Builder's Risk Policy with The Woj Broker

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A Builder's Risk Policy is a specialized insurance designed to protect commercial and residential construction projects during the building phase. This coverage safeguards the structure, materials, and equipment against potential risks, ensuring that builders, contractors, and property owners are financially protected from unexpected events.

• Protects the building under construction against risks such as fire, theft, vandalism, and weather-related damage
• Covers materials, supplies, and fixtures that are part of the construction project

• Includes protection for soft costs that may arise from delays due to covered losses, such as architectural fees, legal expenses, and financing costs
• Helps mitigate financial impacts while the project is on hold

• May offer additional coverages, such as protection for temporary structures, equipment, and machinery used on-site
• Optional endorsements can include coverage for liability, pollution, and additional perils

• Coverage can be extended to protect completed structures for a specified period, ensuring that the property is covered until it is fully operational
• Provides peace of mind for contractors and property owners during the transition from construction to occupancy

Policies can be tailored to meet the unique needs of various construction projects, whether large commercial developments or smaller residential builds.