Builder’s Risk insurance is also called Course of Construction Insurance. This coverage is for a specific construction project. Owners, property developers and General Contractors will invest in this project-specific insurance.
In other words, insurance for a building under construction is not the same as general liability insurance. Why? Because it does not include coverage for third-party damages.
Here are some of the features of Course of Construction coverage:
So, find out more from the Builder’s Risk Insurance blog.