Who needs builder's risk insurance?

Property owners, contractors, developers, and others with a financial interest in a construction project should consider this coverage.

Builder's risk insurance is essential for property owners, contractors, developers, and anyone with a financial interest in a construction project. It provides coverage against potential losses during construction.

A contractor purchases builder's risk insurance to protect against losses during a residential construction project.

Include all stakeholders with a financial interest in the project as named insureds to ensure comprehensive protection.