Category: Builders risk insurance

Builder’s Risk Insurance is a special type of property insurance that covers you for the duration of your new build or renovation project. It may cover buildings under construction, materials on-site, and/or liability in the event of loss or damage due to external causes such as fire, wind, vandalism, explosion, and slip and falls.

Yes. A typical contractor’s insurance policy does not cover buildings under construction. It is essential to cover your building and liability while the project is in process.