What is Builder’s Risk Insurance?
Builder’s Risk Insurance is designed to protect your construction project from start to finish. It covers damage to your structure, materials, and even some labor costs if unforeseen events cause delays. Unlike homeowners insurance, which protects completed homes, Builder’s Risk Insurance safeguards your investment before the final nail is in place.
Who Needs It?
If you’re a homeowner, contractor, or business owner involved in a new build or major renovation, this coverage is essential. It ensures that your project stays on track financially, even if setbacks occur.
What Does It Cover?
A Builder’s Risk policy typically includes protection against:
✔️ Weather Damage – Wind, hail, lightning, and even fire can put your project at risk.
✔️ Theft & Vandalism – Unfinished structures can be easy targets for thieves and vandals.
✔️ Materials & Equipment Loss – Construction materials can be expensive, and replacing stolen or damaged items adds up quickly.
What’s Not Covered?
While Builder’s Risk Insurance is a powerhouse policy, it doesn’t cover everything. It typically excludes:
❌ Worksite injuries (a separate General Liability or Workers’ Comp policy is needed)
❌ Faulty workmanship or design flaws
❌ Normal wear and tear or negligence
If you’re building in a rural area, risks can be even greater. Remote locations often mean longer emergency response times, unpredictable weather, and a lack of nearby resources. Having Builder’s Risk Insurance ensures that if something goes wrong, you have the financial backing to stay on schedule and budget.
At Roberts & Associates Insurance, we specialize in protecting new builds and renovations. Whether you’re constructing a log home, ranch house, or commercial property, we’re here to help you find the best coverage for your project.
Planning a new build? Let’s talk about coverage options. Get in touch today for a free Builder’s Risk quote!
