Builder’s Risk Insurance

Find out everything you need to know about coverage for your building project. Course of Construction insurance does not replace your contractors or general liability insurance.

Why? Because this coverage does not provide coverage against third-party claims. So, say you are sued for damages to someone else’s property. This is a job for liability insurance, not Builder’s Risk.

In addition, there is no protection for employee injuries. Your Workers Compensation is coverage for worker injury, disability or fatality.

So, what is this insurance for?

  1. Protect the building that you are constructing, remodelling or renovating.
  2. Get coverage for vandalism.
  3. Protect tools or building materials from theft or damage.

But this is not all there is to it. Find out more. Read the Builder’s Risk blog. 

February 27, 2020
Builder’s Risk for Plumbing Contractors

Is Builder’s Risk for Plumbing Contractors?

Regardless of what you’re building, fixing or renovating, the importance of Builder’s Risk for plumbing contractors cannot be stressed enough. Builder’s Risk insurance is a contractor insurance coverage created to help protect your business against disasters such as loss or damage to your tools or equipment. 10 Facts about Builder’s Risk for Plumbing Contractors Below we’ll tell you more about what is also known as Course of Construction insurance.
February 26, 2020
Builder's Risk for Painting Contractors

Is Builder’s Risk for Painting Contractors? Find out!

Builder’s Risk Insurance for Painting Contractors — most painting business owners don’t think about it, do you? To be honest, your priority has probably been general liability and Workers Compensation. It’s easy to see why you wouldn’t have factored Builder’s Risk Insurance into the equation. So the answer is, Yes. Let’s take a look at where the protection your business gets from Painters Insurance stops, and where Builder’s Risk coverage starts.
February 26, 2020
Worker on a ladder. Builder’s Risk

Builder’s Risk Insurance is One Step in Mitigating Risk for General Contractors

Why do you need Builder’s Risk Insurance? Well, in 2019, 78% of U.S. construction and engineering who were firms surveyed on risk, responded that risk is […]
February 25, 2020
risk management for builders

Risk Management for Builders

Risk Management for Builders is a daily worry for anyone in the construction industry. If something unexpected happens, it can deliver a knockout blow to your project or your company. Is your construction business strong enough to withstand a financial crisis that comes with it? What are construction risks? Here is a rundown of the possible risks that a builder has to deal with:
February 24, 2020
Construction insurance in Atlanta

Who Needs Construction Insurance in Atlanta, GA?

With a bullish market, construction insurance in Atlanta is a no-brainer. The forecast market volume in 2020 is $20 billion. The construction industry is confident there […]
February 24, 2020
Builder's Risk for Roofing Contractors

Is Builder’s Risk for Roofing Contractors?

Who benefits most from Builder’s Risk Insurance? Is Builder’s Risk for Roofing Contractors or is this coverage more for general contractors, plumbers or electricians? It’s difficult to know which way to turn when it comes to insurance. You probably already have General Liability Insurance and Workers Compensation. Do you need another policy added to your insurance program. Will the cost even be worth it?
February 21, 2020
Risk Insurance for General Contractors

What is Builder’s Risk Insurance for General Contractors?

So what is Builder’s Risk? Does Builder’s Risk insurance protect your general contractor business?  As a general contractor, you have genuine concerns about the various risks […]
February 21, 2020
Roofing Contractors Need Builders Risk Insurance

3 Reasons Roofing Contractors Need Builder’s Risk Insurance

A Builder’s Risk Insurance policy is ideal for roofing contractors when your project is new or 30% complete. But, why exactly do roofing contractors need Builders Risk Insurance? Isn’t Roofing Insurance enough? Roofers Insurance There is nothing more important than being as stress-free as possible when running your business. Roofing contractor insurance coverage can help you in different ways:
February 20, 2020
Builders Risk Insurance for General Contractors

Is Builder’s Risk Insurance for General Contractors?

Yes. Builder’s Risk Insurance IS for general contractors. A Builder’s Risk policy will help protect your construction company against financial loss from stolen items such as tools and equipment, vandalism, or even fixtures from the property. You should now, however, that Builders Risk Insurance for general contractors doesn’t provide coverage for liability. This is just one of the reasons that it is also advisable to take up liability insurance designed to protect your client or third parties against losses that might be caused through your actions.
February 19, 2020
building under construction insurance

I Got Cheap Building Under Construction Insurance And So Can You

Are you comparing quotes for Building Under Construction Insurance? You’re right: it makes good business sense to get the best coverage for the cheapest rate.  The […]
February 17, 2020
Builder’s Risk Coverage for Contractors

Advice on cheap Builder’s Risk Coverage for Contractors

The construction industry runs on thin margins, and that’s why cheap Builder’s Risk coverage helps increase your profits. On average the pre-tax net profit for general […]
February 14, 2020
cheap Builder’s Risk Coverage

Top Tips on Cheap Builder’s Risk Insurance for General Contractors

Builder’s Risk Insurance protects structures under construction and adds to your credibility. Builders Risk most likely costs between 1% to 5% of the total construction value.  […]
February 13, 2020
Does Builders Risk Insurance Cover Your Employees’ Injuries

Does Builders Risk Insurance Cover Your Employees’ Injuries?

Builders Risk Insurance is a property insurance tailored to protect your personal insurable interest in materials, equipment and fixtures awaiting installation or after they have been installed. Builder’s Risk protection is taken out to cover the structure and onsite materials as they await installation or transportation to the construction site. While it is a great stride in protecting your investment, it only covers damages up to the cover limit. The cover limit is supposed to accurately reflect the value of your completed building. An estimate is usually reached using your construction budget.
February 12, 2020
Wyoming Contractors during Coronavirus

Best Tip on Insurance for Wyoming Contractors during Coronavirus

Wondering how insurance for Wyoming contractors works during Coronavirus? You’re not alone. We are here to answer some of the most common questions about Builder’s Risk […]
February 10, 2020
disaster coverage for roofers

Does Builder’s Risk Insurance Provide Disaster Coverage For Roofers?

Disaster Coverage for Roofers is a must-have. But, will it be included with Builder’s Risk Insurance? It’s a confusing point. What is clear is that, across the nation, roofers tend to need more coverage. With 5.4% of all roofing incidents being non-fatal, there’s a need for roofers to be adequately protected against any eventuality. Cost implications of natural disasters The Insurance Information Institute collects statistics and data. They found insured losses in the U.S. in 2018 stood at $52 billion. But, that figure doesn’t include non-insured costs. Those are staggering figures and are increasing every year too.
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