Builders’ Risk Insurance – Covering Construction Projects in Wisconsin
What Builders’ Risk Covers During Construction
Builders’ risk insurance protects structures in progress from unexpected setbacks like fire, theft, vandalism, or severe weather. Without it, a single storm in the Fox Valley could wipe out months of work with no recovery funds. This coverage ensures the project can move forward.
Materials, Equipment & Onsite Protection
Coverage extends beyond the building itself to include materials stored on-site, items in transit, and temporary structures. While tools and heavy equipment may need separate coverage, builders’ risk is vital for supplies, framing, and fixtures as they’re added to the job.
Who Should Carry Builders’ Risk Coverage
Project owners, developers, or general
contractors often purchase builders’ risk policies, but responsibility can shift depending on contract terms. Whether you’re building a home in Sherwood or a commercial site near Appleton, Head Insurance will clarify who should carry the policy.
FAQs About Construction Insurance
Who buys builders’ risk insurance?
Often the property owner or general contractor, depending on contract terms.
How much should I insure a project for?
Coverage should match the completed value of the construction, excluding land.
Does builders’ risk cover liability?
No, it’s strictly property coverage; liability requires general liability insurance.