{"id":2,"date":"2023-12-08T17:19:55","date_gmt":"2023-12-08T17:19:55","guid":{"rendered":"http:\/\/stagingserver3.com\/buildersrisktx\/?page_id=2"},"modified":"2024-01-05T20:08:41","modified_gmt":"2024-01-05T20:08:41","slug":"sample-page","status":"publish","type":"page","link":"https:\/\/stagingserver3.com\/buildersrisktx\/","title":{"rendered":"Home"},"content":{"rendered":"[vc_row type=”full_width_background” full_screen_row_position=”middle” column_margin=”default” column_direction=”default” column_direction_tablet=”default” column_direction_phone=”default” bg_color=”#ffe6c9″ scene_position=”center” top_padding=”130″ constrain_group_1=”yes” bottom_padding=”130″ text_color=”dark” text_align=”center” row_border_radius=”none” row_border_radius_applies=”bg” overflow=”visible” id=”ro-1″ overlay_strength=”0.3″ gradient_direction=”left_to_right” shape_divider_position=”bottom” bg_image_animation=”none” gradient_type=”default” shape_type=””][vc_column column_padding=”no-extra-padding” column_padding_tablet=”inherit” column_padding_phone=”inherit” column_padding_position=”all” column_element_direction_desktop=”default” column_element_spacing=”default” desktop_text_alignment=”default” tablet_text_alignment=”default” phone_text_alignment=”default” background_color_opacity=”1″ background_hover_color_opacity=”1″ column_backdrop_filter=”none” column_shadow=”none” column_border_radius=”none” column_link_target=”_self” column_position=”default” gradient_direction=”left_to_right” overlay_strength=”0.3″ width=”1\/1″ tablet_width_inherit=”default” animation_type=”default” bg_image_animation=”none” border_type=”simple” column_border_width=”none” column_border_style=”solid”][vc_column_text css_animation=”fadeIn” el_class=”txt1″]\n

Great Experience in Building<\/span><\/h4>\n

Builders Risk<\/span>
\nTEXAS, USA<\/span><\/h1>\n

Buildings under construction are subject to a myriad of risks. From fires, to theft, to unforeseen<\/span>
\nnatural disasters, building owners and builders are left to pick up the pieces.<\/span><\/p>\n[\/vc_column_text][nectar_btn size=”large” button_style=”regular” button_color_2=”Accent-Color” icon_family=”none” button_id=”btnn” text=”Apply now” url=”https:\/\/stagingserver3.com\/buildersrisktx\/contact-us\/” css_animation=”fadeInUp”][\/vc_column][\/vc_row][vc_row type=”full_width_background” full_screen_row_position=”middle” column_margin=”default” column_direction=”default” column_direction_tablet=”default” column_direction_phone=”default” bg_color=”#f8f8f8″ scene_position=”center” top_padding=”60″ bottom_padding=”60″ text_color=”dark” text_align=”left” row_border_radius=”none” row_border_radius_applies=”bg” overflow=”visible” id=”ro-2″ overlay_strength=”0.3″ gradient_direction=”left_to_right” shape_divider_position=”bottom” bg_image_animation=”none” gradient_type=”default” shape_type=””][vc_column column_padding=”no-extra-padding” column_padding_tablet=”inherit” column_padding_phone=”inherit” column_padding_position=”all” column_element_direction_desktop=”default” column_element_spacing=”default” desktop_text_alignment=”default” tablet_text_alignment=”default” phone_text_alignment=”default” background_color_opacity=”1″ background_hover_color_opacity=”1″ column_backdrop_filter=”none” column_shadow=”none” column_border_radius=”none” column_link_target=”_self” column_position=”default” gradient_direction=”left_to_right” overlay_strength=”0.3″ width=”1\/1″ tablet_width_inherit=”default” animation_type=”default” bg_image_animation=”none” border_type=”simple” column_border_width=”none” column_border_style=”solid”][vc_column_text css_animation=”fadeInDown” el_class=”txt1″ css=”.vc_custom_1702316748706{margin-bottom: 15px !important;}”]\n

Our Services<\/span><\/h2>\n

Buildings under construction are subject to a myriad of risks. From fires, to theft, to unforeseen natural disasters, building owners and
\nbuilders are left to pick up the pieces. A builders risk insurance policy protects against these perils and more.<\/p>\n[\/vc_column_text][vc_row_inner column_margin=”default” column_direction=”default” column_direction_tablet=”default” column_direction_phone=”default” top_padding=”40″ text_align=”left” row_position=”default” row_position_tablet=”inherit” row_position_phone=”inherit” overflow=”visible” pointer_events=”all”][vc_column_inner column_padding=”no-extra-padding” column_padding_tablet=”inherit” column_padding_phone=”inherit” column_padding_position=”all” column_element_direction_desktop=”default” column_element_spacing=”default” desktop_text_alignment=”default” tablet_text_alignment=”default” phone_text_alignment=”default” background_color_opacity=”1″ background_hover_color_opacity=”1″ column_backdrop_filter=”none” column_shadow=”none” column_border_radius=”none” column_link_target=”_self” overflow=”visible” gradient_direction=”left_to_right” overlay_strength=”0.3″ width=”1\/2″ tablet_width_inherit=”default” animation_type=”default” bg_image_animation=”none” border_type=”simple” column_border_width=”none” column_border_style=”solid”][vc_column_text css_animation=”fadeInLeft” el_class=”txt-info” css=”.vc_custom_1702316757981{padding-top: 19px !important;padding-right: 18px !important;padding-bottom: 19px !important;padding-left: 18px !important;background-color: #ffffff !important;}”]\n

Builders Risk Highlights<\/span><\/h3>\n

Residential construction, commercial construction, residential\/commercial remodeling, installation floaters[\/vc_column_text][\/vc_column_inner][vc_column_inner column_padding=”no-extra-padding” column_padding_tablet=”inherit” column_padding_phone=”inherit” column_padding_position=”all” column_element_direction_desktop=”default” column_element_spacing=”default” desktop_text_alignment=”default” tablet_text_alignment=”default” phone_text_alignment=”default” background_color_opacity=”1″ background_hover_color_opacity=”1″ column_backdrop_filter=”none” column_shadow=”none” column_border_radius=”none” column_link_target=”_self” overflow=”visible” gradient_direction=”left_to_right” overlay_strength=”0.3″ width=”1\/2″ tablet_width_inherit=”default” animation_type=”default” bg_image_animation=”none” border_type=”simple” column_border_width=”none” column_border_style=”solid”][vc_column_text css_animation=”fadeInRight” el_class=”txt-info” css=”.vc_custom_1702316763888{padding-top: 19px !important;padding-right: 18px !important;padding-bottom: 19px !important;padding-left: 18px !important;background-color: #ffffff !important;}”]\n

Builders Risk Webinars<\/span><\/h3>\n

View our upcoming and existing webinars to help you understand the risks your clients face[\/vc_column_text][\/vc_column_inner][\/vc_row_inner][vc_row_inner column_margin=”default” column_direction=”default” column_direction_tablet=”default” column_direction_phone=”default” text_align=”left” row_position=”default” row_position_tablet=”inherit” row_position_phone=”inherit” overflow=”visible” pointer_events=”all”][vc_column_inner column_padding=”no-extra-padding” column_padding_tablet=”inherit” column_padding_phone=”inherit” column_padding_position=”all” column_element_direction_desktop=”default” column_element_spacing=”default” desktop_text_alignment=”center” tablet_text_alignment=”default” phone_text_alignment=”default” background_color_opacity=”1″ background_hover_color_opacity=”1″ column_backdrop_filter=”none” column_shadow=”none” column_border_radius=”none” column_link_target=”_self” overflow=”visible” gradient_direction=”left_to_right” overlay_strength=”0.3″ width=”1\/1″ tablet_width_inherit=”default” animation_type=”default” bg_image_animation=”none” border_type=”simple” column_border_width=”none” column_border_style=”solid” column_padding_type=”default” gradient_type=”default”][nectar_btn size=”large” button_style=”regular-tilt” button_color=”Accent-Color” icon_family=”none” button_id=”btnn” text=”Apply Now” url=”https:\/\/stagingserver3.com\/buildersrisktx\/contact-us\/” margin_top=”30″ css_animation=”fadeInDown”][\/vc_column_inner][\/vc_row_inner][\/vc_column][\/vc_row][vc_row type=”full_width_background” full_screen_row_position=”middle” column_margin=”default” column_direction=”default” column_direction_tablet=”default” column_direction_phone=”default” scene_position=”center” top_padding=”50″ bottom_padding=”70″ text_color=”dark” text_align=”left” row_border_radius=”none” row_border_radius_applies=”bg” overflow=”visible” id=”ro-3″ overlay_strength=”0.3″ gradient_direction=”left_to_right” shape_divider_position=”bottom” bg_image_animation=”none” gradient_type=”default” shape_type=””][vc_column column_padding=”no-extra-padding” column_padding_tablet=”inherit” column_padding_phone=”inherit” column_padding_position=”all” column_element_direction_desktop=”default” column_element_spacing=”default” desktop_text_alignment=”default” tablet_text_alignment=”default” phone_text_alignment=”default” background_color_opacity=”1″ background_hover_color_opacity=”1″ column_backdrop_filter=”none” column_shadow=”none” column_border_radius=”none” column_link_target=”_self” column_position=”default” gradient_direction=”left_to_right” overlay_strength=”0.3″ width=”1\/1″ tablet_width_inherit=”default” animation_type=”default” bg_image_animation=”none” border_type=”simple” column_border_width=”none” column_border_style=”solid”][vc_row_inner column_margin=”default” column_direction=”default” column_direction_tablet=”default” column_direction_phone=”default” text_align=”left” row_position=”default” row_position_tablet=”inherit” row_position_phone=”inherit” overflow=”visible” pointer_events=”all”][vc_column_inner column_padding=”no-extra-padding” column_padding_tablet=”inherit” column_padding_phone=”inherit” column_padding_position=”all” column_element_direction_desktop=”default” column_element_spacing=”default” desktop_text_alignment=”center” tablet_text_alignment=”default” phone_text_alignment=”default” background_color_opacity=”1″ background_hover_color_opacity=”1″ column_backdrop_filter=”none” column_shadow=”none” column_border_radius=”none” column_link_target=”_self” overflow=”visible” gradient_direction=”left_to_right” overlay_strength=”0.3″ width=”1\/1″ tablet_width_inherit=”default” animation_type=”default” bg_image_animation=”none” border_type=”simple” column_border_width=”none” column_border_style=”solid” column_padding_type=”default” gradient_type=”default”][vc_column_text css_animation=”fadeInDown” el_class=”txt1″]\n

About Us<\/span><\/h2>\n

Legends Elite Solutions is a leading provider of builders risk and construction insurance throughout the country. Our mission is to provide contractors, builders and developers the peace of mind they need to complete their projects with confidence, all at competitive pricing. We understand the unique challenges and risks associated with construction projects, and our team of experienced professionals is dedicated to delivering customized insurance solutions that meet your specific needs. With a commitment to provide unparalleled customer service and support, we are the preferred choice of contractors and builders across the nation. Apply now for your tailored estimate and options. Or, give us a call to learn more about how we can help protect your upcoming project.<\/p>\n[\/vc_column_text][nectar_btn size=”large” button_style=”regular-tilt” button_color=”Accent-Color” icon_family=”none” button_id=”btnn” text=”read More” url=”https:\/\/stagingserver3.com\/buildersrisktx\/about\/” css_animation=”bounceInDown”][\/vc_column_inner][\/vc_row_inner][\/vc_column][\/vc_row][vc_row type=”in_container” full_screen_row_position=”middle” column_margin=”default” column_direction=”default” column_direction_tablet=”default” column_direction_phone=”default” scene_position=”center” constrain_group_1=”yes” text_color=”light” text_align=”left” row_border_radius=”none” row_border_radius_applies=”bg” overflow=”visible” id=”ro-4″ overlay_strength=”0.3″ gradient_direction=”left_to_right” shape_divider_position=”bottom” bg_image_animation=”none” gradient_type=”default” shape_type=””][vc_column column_padding=”padding-3-percent” column_padding_tablet=”inherit” column_padding_phone=”inherit” column_padding_position=”top-bottom” column_element_direction_desktop=”default” column_element_spacing=”default” desktop_text_alignment=”center” tablet_text_alignment=”default” phone_text_alignment=”default” background_color=”#f6931c” background_color_opacity=”1″ background_hover_color_opacity=”1″ column_backdrop_filter=”none” column_shadow=”none” column_border_radius=”none” column_link_target=”_self” column_position=”default” el_class=”cola1″ gradient_direction=”left_to_right” overlay_strength=”0.3″ width=”1\/1″ tablet_width_inherit=”default” animation_type=”default” bg_image_animation=”none” border_type=”simple” column_border_width=”none” column_border_style=”solid” column_padding_type=”default” gradient_type=”default”][vc_column_text css_animation=”fadeInUp” el_class=”txt1″]\n

Looking for a Builders
\nRisk Insurance?<\/h2>\n[\/vc_column_text][nectar_btn size=”large” button_style=”regular-tilt” button_color=”Accent-Color” color_override=”#000000″ icon_family=”none” button_id=”btnn” text=”Apply Now” url=”https:\/\/stagingserver3.com\/buildersrisktx\/about\/”][\/vc_column][\/vc_row][vc_row type=”full_width_background” full_screen_row_position=”middle” column_margin=”default” column_direction=”default” column_direction_tablet=”default” column_direction_phone=”default” scene_position=”center” top_padding=”50″ bottom_padding=”100″ text_color=”dark” text_align=”left” row_border_radius=”none” row_border_radius_applies=”bg” overflow=”visible” id=”ro-5″ overlay_strength=”0.3″ gradient_direction=”left_to_right” shape_divider_position=”bottom” bg_image_animation=”none” gradient_type=”default” shape_type=””][vc_column column_padding=”no-extra-padding” column_padding_tablet=”inherit” column_padding_phone=”inherit” column_padding_position=”all” column_element_direction_desktop=”default” column_element_spacing=”default” desktop_text_alignment=”default” tablet_text_alignment=”default” phone_text_alignment=”default” background_color_opacity=”1″ background_hover_color_opacity=”1″ column_backdrop_filter=”none” column_shadow=”none” column_border_radius=”none” column_link_target=”_self” column_position=”default” gradient_direction=”left_to_right” overlay_strength=”0.3″ width=”1\/2″ tablet_width_inherit=”default” animation_type=”default” bg_image_animation=”none” border_type=”simple” column_border_width=”none” column_border_style=”solid”][vc_row_inner column_margin=”default” column_direction=”default” column_direction_tablet=”default” column_direction_phone=”default” text_align=”left” row_position=”default” row_position_tablet=”inherit” row_position_phone=”inherit” overflow=”visible” pointer_events=”all” el_id=”inn”][vc_column_inner column_padding=”padding-3-percent” column_padding_tablet=”inherit” column_padding_phone=”inherit” column_padding_position=”all” column_element_direction_desktop=”default” column_element_spacing=”default” desktop_text_alignment=”default” tablet_text_alignment=”center” phone_text_alignment=”default” background_color_opacity=”1″ background_hover_color_opacity=”1″ column_backdrop_filter=”none” column_shadow=”small_depth” column_border_radius=”none” column_link_target=”_self” overflow=”visible” gradient_direction=”left_to_right” overlay_strength=”0.3″ width=”1\/1″ tablet_width_inherit=”default” animation_type=”default” enable_animation=”true” animation=”reveal-from-left” animation_easing=”default” bg_image_animation=”none” border_type=”simple” column_border_width=”none” column_border_style=”solid” column_padding_type=”default” gradient_type=”default”][vc_column_text el_class=”txt-info”]\n

Commercial<\/span><\/h2>\n
Commercial Property Builder’s Risk Insurance<\/span><\/h5>\n

From accidents and damages to theft and vandalism, when you\u2019re in the business of construction, there are countless risks you must face.\u00a0 And, the potential for losses can be significant. That\u2019s why it\u2019s crucial to have commercial property builder\u2019s risk insurance.<\/p>\n

In this guide, we\u2019ll explore everything you need to know about commercial property builder\u2019s risk insurance, including what it is, what it covers, and how to choose the right policy for your business.[\/vc_column_text][nectar_btn size=”large” button_style=”regular-tilt” button_color=”Accent-Color” icon_family=”none” button_id=”btnn” text=”Read more” url=”https:\/\/stagingserver3.com\/buildersrisktx\/commercial\/”][\/vc_column_inner][\/vc_row_inner][\/vc_column][vc_column column_padding=”no-extra-padding” column_padding_tablet=”inherit” column_padding_phone=”inherit” column_padding_position=”all” column_element_direction_desktop=”default” column_element_spacing=”default” desktop_text_alignment=”default” tablet_text_alignment=”default” phone_text_alignment=”default” background_color_opacity=”1″ background_hover_color_opacity=”1″ column_backdrop_filter=”none” column_shadow=”none” column_border_radius=”none” column_link_target=”_self” column_position=”default” gradient_direction=”left_to_right” overlay_strength=”0.3″ width=”1\/2″ tablet_width_inherit=”default” animation_type=”default” bg_image_animation=”none” border_type=”simple” column_border_width=”none” column_border_style=”solid”][vc_row_inner column_margin=”default” column_direction=”default” column_direction_tablet=”default” column_direction_phone=”default” text_align=”left” row_position=”default” row_position_tablet=”inherit” row_position_phone=”inherit” overflow=”visible” pointer_events=”all” el_id=”inn”][vc_column_inner column_padding=”padding-3-percent” column_padding_tablet=”inherit” column_padding_phone=”inherit” column_padding_position=”all” column_element_direction_desktop=”default” column_element_spacing=”default” desktop_text_alignment=”default” tablet_text_alignment=”center” phone_text_alignment=”default” background_color_opacity=”1″ background_hover_color_opacity=”1″ column_backdrop_filter=”none” column_shadow=”small_depth” column_border_radius=”none” column_link_target=”_self” overflow=”visible” gradient_direction=”left_to_right” overlay_strength=”0.3″ width=”1\/1″ tablet_width_inherit=”default” animation_type=”default” enable_animation=”true” animation=”reveal-from-right” animation_easing=”default” bg_image_animation=”none” border_type=”simple” column_border_width=”none” column_border_style=”solid” column_padding_type=”default” gradient_type=”default”][vc_column_text el_class=”txt-info”]\n

RESIDENTIAL
\n<\/span><\/h2>\n
Residential builder’s risk insurance <\/span><\/h5>\n

Residential builder\u2019s risk insurance provides coverage for buildings that are under construction or renovation. It is also known as builder\u2019s risk insurance or course of construction insurance.<\/p>\n

This insurance policy covers the owner or the builder of the property against damage or loss to the building and materials used in the construction process from various perils such as fire, wind, hail, and theft, Additionally[\/vc_column_text][nectar_btn size=”large” button_style=”regular-tilt” button_color=”Accent-Color” icon_family=”none” button_id=”btnn” text=”Read more” url=”https:\/\/stagingserver3.com\/buildersrisktx\/residential\/”][\/vc_column_inner][\/vc_row_inner][\/vc_column][\/vc_row][vc_row type=”full_width_background” full_screen_row_position=”middle” column_margin=”default” column_direction=”default” column_direction_tablet=”default” column_direction_phone=”default” bg_color=”#f8f8f8″ scene_position=”center” top_padding=”80″ constrain_group_1=”yes” bottom_padding=”80″ text_color=”dark” text_align=”left” row_border_radius=”none” row_border_radius_applies=”bg” overflow=”visible” id=”ro-6″ disable_element=”yes” overlay_strength=”0.3″ gradient_direction=”left_to_right” shape_divider_position=”bottom” bg_image_animation=”none” gradient_type=”default” shape_type=””][vc_column column_padding=”no-extra-padding” column_padding_tablet=”inherit” column_padding_phone=”inherit” column_padding_position=”all” column_element_direction_desktop=”default” column_element_spacing=”default” desktop_text_alignment=”default” tablet_text_alignment=”default” phone_text_alignment=”default” background_color_opacity=”1″ background_hover_color_opacity=”1″ column_backdrop_filter=”none” column_shadow=”none” column_border_radius=”none” column_link_target=”_self” column_position=”default” gradient_direction=”left_to_right” overlay_strength=”0.3″ width=”1\/1″ tablet_width_inherit=”default” animation_type=”default” bg_image_animation=”none” border_type=”simple” column_border_width=”none” column_border_style=”solid” column_padding_type=”default” gradient_type=”default”][vc_column_text css_animation=”bounceInDown”]\n

What is Commercial Property Builder’s<\/span>
\nRisk Insurance?<\/span><\/h2>\n

Commercial property builder’s risk insurance is a type of insurance that provides coverage for buildings or structures during construction. This type of policy is also known as “course of construction” insurance or “all-risk” insurance.<\/p>\n

It is designed to protect contractors, developers, and property owners against losses or damages that may occur during the construction phase of a project. This insurance can be customized to fit the needs of the project and can cover a variety of risks, including theft, vandalism, fire, and more.<\/p>\n[\/vc_column_text][toggles style=”minimal_shadow” accordion=”true” accordion_starting_functionality=”default” border_radius=”20px”][toggle color=”Default” heading_tag=”h4″ heading_tag_functionality=”default” title=”What Is Builders Risk Insurance?”][nectar_responsive_text font_size_min=”14px” font_size_max=”20px” font_size_desktop=”0.1vw” font_line_height=”1.6″]Builders Risk Insurance\u2014also referred to as course of construction (COC) insurance, building risk insurance, or builder’s risk insurance\u2014is a specialized type of property insurance that protects a person’s or organization’s construction projects,\u202frenovations, or installation while in progress. It can include the existing structure, materials, as well as equipment being used in the construction of a building or structure should those items sustain physical damage from a\u202fcovered cause\u202f(up to the coverage limit of the policy). Most insurance providers will also typically cover lost or stolen items.<\/p>\n

Coverage begins from the moment the project commences until it is completed. Coverage is typically for the construction phase only and will terminate when the project is completed and ready for use or occupancy. While normally purchased by the owner of the project, insured\u2019s can also be lending institutions or the general contractors that are performing the work.[\/nectar_responsive_text][\/toggle][toggle color=”Default” heading_tag=”h4″ heading_tag_functionality=”default” title=”Who Needs Builders Risk Coverage?”][nectar_responsive_text font_size_min=”14px” font_size_max=”20px” font_size_desktop=”0.1vw” font_line_height=”1.6″]A builders risk policy can be useful in a variety of circumstances. If you are any person or organization that has a vested interest in the project being completed, you need to consider investing in this risk coverage. So who should purchase builders risk insurance?<\/p>\n

    \n
  • Property owners completing a\u202frenovation project<\/li>\n
  • Builders\/Contractors\u202fcompleting a project<\/li>\n
  • Residential construction projects<\/li>\n
  • Commercial construction (such as office buildings)<\/li>\n
  • Installation projects<\/li>\n
  • House flippers<\/li>\n
  • Development or investment companies<\/li>\n
  • Retail companies<\/li>\n
  • Architects or Engineers<\/li>\n
  • New Construction companies<\/li>\n<\/ul>\n

    We recommend that anyone in the construction industry should speak with experienced claims specialists to help you determine if builder’s risk insurance is right for you.[\/nectar_responsive_text][\/toggle][toggle color=”Default” heading_tag=”h4″ heading_tag_functionality=”default” title=”What Builders Risk Insurance Covers?”][nectar_responsive_text font_size_min=”14px” font_size_max=”20px” font_size_desktop=”0.1vw” font_line_height=”1.6″]As buildings are being constructed, builder’s risk insurance covers the insured party from:<\/p>\n

    Explosions or Fire<\/p>\n

      \n
    • Damaging Winds or Hail<\/li>\n
    • Lightning Strikes<\/li>\n
    • Theft or Vandalism<\/li>\n
    • Vehicle or Aircraft Accidents<\/li>\n<\/ul>\n

      If a delay arises in a construction project due to a covered loss, this builder insurance can potentially mitigate the financial impact and soft costs incurred from taxes, interest on loans, lost sales, or lost rental income.[\/nectar_responsive_text][\/toggle][toggle color=”Default” heading_tag=”h4″ heading_tag_functionality=”default” title=”What Doesn’t Builders Risk Insurance Cover?”][nectar_responsive_text font_size_min=”14px” font_size_max=”20px” font_size_desktop=”0.1vw” font_line_height=”1.6″]A builder risk insurance policy typically excludes:<\/p>\n

        \n
      • Earthquakes<\/li>\n
      • Floods\/Water Damage<\/li>\n
      • Acts of War or Government Action<\/li>\n
      • Intentional Acts<\/li>\n
      • Employee Theft<\/li>\n
      • Faulty Design or Workmanship<\/li>\n
      • Contractual Penalties<\/li>\n
      • Mechanical Breakdown<\/li>\n<\/ul>\n

        While this type of policy typically covers ‘Acts of God’ such as extreme weather, if you have building materials that are considered unprotected from the elements, they may be excluded. So it is imperative to do everything in your power to protect materials and equipment being used on the property in question.[\/nectar_responsive_text][\/toggle][toggle color=”Default” heading_tag=”h4″ heading_tag_functionality=”default” title=”What Types of Property Does It Cover?”][nectar_responsive_text font_size_min=”14px” font_size_max=”20px” font_size_desktop=”0.1vw” font_line_height=”1.6″]Builders risk coverage can include swimming pools, retaining walls, storage buildings, garages, additions being made to a building\/home and the structure being built. It may also include tools and other materials which are kept on the construction site. Materials in transit may also be covered in the policy.<\/p>\n

        However, heavy equipment and machinery are not normally covered and may require a separate rider or extension. An extension is often purchased to cover items such as scaffolding, debris removal, temporary structures, damage incurred by a sewer backup or water damage, or things such as asbestos removal.[\/nectar_responsive_text][\/toggle][toggle color=”Default” heading_tag=”h4″ heading_tag_functionality=”default” title=”Other Coverage Options You May Need”][nectar_responsive_text font_size_min=”14px” font_size_max=”20px” font_size_desktop=”0.1vw” font_line_height=”1.6″]There are some policies you may need to purchase concurrently with your builder’s risk policy:[\/nectar_responsive_text][\/toggle][toggle color=”Default” heading_tag=”h4″ heading_tag_functionality=”default” title=”General Liability Insurance”][nectar_responsive_text font_size_min=”14px” font_size_max=”20px” font_size_desktop=”0.1vw” font_line_height=”1.6″]General Contractor Liability Insurance\u202fis a policy that will provide coverage in the event of injury or damage to a third party during construction. Many government entities require a\u202fcertificate of insurance\u202fof this insurance to prove coverage before bidding on a job. In short, this insurance typically covers:<\/p>\n

          \n
        • Third-party bodily injury<\/li>\n
        • Third-Party Property damage<\/li>\n
        • Libel, slander, and copyright infringement<\/li>\n<\/ul>\n

          For example, if a passerby gets injured by falling debris, the existing liability coverage can help pay their medical bills.[\/nectar_responsive_text][\/toggle][toggle color=”Default” heading_tag=”h4″ heading_tag_functionality=”default” title=”Construction Liability Insurance”][nectar_responsive_text font_size_min=”14px” font_size_max=”20px” font_size_desktop=”0.1vw” font_line_height=”1.6″]Construction liability\u202fcan protect you if you are sued, if property damage is incurred, or if there is a personal injury to a third party. Construction insurance can also cover legal fees or settlements. If you own and operate a construction business or are working on construction projects, this is a necessity.[\/nectar_responsive_text][\/toggle][toggle color=”Default” heading_tag=”h4″ heading_tag_functionality=”default” title=”Inland Marine Insurance”][nectar_responsive_text font_size_min=”14px” font_size_max=”20px” font_size_desktop=”0.1vw” font_line_height=”1.6″]An\u202fInland marine insurance policy\u202fcovers your tools, equipment, and other cargo while in transit to\/from a job site. Most insurers will not cover tools and equipment not permanently attached to a vehicle under commercial auto insurance. Some equipment and materials may be covered by your builder’s risk insurance policy, so be sure to check with your agent to see if you need both policies.[\/nectar_responsive_text][\/toggle][toggle color=”Default” heading_tag=”h4″ heading_tag_functionality=”default” title=”Commercial Property Insurance”][nectar_responsive_text font_size_min=”14px” font_size_max=”20px” font_size_desktop=”0.1vw” font_line_height=”1.6″]If you are a property owner or own property that your business is located in, consider\u202fCommercial Property Insurance\u202fto protect your buildings and the property within. A commercial property policy can cover damage to an existing building from things like fires, storm damage, and vandalism.[\/nectar_responsive_text][\/toggle][toggle color=”Default” heading_tag=”h4″ heading_tag_functionality=”default” title=”Workers’ Compensation Insurance”][nectar_responsive_text font_size_min=”14px” font_size_max=”20px” font_size_desktop=”0.1vw” font_line_height=”1.6″]If you hire employees or subcontractors to work on your worksite, you’ll likely need to provide them with workers’ compensation insurance. This will help cover their medical expenses and lost wages if they’re injured on the job.<\/p>\n

          You may need additional coverage depending on your particular business, commercial projects, etc. but these options are a great addition to builder’s risk coverage.[\/nectar_responsive_text][\/toggle][toggle color=”Default” heading_tag=”h4″ heading_tag_functionality=”default” title=”How Much Does Builders Risk Insurance Cost?”][nectar_responsive_text font_size_min=”14px” font_size_max=”20px” font_size_desktop=”0.1vw” font_line_height=”1.6″]We’re often asked how builder’s risk insurance cost is typically calculated. The rate is typically calculated as a percentage of the total cost of the construction project (anywhere between one and four percent). Average ranges can be expected from $200 a month to $2,000 a month, depending on the size of the project.<\/p>\n

          A quote from an insurance company typically takes into consideration the type of the project, whether or not multiple projects are underway, where it’s located, materials being used, and coverage extensions that you want added onto the base policy. Coverage limits and deductibles will also impact what an insurance company charges for premiums. To get a more accurate quote, speak with an agent who is familiar with this type of insurance.[\/nectar_responsive_text][\/toggle][toggle color=”Default” heading_tag=”h4″ heading_tag_functionality=”default” title=”Get A Builders Risk Insurance Policy Quote”][nectar_responsive_text font_size_min=”14px” font_size_max=”20px” font_size_desktop=”0.1vw” font_line_height=”1.6″]If you’re a general contractor\u2014or anyone directly invested in a construction project’s completion\u2014you should speak with a licensed agent who specializes in builders risk policies. For large or specialized projects, it is also important to have an attorney review the contract and requirements for the builder’s risk insurance coverage.\u202fWant a free quote? Complete the form at the top of the page to get a free builders risk quote, or give us a call at\u202f1-888-626-1462\u202fto speak to someone directly![\/nectar_responsive_text][\/toggle][toggle color=”Default” heading_tag=”h4″ heading_tag_functionality=”default” title=”What Is Builder\u2019s Risk Insurance?”][nectar_responsive_text font_size_min=”14px” font_size_max=”20px” font_size_desktop=”0.1vw” font_line_height=”1.6″]Builder\u2019s risk insurance covers property and construction materials during a project. It\u2019s also called \u201ccourse of construction insurance.\u201d Builder\u2019s risk policies are available for new construction projects, remodeling and installation work. Projects are classified as either commercial or residential risks.<\/p>\n

          People who might need to buy builder\u2019s risk insurance include building owners, contractors, subcontractors, architects and engineers.[\/nectar_responsive_text][\/toggle][toggle color=”Default” heading_tag=”h4″ heading_tag_functionality=”default” title=”What Does Builder\u2019s Risk Insurance Cover?”][nectar_responsive_text font_size_min=”14px” font_size_max=”20px” font_size_desktop=”0.1vw” font_line_height=”1.6″]Builder\u2019s risk insurance protects builders against multiple types of problems, including:<\/p>\n

            \n
          • Fire<\/li>\n
          • Lightning<\/li>\n
          • Hail<\/li>\n
          • Explosions<\/li>\n
          • Theft<\/li>\n
          • Vandalism<\/li>\n
          • Hurricanes and other \u201cacts of God\u201d<\/li>\n<\/ul>\n
            A builder\u2019s risk policy may cover:<\/strong><\/h5>\n
              \n
            • Buildings and structures that are under construction, including temporary storage buildings, fencing and scaffolding<\/li>\n
            • Equipment, such as repair of damaged equipment, as long as the equipment is covered under the policy<\/li>\n
            • Materials and supplies being used<\/li>\n
            • Constructions signs, trees and plants<\/li>\n
            • Valuable papers such as blueprints, and electronic data<\/li>\n
            • Labor<\/li>\n
            • Ordinance and law costs, or the increased cost to repair or rebuild due to building codes and laws at the time of the loss<\/li>\n<\/ul>\n
              Builder\u2019s risk policies may also cover the following \u201csoft\u201d costs that result from construction delays:<\/h5>\n
                \n
              • Additional interest on loans<\/li>\n
              • Lost sales income<\/li>\n
              • Real estate taxes<\/li>\n
              • Rental income<\/li>\n<\/ul>\n[\/nectar_responsive_text][\/toggle][toggle color=”Default” heading_tag=”h4″ heading_tag_functionality=”default” title=”What Does Builder\u2019s Risk Insurance Not Cover?”][nectar_responsive_text font_size_min=”14px” font_size_max=”20px” font_size_desktop=”0.1vw” font_line_height=”1.6″]Not everything is covered under a builder\u2019s risk insurance policy. For example, earthquakes and floods are generally not covered, but you can buy additional insurance for those problems. Here\u2019s a short roundup of other common exclusions:<\/p>\n
                  \n
                • Acts of terrorism and war<\/li>\n
                • Damage due to a faulty design<\/li>\n
                • Employee theft<\/li>\n
                • Mechanical breakdowns<\/li>\n
                • Rust and corrosion<\/li>\n
                • Wear and tear<\/li>\n<\/ul>\n

                  Be sure to check a policy\u2019s exclusions before buying it. You want to be aware of what costs you\u2019ll be paying if the worst happens.[\/nectar_responsive_text][\/toggle][\/toggles][nectar_btn size=”large” button_style=”regular-tilt” button_color=”Accent-Color” icon_family=”none” button_id=”btnn” text=”Apply Now” url=”https:\/\/stagingserver3.com\/buildersrisktx\/contact-us\/” margin_top=”30″ css_animation=”shake”][\/vc_column][\/vc_row][vc_row type=”full_width_background” full_screen_row_position=”middle” column_margin=”default” column_direction=”default” column_direction_tablet=”default” column_direction_phone=”default” bg_color=”#f8f8f8″ scene_position=”center” top_padding=”80″ bottom_padding=”20″ text_color=”dark” text_align=”left” row_border_radius=”none” row_border_radius_applies=”bg” overflow=”visible” id=”ro-6″ overlay_strength=”0.3″ gradient_direction=”left_to_right” shape_divider_position=”bottom” bg_image_animation=”none” gradient_type=”default” shape_type=””][vc_column column_padding=”no-extra-padding” column_padding_tablet=”inherit” column_padding_phone=”inherit” column_padding_position=”all” column_element_direction_desktop=”default” column_element_spacing=”default” desktop_text_alignment=”default” tablet_text_alignment=”default” phone_text_alignment=”default” background_color_opacity=”1″ background_hover_color_opacity=”1″ column_backdrop_filter=”none” column_shadow=”none” column_border_radius=”none” column_link_target=”_self” column_position=”default” gradient_direction=”left_to_right” overlay_strength=”0.3″ width=”1\/1″ tablet_width_inherit=”default” animation_type=”default” bg_image_animation=”none” border_type=”simple” column_border_width=”none” column_border_style=”solid” column_padding_type=”default” gradient_type=”default”][vc_column_text css_animation=”bounceInDown”]\n

                  What is Commercial Property Builder’s<\/span>
                  \nRisk Insurance?<\/span><\/h2>\n

                  Commercial property builder’s risk insurance is a type of insurance that provides coverage for buildings or structures during construction. This type of policy is also known as “course of construction” insurance or “all-risk” insurance.<\/p>\n

                  It is designed to protect contractors, developers, and property owners against losses or damages that may occur during the construction phase of a project. This insurance can be customized to fit the needs of the project and can cover a variety of risks, including theft, vandalism, fire, and more.<\/p>\n[\/vc_column_text][\/vc_column][\/vc_row][vc_row type=”full_width_background” full_screen_row_position=”middle” column_margin=”default” column_direction=”default” column_direction_tablet=”default” column_direction_phone=”default” bg_color=”#f8f8f8″ scene_position=”center” text_color=”dark” text_align=”left” row_border_radius=”none” row_border_radius_applies=”bg” overflow=”visible” overlay_strength=”0.3″ gradient_direction=”left_to_right” shape_divider_position=”bottom” bg_image_animation=”none” gradient_type=”default” shape_type=””][vc_column column_padding=”no-extra-padding” column_padding_tablet=”inherit” column_padding_phone=”inherit” column_padding_position=”all” column_element_direction_desktop=”default” column_element_spacing=”default” desktop_text_alignment=”default” tablet_text_alignment=”default” phone_text_alignment=”default” background_color_opacity=”1″ background_hover_color_opacity=”1″ column_backdrop_filter=”none” column_shadow=”none” column_border_radius=”none” column_link_target=”_self” column_position=”default” gradient_direction=”left_to_right” overlay_strength=”0.3″ width=”1\/2″ tablet_width_inherit=”default” animation_type=”default” bg_image_animation=”none” border_type=”simple” column_border_width=”none” column_border_style=”solid”][toggles style=”minimal_shadow” border_radius=”20px”][toggle color=”Default” heading_tag=”h4″ heading_tag_functionality=”default” title=”What Is Builders Risk Insurance?”][nectar_responsive_text font_size_min=”14px” font_size_max=”20px” font_size_desktop=”0.1vw” font_line_height=”1.6″]Builders Risk Insurance\u2014also referred to as course of construction (COC) insurance, building risk insurance, or builder’s risk insurance\u2014is a specialized type of property insurance that protects a person’s or organization’s construction projects,\u202frenovations, or installation while in progress. It can include the existing structure, materials, as well as equipment being used in the construction of a building or structure should those items sustain physical damage from a\u202fcovered cause\u202f(up to the coverage limit of the policy). Most insurance providers will also typically cover lost or stolen items.<\/p>\n

                  Coverage begins from the moment the project commences until it is completed. Coverage is typically for the construction phase only and will terminate when the project is completed and ready for use or occupancy. While normally purchased by the owner of the project, insured\u2019s can also be lending institutions or the general contractors that are performing the work.[\/nectar_responsive_text][\/toggle][toggle color=”Default” heading_tag=”h4″ heading_tag_functionality=”default” title=”Who Needs Builders Risk Coverage?”][nectar_responsive_text font_size_min=”14px” font_size_max=”20px” font_size_desktop=”0.1vw” font_line_height=”1.6″]A builders risk policy can be useful in a variety of circumstances. If you are any person or organization that has a vested interest in the project being completed, you need to consider investing in this risk coverage. So who should purchase builders risk insurance?<\/p>\n

                    \n
                  • Property owners completing a\u202frenovation project<\/li>\n
                  • Builders\/Contractors\u202fcompleting a project<\/li>\n
                  • Residential construction projects<\/li>\n
                  • Commercial construction (such as office buildings)<\/li>\n
                  • Installation projects<\/li>\n
                  • House flippers<\/li>\n
                  • Development or investment companies<\/li>\n
                  • Retail companies<\/li>\n
                  • Architects or Engineers<\/li>\n
                  • New Construction companies<\/li>\n<\/ul>\n

                    We recommend that anyone in the construction industry should speak with experienced claims specialists to help you determine if builder’s risk insurance is right for you.[\/nectar_responsive_text][\/toggle][\/toggles][\/vc_column][vc_column column_padding=”no-extra-padding” column_padding_tablet=”inherit” column_padding_phone=”inherit” column_padding_position=”all” column_element_direction_desktop=”default” column_element_spacing=”default” desktop_text_alignment=”default” tablet_text_alignment=”default” phone_text_alignment=”default” background_color_opacity=”1″ background_hover_color_opacity=”1″ column_backdrop_filter=”none” column_shadow=”none” column_border_radius=”none” column_link_target=”_self” column_position=”default” gradient_direction=”left_to_right” overlay_strength=”0.3″ width=”1\/2″ tablet_width_inherit=”default” animation_type=”default” bg_image_animation=”none” border_type=”simple” column_border_width=”none” column_border_style=”solid”][toggles style=”minimal_shadow” border_radius=”20px”][toggle color=”Default” heading_tag=”h4″ heading_tag_functionality=”default” title=”What Builders Risk Insurance Covers?”][nectar_responsive_text font_size_min=”14px” font_size_max=”20px” font_size_desktop=”0.1vw” font_line_height=”1.6″]As buildings are being constructed, builder’s risk insurance covers the insured party from:<\/p>\n

                    Explosions or Fire<\/p>\n

                      \n
                    • Damaging Winds or Hail<\/li>\n
                    • Lightning Strikes<\/li>\n
                    • Theft or Vandalism<\/li>\n
                    • Vehicle or Aircraft Accidents<\/li>\n<\/ul>\n

                      If a delay arises in a construction project due to a covered loss, this builder insurance can potentially mitigate the financial impact and soft costs incurred from taxes, interest on loans, lost sales, or lost rental income.[\/nectar_responsive_text][\/toggle][toggle color=”Default” heading_tag=”h4″ heading_tag_functionality=”default” title=”What Doesn’t Builders Risk Insurance Cover?”][nectar_responsive_text font_size_min=”14px” font_size_max=”20px” font_size_desktop=”0.1vw” font_line_height=”1.6″]A builder risk insurance policy typically excludes:<\/p>\n

                        \n
                      • Earthquakes<\/li>\n
                      • Floods\/Water Damage<\/li>\n
                      • Acts of War or Government Action<\/li>\n
                      • Intentional Acts<\/li>\n
                      • Employee Theft<\/li>\n
                      • Faulty Design or Workmanship<\/li>\n
                      • Contractual Penalties<\/li>\n
                      • Mechanical Breakdown<\/li>\n<\/ul>\n

                        While this type of policy typically covers ‘Acts of God’ such as extreme weather, if you have building materials that are considered unprotected from the elements, they may be excluded. So it is imperative to do everything in your power to protect materials and equipment being used on the property in question.[\/nectar_responsive_text][\/toggle][\/toggles][\/vc_column][\/vc_row][vc_row type=”full_width_background” full_screen_row_position=”middle” column_margin=”default” column_direction=”default” column_direction_tablet=”default” column_direction_phone=”default” bg_color=”#f8f8f8″ scene_position=”center” bottom_padding=”80″ text_color=”dark” text_align=”left” row_border_radius=”none” row_border_radius_applies=”bg” overflow=”visible” id=”ro-6″ overlay_strength=”0.3″ gradient_direction=”left_to_right” shape_divider_position=”bottom” bg_image_animation=”none” gradient_type=”default” shape_type=””][vc_column column_padding=”no-extra-padding” column_padding_tablet=”inherit” column_padding_phone=”inherit” column_padding_position=”all” column_element_direction_desktop=”default” column_element_spacing=”default” desktop_text_alignment=”center” tablet_text_alignment=”default” phone_text_alignment=”default” background_color_opacity=”1″ background_hover_color_opacity=”1″ column_backdrop_filter=”none” column_shadow=”none” column_border_radius=”none” column_link_target=”_self” column_position=”default” gradient_direction=”left_to_right” overlay_strength=”0.3″ width=”1\/1″ tablet_width_inherit=”default” animation_type=”default” bg_image_animation=”none” border_type=”simple” column_border_width=”none” column_border_style=”solid” column_padding_type=”default” gradient_type=”default”][nectar_btn size=”large” button_style=”regular-tilt” button_color=”Accent-Color” icon_family=”none” button_id=”btnn” text=”View More” url=”https:\/\/stagingserver3.com\/buildersrisktx\/builders-risk-faq\/” margin_top=”30″ css_animation=”shake”][\/vc_column][\/vc_row][vc_row type=”full_width_background” full_screen_row_position=”middle” column_margin=”default” column_direction=”default” column_direction_tablet=”default” column_direction_phone=”default” scene_position=”center” top_padding=”80″ constrain_group_1=”yes” bottom_padding=”80″ text_color=”dark” text_align=”left” row_border_radius=”none” row_border_radius_applies=”bg” overflow=”visible” id=”ro-7″ overlay_strength=”0.3″ gradient_direction=”left_to_right” shape_divider_position=”bottom” bg_image_animation=”none” gradient_type=”default” shape_type=””][vc_column column_padding=”no-extra-padding” column_padding_tablet=”inherit” column_padding_phone=”inherit” column_padding_position=”all” column_element_direction_desktop=”default” column_element_spacing=”default” desktop_text_alignment=”default” tablet_text_alignment=”default” phone_text_alignment=”default” background_color_opacity=”1″ background_hover_color_opacity=”1″ column_backdrop_filter=”none” column_shadow=”none” column_border_radius=”none” column_link_target=”_self” column_position=”default” gradient_direction=”left_to_right” overlay_strength=”0.3″ width=”1\/1″ tablet_width_inherit=”default” animation_type=”default” bg_image_animation=”none” border_type=”simple” column_border_width=”none” column_border_style=”solid”][vc_column_text css_animation=”fadeInLeft” el_class=”txt1″]\n

                        REQUEST A QUOTE<\/span><\/h2>\n[\/vc_column_text][vc_row_inner column_margin=”default” column_direction=”default” column_direction_tablet=”default” column_direction_phone=”default” top_padding=”30″ bottom_padding=”30″ left_padding_desktop=”50″ right_padding_desktop=”50″ left_padding_tablet=”30″ constrain_group_4=”yes” right_padding_tablet=”30″ left_padding_phone=”0″ constrain_group_6=”yes” right_padding_phone=”0″ text_align=”left” row_position=”default” row_position_tablet=”inherit” row_position_phone=”inherit” overflow=”visible” pointer_events=”all” el_id=”inn”][vc_column_inner column_padding=”padding-1-percent” column_padding_tablet=”inherit” column_padding_phone=”inherit” column_padding_position=”all” column_element_direction_desktop=”default” column_element_spacing=”default” desktop_text_alignment=”default” tablet_text_alignment=”default” phone_text_alignment=”default” background_color_opacity=”1″ background_hover_color_opacity=”1″ column_backdrop_filter=”none” column_shadow=”medium_depth” column_border_radius=”none” column_link_target=”_self” overflow=”visible” gradient_direction=”left_to_right” overlay_strength=”0.3″ width=”1\/1″ tablet_width_inherit=”default” animation_type=”default” bg_image_animation=”none” border_type=”simple” column_border_width=”none” column_border_style=”solid” column_padding_type=”default” gradient_type=”default”][vc_column_text]
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