Rotunno Insurance Agency logo

Builders Risk Insurance for Your Construction Projects

Secure Your Construction Site with our Insurance Agency

Understanding Builders Risk Insurance

Builders risk insurance, called the course of construction insurance, protects structures still under development. Each construction project is unique, and so are the builders' risk policies that cover it. At our Insurance Agency, we offer customized policies tailored to meet the requirements of your project.
Request Quote
Builder's Risk Insurance

Why Builders Risk Insurance is Essential

Builders risk insurance protects your construction projects from unexpected property damage. Moreover, it helps cover additional soft costs or non-construction expenses that might arise due to delays caused by such damage. These costs can include:

  • Rental income loss
  • Real estate taxes
  • Additional loan interest
  • Lost sales

By customizing your policy with coverage extensions, you can ensure comprehensive protection for your unique project needs.

Why Builders Risk Insurance is Essential

It's common to confuse builders risk insurance with contractor's general liability insurance. While they might appear similar, they serve different purposes. Builders risk insurance covers the contractor's property and equipment during construction. In contrast, a contractor's general liability insurance covers bodily injury, property damage, and liabilities that arise from accidents or injuries. This liability insurance protects contractors if they are accused of causing injury or property damage.

What Does Builders Risk Insurance Cover?

Fire


Wind


Theft


Lightning


Hail


Explosion


Vandalism


Damage caused by vehicles or aircraft


Get in Touch
Ensure your construction project is well-protected with the right builders risk insurance policy from our Insurance Agency. Contact us today to learn more about our customized insurance solutions.

Setting the Right Insurance Limit

To ensure adequate coverage, the builders risk insurance policy must meet the maximum coverage limit, which should accurately reflect the structure's completed value (including
all materials and labor costs, but excluding land value). The construction budget is a helpful guide for determining the appropriate insurance limit.

Secure Your Construction Project Today

Protect your construction investment with a tailored builders risk insurance policy from our Insurance Agency. Contact us about your unique requirements to ensure your project is handled from beginning to end.
Ensure your construction project is well-protected with the right builders risk insurance policy from our Insurance Agency. Contact us today to learn more about our customized insurance solutions.

Click And Learn

Property damage
Debris removal
Law/Local ordinance changes 
Labour expenses
Material Cost escalation

Property damage coverage

Risk Factors

Your construction property can get damaged by any unspecific event like fire, explosion, hail, etc and you become liable for the same

Solution

A builder’s risk insurance policy helps protect your construction projects from certain kinds of property damage. It can also help cover additional soft costs if property damage causes a delay. This can include lost sales, rental income, additional interest on loans and real estate taxes.

Debris removal coverage

Risk Factors

The debris can be a major issue if you are into the construction of buildings and other structures.

Solution

Debris removal coverage covers the cost of clearing and disposing of the debris and materials from a covered loss, which can often be a massive expense. Some insurers will also cover demolition costs if the remaining parts of a damaged structure must be torn down.

Law/Local ordinance changes coverage

Risk Factors

There can be a possibility that the rules, regulations, and other laws change during your construction project and make an impact on the same.

Solution

Suppose a law or local ordinance changes during the construction project. In that case, this policy protection will cover the added costs of complying with the new laws, plus the costs of any delays that the new compliance adds to the project.

Labour expenses coverage

Risk Factors

There can be instances where your labor expenses increase due to commitments and labor strikes for an increase in wages.

Solution

Some policies will cover the additional labor costs that result from a covered loss; others will offer that coverage as an optional extension. Almost all insurers will offer this form of coverage.

Material Cost escalation Coverage

Risk Factors

There can be a possibility that you gave a quotation for a construction project, but the material prices increased due to changes in the economy.

Solution

This protects the policyholder from any significant increases in the cost of materials and services during the project. If unforeseen economic changes lead to a drastic change in price for certain materials, this policy extension covers that cost.

We understand the challenges and complexities of construction projects. We have the expertise and experience to help you find the best builder risk insurance policy for your needs. We work with reputable insurers who offer competitive rates and comprehensive coverage. We also provide fast and hassle-free claims service in case of a loss.

Don’t let unexpected events ruin your construction project. Contact us today for a free quote and consultation on builder risk insurance. We will help you protect your project from start to finish.

Contact Us
© 2024 Rotunno Insurance Agency All rights reserved. Powered by Amplispot.
Our commitment is to provide unparalleled customer service and exceptional value.
Get Quote
cloud cloud-upload linkedin facebook pinterest youtube rss twitter instagram facebook-blank rss-blank linkedin-blank pinterest youtube twitter instagram Skip to content