​As a contractor, you know how exciting it is to work on new construction and renovation projects. These projects can be very lucrative, but they also come with risks. Without insurance, you leave yourself and your business vulnerable to financial ruin. Construction sites are inherently dangerous places, and accidents can happen anytime. Even with the best safety measures in place, unforeseen events such as natural disasters can cause damage to property or delay the project. Insurance gives you peace of mind, knowing you are protected against these risks.

Builders’ risk insurance is a type of property insurance coverage that protects against damage to buildings or other structures during construction. In addition to covering the physical building, builders’ risk insurance can also include coverage for on-site personal property and any materials used in the project. These policies are typically purchased by builders, developers, and contractors to protect themselves against financial losses due to risks such as damage from weather events, theft, or vandalism while the project is in progress.