Knowledge Corner

Image credit: Shutterstock.com/Tong_stocker

Builder’s Risk is a type of property insurance that focuses on providing coverage for buildings during the construction process. This insurance plan is important for anyone looking to be involved both financially and physically in the operation, including architects, engineers, contractors, subcontractors, building owners, or property owners. In this protection plan, insureds are covered against damage or loss of equipment, materials and/or fixtures that are used during construction or renovation. Builder’s Risk coverage is applied prior to acceptance and delivery of the building to the owner.

Image credit: g/CoolKengzz/Shutterstock

Whether you are a General Contractor, Subcontractor, or Property Owner, your business risk is covered by a variety of insurance coverages – Workers’ Compensation, Auto Liability, and General Liability to name a few. Is Builder’s Risk coverage part of your insurance portfolio?

image credit: Leika production/shutterstock.com

Builder's Risk insurance is a type of insurance that provides coverage for buildings during the course of construction. This coverage protects insureds against damage or loss of equipment, materials, and/or fixtures used during construction or renovation; prior to the acceptance and delivery of the building to the owner.

image credit: Piyapong Wongkam/shutterstock.com

Builder's Risk insurance is a type of property insurance that provides coverage for buildings during the course of construction. This coverage protects insureds against damage or loss of equipment, materials, and/or fixtures used during construction or renovation. Coverage occurs prior to the acceptance and delivery of the building to the owner. In this blog post, you will learn about the basics of builder's risk, with 5 key facts. 

image credit: PhuShutter/shutterstock.com

Builder’s Risk insurance applies to any building or structure that is under construction. The General Contractor or Project/Property owner often purchases this coverage.