Builders Risk Insurance
What is Builders Risk Insurance?
When building, repairing, or renovating your office space, an accident on your construction site can quickly turn excitement into a nightmare of unexpected costs and delays in the opening of your business.
Whether you are building a custom home or a commercial business, a good builders risk policy can protect your investment in materials, fixtures and/or equipment from loss or damage while your construction project is under way.
What Builders Risk Insurance Does
Builders risk insurance provides protection during construction only. A policy can be written with options to cover soft costs not directly related to construction; like financial costs, interest, legal expenses, and even loss of income resulting from a delayed opening of your business. Policies of this type can be written in three, six, or twelve-month terms and can often be extended, if necessary.