Projects Rarely Go To Plan – Protect Yourself
The second step to building the best Contractors Insurance policy for your business? Meet Builder’s Risk Insurance.
Builder’s Risk Insurance is a type of insurance covering damage to buildings, structures, and materials during a project. Some of the policy coverage highlights include:
- Coverage for construction materials entering into or forming as a part of the project.
- Loss or damage to tools, equipment, materials, and supplies required to complete a project.
Consider the contractor whose team has spent weeks installing new windows in a commercial office space only for them to be destroyed in a windstorm. A solid Contractor Insurance policy protects you from the events you can’t plan for.
Keep in mind, Builder’s Risk Insurance only covers the property until the completion of the project (unless otherwise specified).