Builder’s Risk Insurance

Find out everything you need to know about coverage for your building project. Course of Construction insurance does not replace your contractors or general liability insurance.

Why? Because this coverage does not provide coverage against third-party claims. So, say you are sued for damages to someone else’s property. This is a job for liability insurance, not Builder’s Risk.

In addition, there is no protection for employee injuries. Your Workers Compensation is coverage for worker injury, disability or fatality.

So, what is this insurance for?

  1. Protect the building that you are constructing, remodelling or renovating.
  2. Get coverage for vandalism.
  3. Protect tools or building materials from theft or damage.

But this is not all there is to it. Find out more. Read the Builder’s Risk blog. 

November 2, 2021
Why Do Roofing Contractors Need Builder's Risk Insurance?
November 2, 2021
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Why Do Roofing Contractors Need Builder’s Risk Insurance?

Did you know that 50% of all contractors experience theft of some kind? Florida, Texas, and California are among the top 10 states with the highest rates. But, this doesn’t mean you won’t get hit if you operate your roofing contractor business elsewhere According to the National Equipment Register, job site theft costs the industry almost $1 billion each year. It comes as no surprise that 90% of thefts occur between 6 p.m. Friday and 6 a.m. Monday morning. Does this mean your equipment and tools are safe?
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October 28, 2021
Principal Banner of Builders Risk Insurance vs. Course of Construction Insurance
October 28, 2021
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Builders Risk Insurance vs. Course of Construction Insurance.

Builder’s Risk Insurance is just another name for Course of Construction Insurance. It’s things like this that explain why so many contractors are confused by insurance. What contractors across the US are certain of, however, is that theft of construction equipment is on the rise.
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October 28, 2021
Does your Framing Contractor Business need Builder's Risk Insurance?
October 28, 2021
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Does your Framing Contractor Business need Builder’s Risk Insurance?

How can you reduce your financial risk as a framing contractor? When you are fronting almost 18% of the overall building cost, you have a right to be nervous. Can Builder’s Risk Insurance take some of the stress off your business? Builder’s Risk Insurance is a policy that protects a contractor’s interests when working on building projects – whether buildings are being made or renovated. It is used by contractors to ensure that they’re covered in case of any loss in building materials or equipment – or even labor used and profits lost!
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October 27, 2021
Principal Banner of What Happens When There is a Construction Fire
October 27, 2021
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What Happens When There is a Construction Fire?

During the construction of a commercial building or a home, anything can happen. Buildings under construction can be vulnerable to a fire breaking out. There are many factors that can cause these fires, such as torches, soldering irons, welding machines, grinders, or heating elements. Fires often happen to a new build due to several of these things, but what’s the solution if a fire does happen?
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October 4, 2021
workers setting up a frame
October 4, 2021
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How to get Builder’s Risk Insurance

Course of construction, more commonly known as a builder’s risk policy, is an insurance policy protecting the materials and equipment that will be permanently installed at a new construction or renovation. Should something happen on your job site, having this policy on hand is the best way to make sure that the general contractor, the business owner, the property owner, and any other invested parties are covered from losses. The business owner or client will often require builder’s risk as a safety precaution, so be sure to account for this insurance policy within your construction budget.
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October 4, 2021
Principal Banner of What is the difference between builders risk insurance and liability insurance
October 4, 2021
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What is the difference between Builders Risk Insurance and Liability Insurance?

Business owners in construction must purchase several insurance policies to ensure that their business, and its clients, are protected from harm. As such, understanding the importance and distinctions between insurance policy types can be a game saver in the long run. In a general contractor‘s life, whether a small business owner or large, you will often find general liability insurance, builders risk insurance, property insurance, workers compensation, and more.
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October 1, 2021
Principal Banner of Is Builder’s Risk Insurance For Property Damage Claims
October 1, 2021
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7 Pitfalls to Avoid When Purchasing Builder’s Risk Insurance

When it comes to construction projects, Builder’s Risk Insurance is one of the most important pieces of the puzzle that often goes overlooked. Builder’s Risk insurance […]
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September 28, 2020
Principal Banner of Is Builder’s Risk Insurance For Property Damage Claims
September 28, 2020
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Is Builder’s Risk Insurance For Property Damage Claims?

Property damage is part of working in construction. So, for protection against the resulting financial loss, contractors need insurance. Unfortunately, not all insurance is created equal. […]
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August 3, 2020
Principal Banner of Builders Risk Insurance Protection vs Contractors Liability
August 3, 2020
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Builders Risk Insurance Protection vs Contractors Liability

Choosing the best insurance coverage to carry between different insurance options has always been debated. This review should help you clarify some of them and understand […]
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July 6, 2020
Principal Banner of The Ultimate Guide to the Builder’s Risk Insurance Policy
July 6, 2020
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The Ultimate Guide to the Builder’s Risk Insurance Policy

Buildings under construction are prone to different risks. Contractors and building owners face challenges like vandalism, theft of construction materials, natural disasters, etc, while at the […]
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July 1, 2020
featured image 10 Questions You Should Ask Your Agent About Course of Construction Insurance
July 1, 2020
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10 Questions You Should Ask Your Agent About Course of Construction Insurance

Course of Construction Insurance is the way savvy contractors protect their profits. This policy is also known as Builder’s Risk Insurance precisely because it covers you […]
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May 25, 2020
The Builder’s Risk Insurance Policy That Protects Your Profits Principal banner
May 25, 2020
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The Builder’s Risk Insurance Policy That Protects Your Profits

Did you know that theft of materials and equipment costs construction companies thousands of dollars and lowers their profits?  You may have heard of builder’s risk […]
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April 22, 2020
Principal Banner of Builders Risk Insurance vs Workres Compensation
April 22, 2020
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Builder’s Risk Insurance vs Workers Compensation

Having forward-thinking regarding workers’ reputation and safety can only benefit all sides. Unfortunately, accidents occur no matter how careful we are in our work. When that […]
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