Builder’s Risk Insurance (also known as Course of Construction Insurance) covers property damages that occur during the construction phase of a property. Protect your property from claims not covered by property insurance commercial general liability coverage.

Property insurance policies exclude coverage during the course of construction. This is because property is much more likely to have damages during construction than once it is full built and in use. 

Builder’s Risk Coverages:

Coverage for Builder’s Risk Insurance typically covers property under construction, materials, supplies, and equipment for the following claims:

• fire
• floods
• lightning
• vandalism
• theft
• explosions
• hail

Exclusions are commonly in place for claims due to employee theft, poor design or workmanship, mechanical breakdowns, acts of war/terrorism, and rust/corrosion.

Ways to protect your property in addition to Builder’s Risk Insurance

• Secure your property with a fence, video surveillance, and security guard service
• Develop a hot work policy for all contractors based off NFPA 241
• Use temporary fire suppression systems until permanent systems are in place
• Talk to one of Swarts Manning’s professionals about safety and compliance information