Do You Need Builder’s Risk Insurance to Protect Your Worksite?
Construction can be a rewarding career. Many people enjoy seeing the tangible fruits of their labor. But it does not come without risks. Being that buildings are not erected overnight, your projects are exposed to a host of risks—severe weather, fire, flooding, theft and more—throughout the process of construction, which could take many months. In fact, the construction industry sees billions of dollars in damages to unfinished worksites each year.
So, how can you protect your ongoing projects? Builder’s risk insurance, also referred to as course of construction insurance, is designed to protect your hard work and finances against the most prevalent industry risks. Let’s take a look at a few of the coverage options that are common with these policies. 
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Property damage : Funds repairs or replacement of your business’ physical property that is damaged or destroyed, such as raw materials, equipment, scaffolding, signage and more.
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Theft : Covers the loss of stolen materials and equipment.
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Natural and man-made disasters : While property damage coverage protects your assets from fire and theft, this option offers protection from severe weather, broken water main s , blackouts and other disasters as written in your policy.
Think about the investment you have tied up in a project. If a particularly bad storm destroyed the property, would you be able to pay for the costs of replacement and the liabilities you have to the project owner? To protect your business’ interests, especially if your worksite is located in an areas that has a high crime rate or high risk of inclement weather, talk to your independent insurance agent about the benefits of builder’s risk insurance.
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At Wilber-Price Insurance, we're committed to supporting local nonprofits like the Northeast Emergency Services Team (NEST), an organization dedicated to providing essential assistance to those in need within our community. NEST offers various services, including emergency food assistance, utility bill support, and access to resources for families facing financial hardship. Our mission is clear: we aim to uplift our community by lending a helping hand to NEST so they can continue their impactful work. But we need your help to make a difference. Our mission is inclusive and accessible; you can contribute without spending a dime. Simply refer a friend or family member to our agency for a no-obligation insurance quote, and you'll be supporting our cause. For every referral you provide, we will donate $10 to NEST, amplifying the impact of your generosity. Your involvement is important in realizing our goal of building a stronger, more compassionate community. Together, let's sow the seeds of assistance and hope where they are most needed, enriching lives and spreading positivity!
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