Contractor Insurance

Wyoming Builders Risk Insurance

Constructing a building or a house is expensive as it requires a lot of money and time. Buildings under construction are prone to various devastating risks such as natural calamities, human error, and other unforeseen events. Owners of the property, contractors, subcontractors, and other individuals invested in the construction project put their trust in Wyoming builders risk insurance to protect their investments.

Also referred to as Course of Construction insurance, this policy is designed to cover costly risks from anything that may cause property damage to the building. It also includes other aspects that ensure the success of the construction project such as profits, documentation, and legal liability protection.

If you are looking into protecting your properties under construction, get the most out of your policy by working with our proficient insurance agents. They will guide you in planning your coverage to incorporate important aspects. Our friendly team of risk managers will be more than happy to answer any questions and address any concerns.

Builder’s risk insurance is the best way to protect your investments on a building project. Additionally, it is required to comply with government regulations and contractual agreements.

Builders Risk Insurance Wyoming

This insurance was designed by those who understand the risks involved while commercial or residential buildings are under construction. It includes other project features like documents, machinery, equipment, etc. Depending on which ones you consider important to your project, you may include or exclude some of them from your policy.

If you are unsure which ones to include in your policy, our skilled insurance brokers can help you get the most out of your Wyoming builders risk insurance. They have the knowledge and skills to provide guidance and implement processes so you can make an informed decision.

COC or Course of Construction Insurance is usually written on an all-risk basis. Most risks are included in the coverage as long as they are not specifically omitted. Protection from risks is applied to many elements of the construction project whether in transit, off-site locations, or at the production site.

What Wyoming Builders Risk Insurance Covers

To get the most out of your builders risk insurance Wyoming, let our risk management professionals help you by including the following:


Residential and commercial structures are vulnerable to damage and other risks, especially when these are still under construction. They will be covered in your COC insurance along with foundations, equipment, machinery, fixtures, and tools used within the production premises. Also included are supplies and materials, which are considered permanent parts of the buildings.

Equipment Breakdown

Explosions of steam boilers, artificially-generated currents, and other equipment-related mishaps that result in property damage are covered in the insurance policy. The damage these mechanical accidents could cause would be costly if not for the valuable protection of Wyoming builders risk insurance.

General Liability

If an accident happens within the production site, it is usually included in the coverage. Individuals not part of the construction project might ask for claims for legal liabilities, whatever their motivations may be. This includes personal injury, advertising injury, and other similar legal claims. Add General Liability coverage to protect yourself and your partners from external liabilities.

Ordinance and Law

The government may enforce new laws and ordinances that affect buildings. Property owners must comply with these regulations, leading to unexpected and huge costs. This type of coverage should take care of the costs from such insured loss, especially for buildings under construction.

Modular Components

Some materials come in modular units and are usually stored in locations far from the work site before they are shipped for use. If the modular components get damaged, your insurance may not cover them because they were destroyed outside the construction premises. With your builder’s risk insurance, modular units and components will be covered even though they are in transit or temporary storage locations.


Contractors will need to test newly installed equipment and structures to see if they perform according to expected specifications. However, there are instances when this ends up in property damage instead. Physical loss may be due to pneumatic, hydrostatic, mechanical, electrical, and other forms of testing. Your builders risk insurance Wyoming should cover the costs expected from these necessary experiments.

Valuable Papers and Electronic Data

A comprehensive builder’s risk insurance plan should provide coverage for blueprints, paper documents, electronic data, and schematics. These ensure the construction project goes according to plan and schedule. It would be a disaster if these data were stolen or lost. Your policy will provide compensation for attempts to restore, research, or replace valuable documentation.


Our course of construction insurance plan is flexible and competitive underwriters are available to assist with coverage when you are unable to earn profits. This policy will compensate you with a pro-rata reimbursement of profits you have earned as of the date of the loss.

Identity Restoration

Besides protecting structures that are under construction, builder’s risk insurance is also designed to protect other aspects of the building project such as identity restoration. It will compensate for costly attempts to recover stolen identity and valuable papers. It will prevent or protect property owners, contractors, subcontractors, and other parties involved in the project from becoming victims of identity theft.

The Importance of Builders Risk Insurance

Summers are muggy and wet while the winters are snowy, windy and cold in Wyoming. These harsh weather conditions could prove too much for the materials, equipment, and buildings under the construction project. This is why you need to pick a coverage that can protect your investments from all sorts of risks and hazards. Work with our proficient insurance agents who will be more than happy to assist you in choosing a coverage plan that includes everything you need.

Cost of Builders Risk Insurance

An average estimate for a builders risk insurance Wyoming will be equivalent to one to four percent of the total construction cost of the ongoing project. The overall cost will be affected by the limits, type, inclusions, and other aspects of the insurance plan you want to avail. Our talented risk managers can help you expedite all claims and process other claims you may have missed.

We are the Top Choice for Builders Risk Insurance in Wyoming

Work with us if you want the ultimate choice for builder’s risk insurance in Wyoming. Our professional insurance experts can guide you so you can make an informed decision regarding the coverage for your construction project. We will be happy to answer any questions you ask and concerns you raise to make the decision-making process easy and smooth for you.

We are the most affordable insurance provider with an impressive client retention rate of 96.4%. This demonstrates the excellent customer service we provide at the right price. Aside from the top quality yet affordable insurance plans, we offer exclusive programs for valued clients.

Please fill out our form or call us today at 888-505-9012 for a free competitive quote that fits your individual needs perfectly!

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