Builder’s risk insurance is a specialized type of property insurance that helps protect buildings under construction. It’s essential in helping protect construction projects. Having a properly structured builder’s risk insurance policy can be crucial. In fact, it will serve as the backbone of a successful risk management program.
Builder’s risk insurance helps protect construction projects from property damage due to:
- Fire
- Lightning
- Hail
- Explosions
- Theft
- Vandalism
- Natural Disasters