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Builders Risk Insurance

Protect your project as it’s being built.

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Builders risk insurance in Rossford, OH and throughout Ohio and Michigan.

Did you know you can protect your properties even before they are finished being built? Builders risk insurance protects from risks like fire, theft and more.

Builders risk insurance is effectively a form of property insurance that covers the period while the property is still under construction. It’s possible for the property owners to take out such a policy, though more commonly it’ll be a policy they insist the contractors take out.

The key areas of coverage are damage caused by events such as fire and hail storms. You’ll also normally be covered for theft and vandalism (though not by your employees) and damage caused by vehicles or aircraft hitting the building. To make sure coverage levels are adequate, policies are often set at a fixed percentage of the total construction budget. You’ll need to check how long the policy runs as it typically won’t allow repeated extensions of the construction timeline.

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Which business insurance is right for your company?

Explore how having the right business insurance can protect your company from the unexpected.

Builders Risk
Building or Structures Under Construction Coverage
Risk Factor

Your work-in-progress is a risk in the open. Damage from covered weather, vandalism, or other risks can slow or stop a project.

Solution

Building or Structures Under Construction coverage helps protect against damage to the building or structure being constructed from covered risks.

Materials and Supplies Coverage
Risk Factor

The materials and supplies you have on the job site are vulnerable to risks such as theft, fire, or other types of loss or damage.

Solution

Materials and Supplies coverage pays for the loss of covered materials and supplies used to complete the construction.

Equipment Coverage
Risk Factor

Your tools and equipment are of the utmost importance when building. Losing them to theft or damage could be a major problem.

Solution

Add Equipment coverage to protect valuable construction equipment used to complete the project from damage or other forms of loss.

Temporary Structures
Risk Factor

Weather, accidents, and other risks are potential dangers to temporarily erected structures that help you complete key projects.

Solution

Adding Temporary Structures coverage to your policy covers structures like scaffolding or signs from damage or other forms of loss.

Soft Cost Coverage
Risk Factor

There is often more at stake than what is at the construction site. Damages and delays can affect other parts of your business.

Solution

Soft Cost coverage helps with extra costs such as loan interest, lost sales income, rental income, real estate taxes, and more.

It’s important to be aware of what builders risk insurance doesn’t cover. Unless specifically stated, it won’t cover specific increased risks such as flooding on a beachfront construction or earthquakes near a fault line. It also doesn’t cover injuries suffered by workers, meaning you’ll still need any legally-required workers’ compensation insurance coverage, as well.

If builders risk insurance sounds right for you, contact us today for a quote.

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As an independent agency, we offer multiple options at competitive prices.

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Rossford, OH Office
1265 Dixie Highway
Rossford, OH 43460
Office Hours
9:00AM - 5:00PM
Monday - Thursday
9:00AM - 1:00PM
Friday
Also providing service throughout Ohio and Michigan, including Monroe County, MI, Lucas County, OH, Ottawa County, OH, Wood County, OH, Fulton County, OH and Lenawee County, MI.