If you or your business are involved in the construction of new commercial buildings, then builders risk insurance is vital to making your project a success.
Commercial project builders’ risk insurance is designed to provide project-specific insurance for an individual construction project requiring a separate policy. This type of policy offers insurance for a wide variety of new construction projects including: high-rise offices, industrial structures, warehouses, road projects, municipal buildings, engineered risks and institutional properties.
In some cases, construction contracts require that architects, consulting engineers, designers, contractors, and/or subcontractors can be listed as additional insureds. Commercial builders’ risk insurance is designed to cover these service providers.
Some commercial builders’ risk insurance extends to scaffolding, building materials, fixtures and equipment, temporary structures being used in the construction or renovation of a structure. It also covers perils such as fire, wind, theft, and vandalism. Dunham Insurance can customize a commercial builders risk policy for your specific construction needs. Contact us today for more information about coverage and a consultation.