Builders Risk Insurance in Columbus, Coshocton, Newark, Zanesville, OH

Builders risk insurance may cover buildings and structures during construction or renovation, as well as materials stored on site. This coverage may address losses caused by:

• Fire, lightning or windstorm
• Theft or vandalism
• Certain types of water damage
• Accidental damage from vehicles or equipment
• Other covered events that may interrupt or delay the project

Coverage may be tailored to include materials, fixtures and equipment on-site or temporarily stored at another approved location. It is important to review the policy to understand what is and is not included, since some risks, such as earthquakes or floods, may require additional coverage.

Who Needs This?

This type of policy may be valuable for anyone with a financial interest in a construction project, including:

• General contractors and subcontractors
• Property owners and developers
• House flippers and real estate investors
• Lenders or financial institutions funding the project

What Isn’t Included in This Policy?

Standard builders risk coverage may often exclude these items:

• Injuries to employees, which are typically handled under workers’ compensation coverage
• Losses tied to faulty design, workmanship or materials
• Tools, equipment and machinery owned by contractors, which may call for separate coverage
• Normal wear and tear or gradual deterioration over time

What Factors Can Affect Your Insurance Costs?

Rates may depend on several factors, such as:

• Project value
• Materials used
• Security measures at the site
• Type of construction (new build, renovation or addition)
• Project timeline

Get Started Today

Boyer Insurance LLC works with construction professionals to review project details and recommend policies that fit their goals. Contact us to get a free personalized quote.