Builders Risk or Course of Construction

Capstone Brokerage, Inc. is dedicated to meeting the property insurance needs of the construction industry. From custom homebuilders to large commercial contractors, we have a course of construction insurance solution that can provide the unique coverage builders need.

Builders Risk insures against loss to buildings or structures in the course of construction, renovation or repair. It provides protection on an “all risk” basis including theft and vandalism however; construction must be in progress for coverage to exist. The limit of insurance may equal the full value of the project.

The policy covers the costs of labor and materials for new construction. In addition to the actual building, it covers property such as temporary structures, fencing, scaffolding, and construction signs. Loss or damage to trees, shrubs, sod and plants is covered for specific perils such as fire, theft, and motor vehicle collision. The Builders Risk policy covers the Insured’s responsibility for materials and property owned by others at the job site. A Builders Risk policy also covers the financial loss resulting from a new ordinance or law. Some Builders Risk policies protect the profit the contractor has earned.