Builders Risk Insurance, also known as “Course of Construction” insurance, is a type of specialty property insurance that provides coverage during the course of construction. Builders Risk Insurance can cover materials, fixtures, and other equipment on the construction job site. Loss of property can create extreme hardship for a small construction business, Hunter Insurance can find the right policy to help protect your assets.
Protecting your construction project from the unexpected physical loss or damage to materials can help move your job along smoothly. Builders Risk can also cover losses caused by fire, wind, theft, and vandalism. In many states, proof of Builders Risk Insurance is required. Check your local requirements because rules differ between municipalities, with some requiring a policy in force before the job is started. Most lenders and banks also require Builders Risk Insurance to secure financing for a construction project.