What type of issues does Builders Risk Insurance address?

Builders Risk Insurance specifically addresses damages to property that is under construction. This type of coverage typically protects the structure itself, along with materials, fixtures, and equipment being used in the project. It is designed to cover losses from events such as fire, vandalism, wind, and certain weather-related damages that could occur during the construction period.

While theft of construction materials may seem relevant, this coverage is not primarily about theft; rather, it focuses on protecting the physical structure being built. Liability for construction errors falls under different types of insurance, such as general liability insurance, which is unrelated to the builders risk policy. Similarly, injuries incurred on-site are typically covered by workers’ compensation or general liability, not builders risk. Therefore, the focus of Builders Risk Insurance is squarely on the physical damages to the property in the course of construction.