Construction and Builders' Risk Insurance

Construction and Builders’ Risk Insurance offers vital protection for property damage, equipment, and materials during the construction process. Whether you are working on residential, commercial, or industrial projects, this specialized insurance ensures that your construction site is covered against damage, theft, and other risks that could cause delays or additional costs.

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Insurance Coverage  Options

Property Damage Coverage

Property damage coverage protects against damages to structures that are under construction. Whether it’s damage due to fire, weather events, or accidents, this coverage ensures that your project is not financially crippled by unforeseen events during construction.

Equipment & Materials Coverage

This coverage protects tools, machinery, and building materials from loss or damage. Whether equipment is stolen or materials are damaged, this ensures that the resources critical for your project are covered and can be replaced swiftly, minimizing downtime.

Soft Costs Coverage

Soft costs coverage helps mitigate additional expenses that can arise due to construction delays. This includes permits, re-inspection fees, and other administrative costs that may accumulate if a project experiences delays caused by unforeseen events.

Wrap Up Liability Insurance

Wrap up liability insurance covers all parties involved in a construction project, including owners, contractors, subcontractors, and consultants. This ensures that all stakeholders are protected against third-party claims of injury or property damage, providing a unified layer of coverage across the entire project.

Why You Need Construction and Builders Risk Insurance

Construction and Builders’ Risk Insurance provides comprehensive coverage for property damage, theft, and losses during the construction phase of a project. It protects contractors, developers, and project owners from unforeseen construction delays and financial losses, including Delayed Start-Up (DSU) costs. This specialized coverage ensures that your project remains on track and financially viable even when unexpected setbacks occur.

Who Is This For?

KRGInsure’s construction and builders risk insurance solutions are ideal for:

Contractors and construction companies

Developers and real estate investors

Project owners and property developers

Subcontractors and consultants involved in construction

Architects and engineers managing construction projects

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