Builder’s Risk Insurance is a form of coverage that protects contractors and/or the project owner while the property is under construction. This includes the structure itself, materials to be used in the project (both at the site, in storage and during transit), and direct labour on the project.
Types of losses your Building Projects are covered from:
- Wind and hail damage
- Water damage
- Vehicles and aircraft
- Previous insurance claims of your contractors
Who should purchase Builder’s Risk Insurance?
Anyone who is planning to start a new building project or looking to make major renovations.
This includes Homeowners, General Contractors, Business Owners, Construction Companies, Renovation Contractors, and Real Estate Developers.