Builders’ Risk Insurance

When your company enters a construction project – either to construct a new building or rehabilitate an existing one – you will find yourself faced with numerous risks. Physical damage to the structure, materials, or land is just one of the many risks you must be prepared to manage. Potential damage can stem from fire, weather, vandalism, and more. Property insurance will not cover buildings under construction or renovation.

Builders’ risk insurance provides coverage for your property during the course of construction. Coverage is available for new construction as well as for renovation and rehabilitation projects and is available for all parties involved in construction projects, including owners, developers, general contractors, subcontractors, and financial institutions.

Optional coverage is offered for soft cost not directly related to construction, such as interest, professional fees, carrying costs, and more.