Call now (888) 973-0016 Call 24/7 We`ll pick up (888) 973-0016 | Llámanos 24/7 (888) 676-0923 Call (888) 869-2944 for 1 minute quote! Call (855) 340-1099 for 1 minute quote! Call (855) 340-1099 for 1 minute quote! Call (312) 878-2372 for 1 minute quote! Call (888) 838-3116 for 1 minute quote! | [email protected]

The construction industry is one of the biggest in the world with over 1 trillion dollars spent every year. With over a million employees in construction, Builder’s Risk policies are amongst the most popular. Furthermore, this is because Builder’s Risk insurance protects you against financial loss for equipment, tools, and materials used on site. Your policy also protects the building under construction too.


In this article, let’s look at what Builder’s Risk is, and who the coverages are made for.


Builder’s Risk Coverage Basics

Builder’s Risk is an insurance policy for structures built and for buildings undergoing renovation. Moreover, your policy will give you coverage for damage or theft of equipment used on site.  A Builder’s Risk policy costs between 1 and 5% of the total construction costs. So, it’s important to get the right valuations to make sure full coverage’s provided. Builder’s Risk coverage includes protection for:

  • HVAC Systems
  • Elevators
  • Labor Expensive
  • Equipment
  • Materials
  • Temporary Structures


Builder’s Risk Policies work for all contractors, even roofers. Thus, the coverage offers added protection for the building worked on and your business. If you or one of your employees damages property onsite, you’re liable for it. You could face a lawsuit as a result. With Builder’s Risk, the majority of those costs covered.


Cleanup And Debris Removal

After an accident, there can be extensive debris in and around the construction site. This will need cleaning and removing so any repairs and work can take place. Contractors can have these costs covered with their Builder’s Risk policies. It’s also the same after a fire takes place and the site’s contaminated.


For example, a fire has caused extensive damage to the property and surrounding area. As a result, water and pollutants now litter the site. The entire area needs cleaning before any work can restart. Unfortunately, if you are liable, the cost to remove the debris and decontaminate the area will fall on you.  It’s a costly process. But Builder’s Risk will cover the costs so that you can get back to work quickly and prevent further delays.


Replacing Property Lost Or Stolen From The Work Site

Builder’s Risk Policies protect property lost or stolen from your place of work. For example, you have high-value equipment at your construction site over the weekend. You return to work Monday morning to find your forklift has been stolen. It’s a costly theft that could set your project back.  Both financially and time-wise. But you have Builder’s Risk insurance, so your forklift will replaced quickly.


Experts in Builder’s Risk Policies

John Brown President Farmer Brown Insurance (888) 973 0016

John Brown – President

Incidents and accidents in the workplace are increasing. Thefts are on the rise too. With Builder’s Risk Insurance, your business is protected when the worst happens. Builder’s Risk Policies benefit all contractor businesses and projects by protecting against loss of materials, theft, and removal of debris after an incident. Let Farmer Brown Insurance find the right coverage for your business. Call (888) 973-0016 and receive a quote.

Pin It on Pinterest