Course of Construction Coverage

Course of Construction insurance is another name for Builder’s Risk Insurance. Why? Because this policy only provides coverage for the duration of the construction project. In other words, the policy is project specific.

But, what financial risks does Builder’s Risk cover? This coverage is not third-party liability coverage. It will not give you protection from liability claims. So, if you are sued for damage to your client’s property, you will rely on your General Liability Insurance not your Builder’s Risk.

What you get

Builder’s Risk protects building owners, property developers and contractors are protected from the devastating impact of fires, floods, vandalism, theft.

What it costs

Your coverage can cost as little as 1% of the construction cost.

Get more information

Read the Builder’s Risk blog for more about Course of Construction insurance.

October 19, 2021
Carpenter cutting wood veneer

4 Job Site Details That Save Money

One of the most important details about running a construction project, whether new construction or renovation, is the budget. Building owners and other insurable interests, for example, the construction company, all want to ensure that the project doesn’t lose money during the course of construction. Today, we’re going to talk about four ways that a business owner can save money while managing a construction project.
October 19, 2021
Things to Learn About Builders Risk Insurance

5 Things Insurance Companies Want You to Know About Builders Risk Insurance

Oct. 19, 2021 Builder's Risk Insurance protects a construction project as well as all the  tools, equipment, and supplies left on the job site. Today, we’re […]
October 4, 2021
surveyor taking measurements

Builders Risk Insurance Basics

Builders’ Risk is an insurance policy that provides financial protection for business owners in construction when something happens to their job site while it’s under construction or renovation. The insurance coverage usually extends to include fire, vandalism, theft, and extreme weather. Typically, you should expect to pay the insurance company somewhere between one and four percent of the total construction costs for this coverage. However, the cost of construction will vary depending on the needs of your business, the location, and the project type.
October 4, 2021
workers setting up a frame

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.
October 4, 2021
worker watching a crane from the ground

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.
October 4, 2021
workers on the job at sunset

What does Builder’s Risk Insurance cover?

Builder’s risk insurance, also known as course of construction, is a type of property insurance. It’s a bit unique in that it covers the area of a construction project whether new construction or renovation. In some cases, it will just cover the structure, while in others, it will also cover the materials that are on site and waiting to be installed or transported. Most building owners will ask that a builder carry this to protect both parties.
October 1, 2021
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 | Oct 1, 2021 When it comes to construction projects, Builder’s Risk Insurance is one of […]
October 1, 2021
guide to purchasing Builders Risk Insurance

Planning for what if: Your guide to purchasing Builders Risk Insurance.

Experienced builders have much more familiarity with Builders Risk policies and can really help guide you in the right direction.
October 1, 2021
strong handshake

What is Builders Risk Insurance?

  Video: What is Builders Risk Insurance? Oct. 1, 2021 Learn how to shop for Builders Risk Insurance and get the best value for your money while […]
October 1, 2021
What is Replacement Cost?

What is Replacement Cost?

Learn how much to insure your project on your builders risk insurance policy. Not insuring your project to the correct amount can end up being a huge cost in the event of a claim.
October 27, 2020
Builder's Risk insurance for General Contractors

Is Builder’s Risk Insurance for General Contractors?

The answer to Is Builder’s Risk Insurance for General Contractors? is a resounding YES. A Builder’s Risk policy will help protect you against financial loss. Of […]
October 14, 2020
insurance for your small contractor business

General Contractors Insurance

With General Contractors Insurance, you are covering your business, assets, and yourself at a reasonable cost in case of any claims made against you. Moreover, contractors […]
October 3, 2020

2 Ways Builder’s Risk Insurance Is Not For Third-Party Liability Claims

When it comes to insurance coverage, no one policy protects your contractor business from all the risks you will face in the course of doing business. […]
September 30, 2020
property damage claims

Are General Liability and Builder’s Risk Property Damage Claims the Same?

Have you ever had a property damage claim or liability claim filed against your contractor business? Bet you were glad of your General Liability coverage. But, […]
September 28, 2020

Is Builder’s Risk Insurance For Property Damage Claims?

Property damage is part and parcel of working in construction. So, for protection against financial loss resulting from property damage, contractors need insurance. Unfortunately, not all […]
INSTANT QUOTE
English