Course of Construction (COC) insurance, also known as Builder's Risk insurance, is a specialized type of property insurance designed to cover buildings and structures while they are under construction. This form of insurance is essential for protecting construction projects against a range of risks, including fire, theft, vandalism, and certain weather-related damages that might occur during the building phase.

COC insurance policies typically cover the building itself, materials, and supplies that are either on-site, in transit, or at temporary storage locations. This coverage ensures that if a loss occurs, the financial impact on the project is minimized, allowing construction to proceed with minimal disruption.

Key benefits of COC insurance include protection for project owners, contractors, and subcontractors, safeguarding their investment and ensuring the project can be completed. Policies are often tailored to the specific needs of a project, taking into account the scope, location, and value of the construction work.

In addition to physical damage, some COC insurance policies may offer extensions for soft costs, such as architectural fees, legal expenses, and interest on construction loans, which might be incurred due to project delays caused by a covered loss.

Overall, Course of Construction insurance is a crucial risk management tool in the construction industry, providing comprehensive protection that helps ensure projects are completed on time and within budget, despite unforeseen setbacks.

Give us a call at Morning Star Agency Insurance Services at 1-866-546-5598 and speak with one of our licensed and experienced commercial agents.  We will work with you to make sure you are properly protected.

Click here to access our quote form and we will contact you