Who should be named insured on a builder's risk policy?

All parties with a financial interest in the project, such as the owner, contractor, and subcontractors, should be named insureds.

The named insured should include the property owner, contractor, and any stakeholders with a financial interest in the construction project.

An insurer reimburses soft costs, such as additional interest and permit fees, after a fire delays construction.

Regularly inspect and secure your construction site to minimize risks and reduce the likelihood of claims.