Builder’s Risk insurance will protect property while it is being built; protecting property assets and mitigating risks related to fire, theft, vandalism, and more
Insurances
Builders Risk
January 5, 2025 | by MHG Team
Builders Risk
What Is Builders Risk Insurance?
During the course of construction, contractors face variable risks. MHG is an expert at helping contractors and builders assess these risks and their insurance needs.
A Builders Risk policy protects builders and contractors from losses to property and subsequent financial hardships in the event of an incident. Losses may occur to the property or structure but may include the materials used on the job site. MHG can help protect the business.
What coverage is contained in a Builders Risk Policy?
With Builders Risk policies there are optional coverages to consider:
- Policy time frames;
- New Construction, remodeling & rehabs;
- Coverage for framing, cleanup, and debris removal;
- Financial costs due to delays;
- Project sites and trailers, and
- more.
