Builder’s Risk Insurance protects building projects against repair or replacement costs while they are under construction.
The risk of property damage on a construction site is a significant concern for project owners, building owners, developers, contractors, and subcontractors. This damage can result in severe, unexpected costs, delaying the building process or halt it entirely. Also referred to as Course of Construction, Construction All Risk, or Contractor’s All Risk Insurance, discuss Builder's Risk with clients in the construction business to ensure they are covered from the wide range of risks they face.
Who needs Builder's Risk Insurance?
Clients in the construction business are encouraged to consider Builder's Risk Insurance. This may include but is not limited to:
Contractors
Subcontractors
Building Owners
Construction Companies
Developers
Project Owners