Builders Risk Insurance Isn’t Just for Builders

Builders Risk Insurance Isn’t Just for Builders

May 1st, 2023 

Builders risk insurance is for any person who has a financial interest in a construction project. More than
one party can be named as an insured, including:

• Project and property owners
• General contractors and subcontractors
• Lenders
• Architects
• Engineers and other professionals

What’s covered by most builders risk policies

• Materials, fixtures and equipment used or installed during the construction or renovation of a
  building
• Damage from theft, vandalism, fire, lightning, explosions, wind damage, hurricanes and other
  perils on an all-risk basis
• Sewer backups
• Materials and equipment in transit to the job site
• Both residential and commercial projects

Most policies will also give you the option to extend your policy if the project is delayed.

Upgrade your protection options

You can purchase endorsements to provide further protection for the following:

• Flood and earthquake damage
• Soft costs from a covered loss, such as advertising and promotional expenses, interest on
  construction loans, real estate and property tax assessments, fees and legal expenses, commissions
  and insurance premiums
• Loss of business or rental income due to a delay in your project
• Automatic increases in your policy limits to accommodate change orders
• Adjacent property coverage for existing buildings next to your project
• Additional coverage for scaffolding and construction forms, temporary structures, debris removal
  and disposal, and pollution cleanup
• Installation floater policies (for contractors and artisans to protect materials and tools in transit or
  temporarily stored for use in an installation)

We’d love to be part of your project

It’s our job to protect you and your project every step of the way, with the right coverage. We can issue
builders risk policies quickly and efficiently. The best time to purchase a policy is before you start the
project. Simply click the button below or give us a call and we’ll get you set up.