Unveiling the Differences: Builders Risk vs. General Liability

Understanding the distinction between builders risk and general liability insurance is crucial for securing your construction projects. Each type provides unique coverage, catering to specific needs during the building process.

What is Builders Risk Insurance?

Builders risk insurance protects your project from physical damage or loss that occurs during construction. This includes damage caused by natural disasters, vandalism, and theft. It covers the cost of materials, labor, and other expenses related to the project.

What is General Liability Insurance?

General liability insurance safeguards your business against claims of bodily injury or property damage to third parties. It covers accidents that may occur at your construction site, such as a visitor tripping and falling or damage caused to neighboring properties.

Success Stories

• Project A: A construction company secured builders risk insurance for a multi-million dollar residential development. During construction, a tornado severely damaged the structure. The insurance policy covered the cost of the repairs, enabling the project to be completed on time.
• Project B: A general contractor purchased general liability insurance for a commercial building project. During construction, a subcontractor was injured on the job site. The insurance covered the medical expenses and legal costs associated with the claim.
• Project C: A developer obtained both builders risk and general liability insurance for a high-rise condominium project. The builders risk policy covered damage caused by a fire that erupted on the construction site, while the general liability insurance protected the business from claims of noise and dust pollution by neighboring tenants.

Why Choose Us?

• Our policies offer comprehensive coverage tailored to your construction projects.
• We provide expert guidance to ensure you have the right level of protection.
• Our claims process is efficient and hassle-free, minimizing disruptions to your project timeline.

Contact us today to learn more about how builders risk and general liability insurance can safeguard your construction projects.