Builder’s Risk Insurance

New building project or renovations on existing property requires a Builder’s Risk Insurance. Builder’s risk is taken by the owner of the property who will assign contractors to work on the project. The contractors of the project is termed as General Contractors. They have liability insurance policy to cover their construction related works.

However, as owner of a piece of land or an existing property if you need to remove the existing structure and rebuild it, or you want to put additional outbuildings on your property you are liable for these things following things.

construction materials on-site, and liability caused by insured peril like fire, theft, vandalism etc. The structure of the building is also covered under Builder’s risk policy.

Conditions

There are important details in your builder’s risk policy that you need to be aware of. The building project has to be fenced and managed properly by City bylaws and building guidelines. These conditions will be written down on your policy wordings, you need to make sure to mitigate the risk it is properly maintained.

Please fill out this form if you require a quote for Builder’s risk insurance.

Layout Your First Name * Email * Last Name * Phone * This is a * New Build Renovation Attachment to Existing Location Already Started Project Project Location Address Length of the of project *3 Months6 Months12 MonthsOther Total Value of the Project (Example $500,000) Consent * If you provide us with a form of contact information, you expressly agree and consent that we, or our authorized service providers, can use that information to contact you. This means you also consent to receive electronic communications and you agree that all agreements, notices, disclosures and other communications that are provided to you electronically satisfy any legal requirement that such communications be in writing. Submit