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Builders Risk Insurance Coverage

Protect Your Construction Project with Builders Risk Insurance

What is Builders Risk Insurance?

Builders Risk Insurance—also known as Course of Construction Insurance—is a specialized type of property insurance designed to protect buildings and structures while they are under construction. This short-term, project-specific policy safeguards against unexpected events that can delay or derail your progress.

Typical coverage includes protection against loss or damage caused by fire, theft, vandalism, lightning, wind, hail, and certain types of water damage. It also covers materials, fixtures, and equipment used in the construction process—whether on-site, in transit, or temporarily stored off-site.

Who Needs Builders Risk Insurance?

Whether you’re building a home from the ground up or tackling a large-scale commercial development, Builders Risk Insurance provides essential protection. Those who typically need this coverage include:

  • Builders & Contractors – Safeguard your investment in tools, materials, and labor.
  • Property Owners & Developers – Protect your project and manage construction-related risks.
  • House Flippers – Cover renovation projects beyond the scope of standard homeowners’ insurance.
  • Lenders or Investors – Ensure your financial interest is protected until construction is complete.
construction planning
excavator at construction site

What Does Builders Risk Insurance Cover?

Builders Risk policies are designed to cover a range of loss types and construction-related assets, such as:

  • Damage from fire, lightning, windstorms, hail, and explosions
  • Theft and vandalism
  • Materials, fixtures, and equipment used in construction
  • Temporary structures such as scaffolding
  • Debris removal and cleanup after a covered loss

This policy provides peace of mind that your project won’t be financially derailed by unexpected setbacks.

What’s Not Covered?

While Builders Risk Insurance offers broad protection, it doesn’t cover every potential issue. Common exclusions include:

  • Employee Theft
  • Normal wear and tear or equipment breakdown
  • Faulty workmanship or design flaws

Understanding these limitations is essential to ensuring you have complete risk management in place.

Why Choose Bosworth & Associates for Builders Risk Insurance?

Since 1939, Bosworth & Associates has been serving East Texas with unparalleled dedication and expertise. Here’s why we’re the trusted choice:

 

Experience: Decades of knowledge in commercial insurance.

Dedicated Professionals: Our team understands the nuances of Builders Risk Insurance.

Custom Tailored Policies: We craft insurance solutions to fit your unique needs.

 

Your construction project deserves the best protection, and Bosworth & Associates delivers just that. Let us help protect your hard work from foundation to finish.

Frequently Asked Questions About Builders Risk Insurance

– Is Builders Risk Insurance required by law?

Builders Risk Insurance is not typically mandated by law, but certain lenders or contracts may require it to protect their financial interests.

– Can the policy be extended if the project is taking longer?

Yes, many Builders Risk policies offer extension options to accommodate delays or extended timelines.

– As a home flipper with a homeowner’s policy, should I also consider a Builders Risk Policy?

Absolutely. A typical Homeowners’ policy does not usually cover risks associated with construction projects, making Builders Risk Insurance a critical addition.

Ready to Protect Your Construction Project?

Contact Bosworth & Associates today for a custom quote on Builders Risk Insurance that’s built for your success.

construction professionals shaking hands

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