What it covers

What Builders Insurance Covers:

Builders insurance provides comprehensive coverage to protect you, your business, and your projects from a range of risks and unforeseen events. Here’s an overview of what it typically covers:

Property Damage

Builders insurance safeguards your construction projects from damages caused by events like fire, vandalism, or natural disasters. This coverage ensures that repair or replacement costs are covered, preventing significant financial setbacks.

General Liability

Protecting against third-party claims, general liability coverage is crucial for builders and contractors. It includes coverage for bodily injury, property damage, and legal fees, offering financial protection if accidents or incidents occur on the construction site.

Workers’ Compensation

Builders insurance includes coverage for workers’ compensation, providing financial support in the event of work-related injuries or illnesses. This coverage ensures that medical expenses, rehabilitation costs, and lost wages are taken care of, promoting a safe and secure work environment.

Tools and Equipment

Builders rely on various tools and equipment to get the job done. Builders insurance covers the loss, theft, or damage to these essential assets, ensuring that your tools are quickly replaced or repaired without causing disruptions to your projects.

Business Interruption

In the event of unexpected disruptions that halt your construction projects, such as a fire or other covered loss, builders insurance provides coverage for lost income and ongoing expenses. This helps you weather the financial impact of project delays.

Professional Liability

For architects, engineers, and other professionals involved in the design and planning stages, professional liability coverage is included. It protects against claims of negligence, errors, or omissions in your professional services, ensuring your reputation and financial well-being.

Subcontractor Coverage

Builders insurance extends coverage to subcontractors working on your projects, fostering a collaborative and secure work environment. This ensures that everyone involved in the construction process is protected from potential risks and liabilities.

Completed Operations Coverage

Even after a project is completed, builders insurance continues to provide coverage for any issues that may arise from the completed work. This includes protection against defects or problems that may surface after the project is finished.

Builders insurance is a comprehensive solution for you designed to address the unique challenges and risks in the construction industry. By offering protection across various aspects of your business, it allows you to focus on what you do best – building without unnecessary worries.