How Builder’s Risk Protects New Construction Projects

Building a new construction project is an exciting endeavor, but it comes with its own set of risks. Whether it’s a new home, office building, or commercial property, Builder’s Risk Insurance is the safety net that ensures your project stays protected from unforeseen events. Here's how it works:

1. Protects Against Property Damage

Builder’s Risk Insurance covers damage to the structure during construction. Whether it’s from fire, storms, vandalism, or theft, your property is protected. Without it, you could face significant financial loss if the worst happens.

2. Covers Materials and Equipment

From the moment building materials are delivered to the site, they’re covered. This includes materials that are stored on-site, in transit, or even being installed. If they’re damaged or stolen, Builder’s Risk helps you recover the cost.

3. Safeguards Against Vandalism and Theft

Construction sites can be prime targets for theft or vandalism. Builder’s Risk ensures that if tools, equipment, or materials are stolen or damaged, you won’t have to bear the full financial burden.

4. Coverage for Liability Issues

Depending on who is securing the builders risk policy, sometimes liability coverage can also be available. If an accident occurs on the construction site that causes damage or injury you and/or the contractor could be exposed. There are many factors so, please have this conversation with your agent or call RISE Insurance to discuss further. 423-541-1111

Conclusion

A construction project is an investment and protecting that investment is key to a successful outcome. With Builder’s Risk Insurance, you can safeguard your project from unforeseen damages and financial setbacks, ensuring that your project stays on schedule and within budget. Talk to RISE now 📞 423-541-1111