Coverage that Ensures Your Project Gets Completed
While constructing a new building is exciting, it comes with a lot of risks. Especially during the process when unfinished parts are left out in the open. To ensure that no harm comes to your project, builders risk insurance adds much needed protection. It’s not only for the builders themselves, but also the owner, lending institution, and more.
What it does Cover:
- Fire
- Theft
- Vandalism
- Wind
- Lightning
- Hail
- And More
What it doesn’t cover:
- Does not cover the property of others.
- Sub-contractors are required to have their own insurance.
- No coverage for tools or equipment.
- No coverage for professional liability
- Does not cover accidents at the job site.
- Coverage typically ends when the building/project is completed or occupied.