Builder’s Risk

Builder’s Risk insurance, also known as course of construction insurance, is a specialized type of property insurance that helps protect buildings under construction. It is essential in helping protect construction projects but can be complex and often misunderstood. However, having a properly structured builder’s risk insurance policy can be crucial. In fact, it will serve as the backbone of a successful risk management program.

Builder’s Risk insurance helps protect construction projects from property damage due to: 

  • Fire
  • Lightning
  • Hail
  • Explosions
  • Theft
  • Vandalism
  • Acts of God, like hurricanes

Additionally, A Builder’s Risk insurance policy helps cover additional soft costs, or expenses not related to construction, if property damage causes a delay. This can include:

  • Lost sales
  • Rental income
  • Additional interest on loans
  • Real estate taxes
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