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 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 19, 2021

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

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

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 going to make […]
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

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

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 […]
October 1, 2021

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

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 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

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 […]
September 25, 2020

Fire! Is Your Home Renovation Insured?

Best Builders Risk Insurance For Renovations In 2022 Your business may be booming. Home renovations are on a pace to exceed $650 Billion by 2025. People […]