BUILDERS RISK INSURANCE

Builders Risk Insurance

Construction projects involve moving parts, valuable materials, and constantly changing job site conditions. Builders Risk Insurance helps protect buildings and structures while they are under construction, renovation, or major remodeling.

This type of policy is designed to help cover physical damage caused by covered events such as fire, theft, vandalism, wind, or certain weather-related losses during the course of construction. Coverage may apply to the structure itself as well as materials, supplies, and equipment intended to become part of the completed project.

Builders Risk Insurance is commonly used by property owners, general contractors, developers, and subcontractors. Policies can often be customized based on the size, scope, and timeline of the project. Coverage may apply to residential, commercial, and mixed-use construction projects.

A Builders Risk policy can help protect materials stored on-site, in transit, or temporarily stored at another approved location. This can be especially important when delays or supply chain issues increase the value of materials waiting to be installed.

Coverage terms and limits can vary depending on the project details. Factors such as construction type, project value, location, and estimated completion date all play a role in determining the policy structure and cost. Some policies may also offer optional protections for soft costs, debris removal, or temporary structures.

While Builders Risk Insurance helps protect the project during construction, it does not replace general liability insurance or workers’ compensation coverage. Contractors and property owners often need multiple policies working together to properly manage construction-related risks.

Construction projects represent a major investment, and unexpected damage can create costly delays. Builders Risk Insurance helps provide financial protection throughout the building process so your project can keep moving forward.

If you are planning a construction or renovation project, contact us today to review your Builders Risk Insurance options.