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Builders Risk Insurance

Builders risk insurance protects a builder or owner during new construction or renovation. A Builders risk policy can help protect the materials, property, and essential equipment during the course of construction. Request a free rate comparison today using the Insurance321 LaunchPad, and you’ll find the lowest available premiums on the Builders Risk coverage you need for your business.

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Who pays for Builders Risk Insurance?

Also known as Course of Construction Insurance, Builders Risk is coverage normally held by the general contractor on a building project who acts as the primary insured. But, in various circumstances, it may also be purchased by anyone else with a financial interest in a construction project. Multiple parties may be listed as additional insureds regardless of who the primary insured may be including:

  • Carpenters
  • Plumbers
  • HVAC Specialists
  • Roofers
  • Framing Contractors
  • Excavators
  • Concrete and Foundation Contractors
  • Masonry Workers

What does Builders Risk Insurance cover?

The specifics of a Builders Risk Insurance policy will vary slightly from carrier to carrier and should be tailored to each individual construction project. Details like time and duration of construction, the location of the building site, and the size and type of property can affect necessary coverage as well as policy rates. That’s why it’s important for contractors or invested parties to work with a qualified agent to ensure their Builders Risk Insurance is suited to the needs of their build. That said, Builders Risk Coverage commonly provides:

  • Commercial property coverage for losses related to fire, severe weather, theft, vandalism, and other damages to buildings and structures under development
  • Coverage for tools, materials, supplies, and equipment that may be stored at the construction site including those in transit to and from the site
  • Protections for costs associated with — but not directly related to — construction such as lost sales and rental income, loan interest, taxes, fees, and more

Find Your Customized Builders Risk Insurance Policy

If you’re a general or specialty contractor, property owner, or investor in a new build or renovation, request a rate quote through the Insurance321 LaunchPad to get a free consultation with a coverage provider that will create a customized Builders Risk Insurance plan for your construction project. You’ll get all of the protection you need at a price that fits your budget.

The Launchpad Quote System

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321 LaunchPad is changing how businesses discover and qualify insurers, connecting thousands of businesses to one of hundreds of agents & carriers

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Our commercial insurance specialists educate customers on coverage options that are a proven fit for the business
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Something many businesses don't know is that commercial insurance carriers have preferences for which types of businesses they insure.

The problem for most business owners is that they don't know which carrier is the best fit for their business, leading to high premiums or declined applications for coverage .

The 321 LaunchPad is connected to the largest network of commercial insurers available anywhere. We match your business with a qualified insurer so you get the right coverage for a fair price.