Builder's Risk Insurance: Coverage for Contractors

Builders’ risk insurance is essential for contractors because it protects your project from unexpected losses and damages. Here’s what it covers:

• Property Damage: Covers damage to the structure under construction caused by fire, lightning, wind, hail, and other covered events.
• Theft and Vandalism: Protects against the theft of building materials, tools, and equipment from the job site, as well as damage caused by vandalism.
• Weather-Related Delays: Provides coverage for additional expenses due to severe weather that damages the project and causes delays.
• Materials and Equipment: Insures materials, equipment, and fixtures on-site, in transit, or temporarily stored elsewhere.

Without builder’s risk insurance, a single incident—such as theft, fire, or weather damage—can lead to costly setbacks, delays, and lost investments. Many clients and lenders require proof of coverage, and working without it puts your project and finances at serious risk.

• Essential for Protecting Projects Under Construction
• Meets Client and Lender Coverage Requirements
• Covers Unexpected Damages and Delays

Several factors affect your builder’s risk insurance premium, including:

• Project Type and Size: Larger or more complex projects typically have higher premiums.
• Location: Costs vary depending on the location and regional risks, like exposure to severe weather.
• Coverage Duration: Extended projects often require higher premiums or policy extensions.

When you insure with Affordable Contractors Insurance, you get more than just a policy—you gain a proven partner who understands the demands and risks of construction projects.

• Same-Day Policy Binding – Get immediate coverage to protect your project from day one.
• Competitive Rates – Save up to 25% with affordable, customized policies for contractors.
• Flexible Policy Terms – Choose coverage terms that fit your project timeline.
• Dedicated Support – Our team assists with claims, renewals, and policy adjustments.