Builder’s risk
Protects a building while it’s being built or renovated, plus the materials on site, until the job is done.
Covered
Every policy is different. Oscar walks you through the exact wording of yours.
- 01The structure while it’s under construction
- 02Materials and supplies stored on site
- 03Materials in transit to the job
- 04Temporary structures like scaffolding and forms
Usually not covered
- Your tools and equipment (that’s tools and equipment coverage)
- Injuries to workers (that’s workers’ comp)
- Injuries to the public (that’s general liability)
- Poor workmanship or design flaws themselves
- Flood and earthquake, unless added
Who it’s for
General contractors, property owners, developers and remodelers on new builds and major renovations.
Bundle two or more policies with Diamond and save up to 20%. A licensed agent reviews every request. Nothing on this page is a quote or proof of coverage.
Builder’s risk questions
Who buys builder’s risk, the owner or the contractor?
Either one. The contract usually says who. Read that section before you bid.
When does it end?
Usually when the building is finished, occupied or sold, or when the policy term ends. Then regular property coverage takes over.
Does it cover theft of materials?
Often yes, for materials on site, with conditions like fencing or locked storage. Oscar will point out the conditions in your policy.
Ready when you are
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