What is Builder's Risk
Builder’s Risk coverage protects your materials and supplies during the construction process. It also covers your property in transit as well as at a temporary location where it will be stored.
How does it work?
Not only does builder’s risk coverage protect against direct loss to a building under construction, it also helps insure a contractor’s profit. Standard builder’s risk coverage includes:
- financial loss resulting from new zoning regulations or laws
- most equipments during testing
- temporary structures, scaffolding, and shrubs
- valuable papers
- the first $100,000 of debris removal
- site preparation, including re-excavating a foundation or re-grading land.