What is Builder’s Risk Insurance?

Builder’s Risk insurance, or Course of Construction insurance, covers damage to buildings and structures under construction or renovation.

What does it Cover?

Builders risk covers various aspects of your construction project, offering comprehensive protection for:

• Under Construction: Your physical structure, whether the building itself or temporary structures like scaffolding, is covered.
• Materials and Equipment: Everything from lumber to heavy-duty machinery is protected.
• Storage: During transportation, your materials, supplies, and equipment are safeguarded, whether on-site or off-site.
• Soft Costs: Think permits, architect fees, and interest on construction loans – builder’s risk has you covered.
• Cleanup: In the aftermath of a covered loss, the policy helps remove debris and site cleanup.

Why do I need it?

In the unpredictable world of construction, builder’s risk insurance serves as your safety net against unexpected losses.

Here’s why it’s indispensable:

• Financial Security: Construction comes with risks. Builder’s risk insurance mitigates financial blows from theft, fire, vandalism, and natural disasters.
• Project Continuity: If the worst happens, this insurance ensures your project doesn’t come to a screeching halt. Repair or replace, and you’re back on track.
• Client Confidence: Investing in risk management isn’t just about you. It signals to clients and stakeholders that you’re serious about project success.

What are my Payment Options?

Our programs offer various payment options when purchasing your builder’s risk insurance policy.

Full Payment Option – Pay the premium with one payment.
Direct Bill Option – Pay the monthly premium to the carrier directly.
Financing Option – Pay the monthly premium through a finance company.

Why choose Fairbanks Insurance Brokers?

Our seasoned specialists have years of experience customizing policies to suit each contractor’s unique trade, offering personalized coverage at fiercely competitive rates.

Count on us to protect your construction project from start to finish!