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Builder’s Risk Policy vs. a Loss: Which Costs More?

“I don’t need a Builder’s Risk policy,” said a contractor.  “The money I save I’ll just set aside for any losses.” Little did he know how inexpensive a Builder’s Risk policy can be and how expensive a loss can be.

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Why Do You Need a Builder’s Risk Policy?

Whether it’s new construction or a renovation, a residential property or commercial, if you’re building, you need to consider purchasing a Builder’s Risk policy.

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New Construction Needs Special Property Coverage

Is your company having a new building constructed or renovating an existing structure? If so, you need to consider purchasing a Builders Risk policy to cover the property exposures.  Some commercial property policies include coverage for this exposure, but there…

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