Building Under Construction Insurance

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.

5 Top Builder’s Risk benefits

Here are some of the features of Course of Construction coverage:

  1. It covers a specific project
  2. It protects against theft, vandalism, flood and weather damage.
  3. There is no coverage for liability claims
  4. It does not include Workers Compensation
  5. You get coverage for theft and vandalism.

So, find out more from the Builder’s Risk Insurance blog.

December 14, 2016
metal beam structure of a construction

7 Pitfalls to Avoid When Purchasing Builder’s Risk Insurance

7 Pitfalls to Avoid When Purchasing Builder’s Risk Insurance by John Brown | Dec 14, 2016 When it comes to construction projects, Builder’s Risk Insurance is one of the […]
INSTANT QUOTE
English