Builders Risk Insurance - sometimes called Course of Construction Insurance - is specifically designed to protect buildings and materials while they’re being built or renovated. Whether it’s a brand-new structure, an addition, or major remodeling, this policy helps safeguard the project from start to finish.

Coverage typically includes the building itself as well as most materials, supplies, and equipment on-site, in transit, or temporarily stored elsewhere. It’s not just the property owner who can benefit - individual contractors, architects, and engineers can also be protected under the policy, ensuring that all key players in the project are covered.

In addition to the standard protection for damage caused by events like fire, theft, vandalism, or certain weather-related incidents, many policies offer optional coverages for costs that go beyond construction itself. This can include expenses related to marketing the property, loss of rental or sales income, and financial setbacks caused by project delays or late completion.

Builders Risk Insurance is a critical safety net for anyone involved in construction. By reducing the financial risks that come with unexpected setbacks, it allows you to focus on completing the project on time, within budget, and with confidence.