Contractor Insurance

South Dakota Builders Risk Insurance

Buildings are vulnerable to many risks – consider how much more this applies to buildings still under construction! They could be exposed to fires, storms, accidents, and other hazards that may lead to property damage. It is wise to work with risk analysis agents to avoid incurring losses should buildings get damaged.

You can mitigate losses with the help of builders risk insurance in South Dakota. This is a policy that protects your buildings from disasters or accidents. The coverage provides tons of benefits for building owners and other parties with a vested interest in the construction project.

South Dakota builders risk insurance is designed for new buildings that are still under construction, not for modifications of existing buildings. To ensure you have everything covered, talk to our expert insurance agents. This type of coverage is required in most contractual agreements.

Builders Risk Insurance South Dakota

Our experienced risk managers can guide you to a builders risk insurance plan to make the process easy and smooth. They can also help you choose the best coverage, limits, policy types, and other aspects to better understand the associated risks in the construction industry.

You need not worry about the coverage because it comes written on an all-risk basis. The policy should cover everything you need as it applies to properties at the construction site, off-site storage locations, and in transit.

What South Dakota Builders Risk Insurance Covers

Work with our insurance experts to devise a risk policy that covers what is important to the construction project, such as:


The main priority of the insurance policy is the properties inside the construction site. It also covers equipment, fixtures, foundations, machinery, and other tools utilized for the project. You should also include supplies and materials in the coverage as they are considered permanent parts of the building or structure.

Equipment Breakdown

It is best to have contingencies in case an equipment failure occurs. Contractors cannot predict when exploding steam broilers, mechanical breakdown, damaging currents, or other accidents may happen. On top of these mishaps leading to property damages, there may also be losses due to delays and lost time. That’s why it is critical to include equipment breakdown in the policy coverage.

General Liability

If an individual gets into an accident within the premises of your construction site, they can sue you for damages. Protect yourself from legal liabilities such as advertising injury, property damage, personal injury, and more through your builders risk insurance plan.

Ordinance and Law

Newly implemented ordinances and municipal laws can sometimes lead to contractors having to renovate buildings beyond their will. Renovations do not come cheap, so make sure to include ordinances and law in your coverage to mitigate the potential costs.

Modular Components

Since essential modular units are expensive, businesses keep them in temporary storage. Your current insurance policy might not cover them since they are not at the construction site. Include them so these units will be covered even though they are in off-site storage or while in transit.


When testing newly installed equipment, associated risks and accidents, while not welcome, are to be expected. Insurance will cover relevant losses if trials lead to damage brought about by electrical, hydrostatic, mechanical, or pneumatic testing.

Valuable Papers and Electronic Data

Most constructors need important documentation such as blueprints, schematics, paper documents, and electronic data to keep track of every aspect of the project. They will incur huge losses if these documents are lost or destroyed. Insurance coverage can provide compensation to recover, restore, or replace valuable data.


The purpose of South Dakota builders risk insurance is to protect your valuables from various risks. The policy also includes profits, especially when losses are piling up. Include it in your insurance coverage to get a pro-rata reimbursement of profits.

Identity Restoration

If you get your identity and relevant documents stolen, the policy will help you cover the costs to recover them.

The Importance of Builders Risk Insurance

The construction site and materials are surely prone to damage wherever you are, even when you are in South Dakota. This is enough reason why builders risk insurance is a must-have. Get the most out of your policy coverage to protect your precious investments from potential risks. Our seasoned insurance brokers can guide you to a builders risk insurance policy that works best for you.

Cost of Builders Risk Insurance

Builders risk insurance is worth every penny because it usually only costs around one to four percent of your total construction expenses. For added special coverage and benefits, the cost might increase.

We are Your Best Choice for Builders Risk Insurance in South Dakota

Work with us if you want the best coverage in South Dakota for your builders risk insurance. Our team of professional insurance agents is ready to answer any questions you may have and guide you through the whole process hassle-free.

Anyone can claim that they are the best. However, we’ve earned our reputation for having a retention rate of 96.4% and being the number one most affordable insurance provider. These qualifications speak volumes about our unparalleled service.

Fill out the form or call us at 888-505-9012 if you want a free insurance quote that covers everything you need! Get fully insured in less than an hour.

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