Commercial Builder Risk Insurance

Builder’s risk insurance is a contract between the insured and an insurance company, with the purpose of providing financial protection during the development of a construction project. This coverage protects against losses or damages that may affect the project, including materials, labor, temporary structures, and equipment used in the project.

It is essential for contractors, developers, and property owners, as it helps mitigate risks associated with unexpected events that may cause delays, additional costs, or interruptions in the development of the project.

• Covers damage to the structure under construction, including buildings, installations, and improvements in progress, as a result of covered events such as fire, vandalism, or natural disasters.

• Protects the investment made in materials, supplies, and completed work, including those in transit or stored at the project site.

• Covers structures used during construction, such as scaffolding, forms, and other temporary installations necessary for the development of the project.

• Provides coverage for machinery and equipment used in the project, whether in operation or temporarily installed at the site.

• Protects against losses or damages caused by theft, vandalism, or malicious acts within the construction site.

• Covers damage caused by events such as fire, wind, hail, and other covered risks that may affect the development of the project.