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.

July 27, 2022

Does Builder’s Risk include General Liability Insurance for Contractors?

It is difficult for companies and general contractors to work without general property insurance. General Liability insurance coverage defends your business from a wide range of […]
December 1, 2021

Is Builder’s Risk Insurance Necessary for Roofers?

Is Builder’s Risk Insurance for roofers? Or does the insurance coverage only apply to general contractors, electricians, painters or plumbers? In the construction industry where risks are inevitable, falls from roofing projects account for one third of all construction fatalities. And so, whether you are just starting, or you have an ongoing roofing project, there is always the need for you to have insurance coverage to help you ease financial burdens that come as a result of unexpected risks.
November 30, 2021

Builder’s Risk Insurance vs Homeowner’s Insurance

Builder’s Risk insurance for homeowners will give you protection for as little as 1% of the construction costs. A small price to pay for a huge […]
November 2, 2021

5 Things Clients Want To Know Before Hiring A Contractor

Clients do research before they hire a contractor. They compare prices, check the authenticity of the contractors, and negotiate the best rates. As a contractor, are you prepared with the answers that will get you the job? So, what are clients looking for? In this article, we will look at five things that clients look for before hiring a contractor.
November 2, 2021

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?
October 28, 2021

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.
October 28, 2021

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!
October 27, 2021

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?
October 27, 2021

What Kind Of Structures Does Builder’s Risk Insurance Cover?

Most property owners will require contractors to have Builder’s Risk insurance coverage. The coverage protects against several risks to buildings that are being built or renovated. No two policies are alike since every construction project has unique risks. Nonetheless, most Builder’s Risk policies cover property damage or loss due to fire, theft, lightning, vandalism, hail or explosions. It’s important to read your policy and familiarize yourself with its precise limitations and exclusions. For instance, wind, earthquake, and flood are typically not covered in coastal areas. Other standard exclusions include:
October 26, 2021

When does Builder’s Risk Insurance coverage end?

Unlike other types of insurance, builder’s risk insurance can have a complicated end date. We’re here to help. If you have experience in obtaining insurance policies, then you understand that most policies have a clear beginning and a clear end. Most insurance companies will call these effective and expiration dates. However, if you’re new to the world of construction insurance, then you might not understand when builders risk coverage is ineffective. Builders risk is different because it doesn’t always have perfect expiration dates. This type of insurance coverage is placed during the course of construction.
October 4, 2021

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

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

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

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 […]
October 1, 2021

What is Builders Risk Insurance?

Learn how to shop for Builders Risk Insurance and get the best value for your money while knowing exactly what you have coverage for. Understanding Builders […]