Coverage for Your Ongoing Creation
Builders Risk Insurance
A work in progress is just as valuable as a finished project. Cover all your hard work and don’t let any time go to waste with an essential Builders Risk policy.
Contact us today to find out how we can help.
The Basics of Builders Risk Insurance
Builders Risk Insurance covers a structure in which the building or insured space is currently being built. The policy can cover only the structure, or it can also include all the installation materials at the work site. It’s a popular form of insurance that just about every contractor is required to have by their business owner.
What Does Builders Risk Cover?
This insurance covers damage done to the insured building due to many different events, including the following:
Each policy will vary in coverage limits and exclusions depending on what’s needed for your business.
Limited coverage is available for a collapse. Normal exclusions include:
Important Notes About Builders Risk
Some areas allow the ability to add earthquake and flood coverage.
The following will further help you decide if Builders Risk is right for you:
As far as price is concerned, a policy typically costs between 1-4% of construction cost depending on the type of coverage and exclusions your policy contains.