Construction projects, regardless of their size, can present complex insurance issues. A builder’s risk policy will financially protect builders, contractors and project owners from losses to property during the course of construction. Magnolia Insurance Group can protect you in the event of fire, flood, or theft. Our experts can even offer additional coverages to customize your policy to suit your needs.
Since builder’s risk coverage only deals with the property, it does not include coverage for worksite injuries or design/construction defects. For any mishaps that occur on the job, you should rely on liability and workers’ compensation insurance policies for coverage.
Additional coverages include policy time frames, financial costs due to delays, unexpected costs such as taxes or penalties, coverage for framing, cleanup, or debris