistive – The most fire-resistant classification. Walls are solid masonry (4+ inches thick), and floors, roofs, and supports offer at least two hours of fire resistance.
Most metal buildings with steel roofs fall into Class 3, providing a balance of fire resistance and affordability.
Steps to Lower Your Metal Building Insurance Rates
While metal buildings are inherently more affordable to insure, you can take additional steps to reduce premiums:
- Add Fireproofing Measures
Enhancing fire resistance can significantly lower insurance costs. Common fireproofing options include:
- Intumescent Coatings: These expand under heat to create a protective barrier between fire and steel components.
- Rigid Board Fireproofing: Easy to install, this material meets fireproofing standards while adding thermal and acoustic benefits.
- Concrete Encasement: Encasing steel columns or large sections of the building in concrete boosts fire resistance without excessive costs.
- Install Sprinkler Systems
Sprinkler systems are a straightforward way to reduce fire-related risks. Many insurers offer discounts for buildings equipped with active fire suppression systems.
- Optimize Structural Design
When planning your metal building, prioritize Class 3 construction. Higher classifications, like Class 5 or 6, offer added fire resistance but may not provide enough insurance savings to justify the increased construction costs.
Benefits of Metal Buildings for Insurance
Metal buildings have clear advantages when it comes to insurance. They are:
- Fire-Resistant: Steel construction naturally limits fire spread compared to wood.
- Durable: Resistant to severe weather conditions like high winds and heavy rain.
- Cost-Effective: Lower repair costs make them less risky for insurers, which translates to lower premiums for you.
These advantages make metal building insurance classifications more favorable compared to traditional structures.
Why Work with Bull Buildings?
At Bull Buildings, we specialize in helping you find the perfect metal building for your specific needs. Whether you’re looking for a workshop, garage, or storage shed, we partner with over 28 manufacturers to ensure you get the best quality and price.
We also understand the importance of long-term costs like insurance. By working with us, you’ll gain access to a range of metal building options designed to meet your budget, including those that align with favorable metal building with steel roof insurance classifications.
Ready to start your next project? Contact one of our Metal Building Project Managers today.
