Builders Risk/Course of Construction Insurance

A Builders Risk Insurance Policy (also known as Course of Construction/COC Insurance) is designed to protect the contractor and property owner from a loss that happens during construction or renovation projects. We can provide you with multiple options based on your project and the amount of property/liability exposure you have.

How much is a Builders Risk/ Course of Construction Policy?

The cost of COC Insurance is based on many factors, including the size of the project, the amount of property being insured, the contractors claims history, and the amount of security at the location in question.

It’s best practice to purchase a Builders Risk insurance policy before the project begins. Some insurance companies will even choose to decline projects that have already begun.

Don’t Assume You’re Covered!

Many personal and commercial insurance policies decline to provide coverage when they find out your property will have major renovations and construction taking place. You’ll need a policy written specifically for the extra risk a construction site with multiple laborers and added construction material will bring.

Builders Risk Insurance Can Cover More Than Just Property

Make sure you’re covered where you need it most. Many course of construction insurance policies can provide optional insurance coverage for:

-Loss of Rent From Delay of Completion
-Labor Costs
-Real Estate Taxes
-Architect Fees
-Bond & Permit Fees
-And more..